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87 El Nido AvenuePasadena, CA 91107

For Sale

$2,200,000

Smart Buyer Rebate $22,000

We are pleased to present a rare opportunity to acquire 87 El Nido Ave, a well-maintained 6-unit apartment building. Ideally positioned between Colorado Blvd and Del Mar Blvd Avenue, this property is situated in the highly sought-after Pasadena rental market a prime location with strong tenant demand.Spanning a 10,971-square-foot lot with 2,816 square feet of gross building area, the property features a highly desirable unit mix of (6) one-bathroom units offering significant rental income potential. The average unit size is469 square feet. Residents enjoy access to premium amenities including in-unit laundry, air conditioning and assigned garage parking.Built in 1941, the properties current rents are approximately 22% below market, presenting a compelling value-add opportunity for investors.Pasadena's strong employment base and consistent demand for quality rental housing further enhance the investment appeal.

Listed by John Boyett

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License #02056759

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CBRE

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707-815-7472

Last updated January 27, 2026

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Source: CRMLS #26640169

Listing Facts

  • TypeMulti-family
  • NeighborhoodEaton Blanche Park
  • Bedrooms6
  • Days on Prevu10
  • Size2,816 sqft
  • Price per sqft$781

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/19/2026
Listed by CBRE
$2,200,000

Property Details for 87 El Nido Avenue

Exterior

Construction

  • Number Of Units Total: 6
  • Stories: 1
  • Year Built: 1941

Measurements

  • Building Area Total: 2,816
  • Lot Size Acres: 0.25
  • Lot Size Area: 10,974
  • Lot Size Square Feet: 10,974
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $144,434.00

Taxes

  • Parcel Number: 5748016029

Interior

Measurements

  • Living Area: 2,816

Rooms

  • Bathrooms Total Integer: 6
  • Bedrooms Total: 6

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 6 bedrooms in this multi-family home at 87 El Nido Avenue.

How does 87 El Nido Avenue compare to other multi-family homes in Eaton Blanche Park?

This multi-family home is listed 18% below the average price for multi-family homes in Eaton Blanche Park and has been on the market for 66 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,816 sqft.

87 El Nido Avenue is a 6-bedroom multi-family home for sale in Pasadena CA 91107. On Prevu for 10 days at $2,200,000. This residence features 2,816 square feet of living space, located in Pasadena. The median listing price for multi-family homes in this area is $2,324,500. The home offers parking. View other multi-family home listings in Pasadena.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.