40 UNITS | PASADENA
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A GENERATIONAL ASSET IS NOW AVAILABLE FOR THE FIRST TIME IN OVER 50 YEARS!!

This rare opportunity to acquire an outstanding 40-unit multifamily property at 990 Valley View in Pasadena offers substantial scale, an outstanding unit mix, and real potential for significant, long-term rent growth.  Located in Hastings Ranch, it borders the city of Sierra Madre and is surrounded by mostly single-family residences.

The building features a highly desirable unit mix consisting of 32 two-bedroom/one-bath units and 8 one-bedroom/one-bath units, with the building records showing a size of over 32,600 total square feet.  A handful of units having been fully remodeled, providing a proven blueprint for future interior renovations and the potential to capture additional rental upside with turnover.

The location and size of this property only add to its appeal and rarity.  Just a 5-minute drive to the extensive collection of shopping, dining, entertainment, and everyday conveniences at Hastings Village and Hastings Ranch Center.  The destinations include Whole Foods Market, Trader Joe’s, Sprouts Farmers Market, Dick’s Sporting Goods, Lucky Strike, and a laundry list other retailers, restaurants, and services.

The building has already benefited from important capital improvements, including updated windows, completed soft-story seismic retrofit, copper plumbing and a recent repainting helping reduce near-term capital requirements.  The electrical system has proven to be sufficient and insurable for current ownership.

With 40 units in a single Pasadena asset in a residential neighborhood, a strong unit mix, significant rental upside, completed structural improvements, and proximity to extensive everyday amenities, 990 Valley View represents a compelling opportunity for an investor seeking scale, upside, and multi-generational investment in the robust Pasadena rental market.