Great six unit building in prime Pasadena location close to the Washington business and shopping district and close to a quiet north east Pasadena residential neighborhood. Features a vacant 3-bedroom 2-bath townhouse-style owner unit that is being kept vacant for a possible owner occupant. This unit has new berber carpeting, new vinyl flooring, new paint and a new dishwasher. There are four additional 2-bedroom units and one 1-bedroom unit. Units offer balconies or enclosed patios. The rents are low. Income, cap rate and gross multiplier for this analyis are based on projected rents and estimated expenses of 35%. Property recently underwent an expensive re-piping of the plumbing. There is a laundry room on-site. Parking includes one garage and six covered carports. Tremendous opportunity for the investor or owner-occupant to own a great building in a prime area of Pasadena!
Multi-familyProperty Type
1965Year Built
8,747 sq ftLot Size
$172Price/Sq.Ft.
1 garage spacesParking
Listed by Matthew Bryant•DRE #01302873• Bryant Companies
Bought with Matthew Bryant•DRE #01302873• Bryant Companies
6 UNITS PRIME NEAST PASADENA. HUGE UNITS WITH 3BR TOWNHOME OWNERS UNIT. ALSO SELLING 1290 N. ALTADENA DR. 8 UNITS. CALL FOR SET-UP. UPSIDE IN RENTS. CASH FLOW! RARE PRIME PASADENA OPPORTUNITY.
CRMLS #A315061
Mar 7, 2003
Listing Removed
—
Jan 7, 2003
Listed
$960,000
$143/sq ft
CRMLS #22013550
Jan 7, 2003
Listed
$960,000
$143/sq ft
CRMLS #22011705
Nov 7, 2002
Listed
$1,500,000
$223/sq ft
CRMLS #A219124
Dec 7, 2002
Listing Removed
—
Nov 7, 2002
Listed
$1,500,000
$223/sq ft
Public Records
Jul 7, 1983
Sold
$310,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,132 (−3.9%)
$835,963 + $507,342
$1,343,305
2024
$16,783 (+0.8%)
$910,635 + $502,418
$1,413,053
2023
$16,644 (+3.5%)
$892,780 + $492,567
$1,385,347
2022
$16,085 (+4.3%)
$875,275 + $482,909
$1,358,184
2021
$15,419 (+4.0%)
$858,113 + $473,441
$1,331,554
2020
$14,826 (−0.2%)
$841,288 + $464,158
$1,305,446
2019
$14,858 (−1.5%)
$832,662 + $459,399
$1,292,061
2018
$15,080 (+1.1%)
$816,336 + $450,392
$1,266,728
2017
$14,913 (+2.5%)
$784,638 + $432,903
$1,217,541
2016
$14,550 (+1.1%)
$784,638 + $432,903
$1,217,541
2015
$14,389 (+1.9%)
$769,253 + $424,415
$1,193,668
2014
$14,119 (+0.9%)
$742,857 + $409,852
$1,152,709
2012
$13,990 (+7.5%)
$739,500 + $408,000
$1,147,500
2011
$13,018 (+1.5%)
$725,000 + $400,000
$1,125,000
2010
$12,826 (−0.6%)
$423,925 + $621,759
$1,045,684
2009
$12,902 (+6.4%)
$420,757 + $617,113
$1,037,870
2008
$12,126
$421,757 + $618,580
$1,040,337
Tax history for 1223 DEL REY Ave
Year
Property tax
Land + Additions
Assessment*
2025
$16,132 (−3.9%)
$835,963 + $507,342
$1,343,305
2024
$16,783 (+0.8%)
$910,635 + $502,418
$1,413,053
2023
$16,644 (+3.5%)
$892,780 + $492,567
$1,385,347
2022
$16,085 (+4.3%)
$875,275 + $482,909
$1,358,184
2021
$15,419 (+4.0%)
$858,113 + $473,441
$1,331,554
2020
$14,826 (−0.2%)
$841,288 + $464,158
$1,305,446
2019
$14,858 (−1.5%)
$832,662 + $459,399
$1,292,061
2018
$15,080 (+1.1%)
$816,336 + $450,392
$1,266,728
2017
$14,913 (+2.5%)
$784,638 + $432,903
$1,217,541
2016
$14,550 (+1.1%)
$784,638 + $432,903
$1,217,541
2015
$14,389 (+1.9%)
$769,253 + $424,415
$1,193,668
2014
$14,119 (+0.9%)
$742,857 + $409,852
$1,152,709
2012
$13,990 (+7.5%)
$739,500 + $408,000
$1,147,500
2011
$13,018 (+1.5%)
$725,000 + $400,000
$1,125,000
2010
$12,826 (−0.6%)
$423,925 + $621,759
$1,045,684
2009
$12,902 (+6.4%)
$420,757 + $617,113
$1,037,870
2008
$12,126
$421,757 + $618,580
$1,040,337
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
11
Baths
7
Stories
—
Lot width
—
Lot depth
—
Lot size
8,767 Sq. Ft.
Year renovated
1965
Sq. Ft.
6,734
Year built
1965
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5751008014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 2026.
RM-32
Multi-Family Residential - City of Gardens District
The purposes of the RM-32, zoning districts are to: Provide appropriately located areas for medium and high density residential neighborhoods that are consistent with and implement the Medium Density, Medium-High Density, and High Density Residential, land use designations of the General Plan, and with the standards of public health and safety established by this Zoning Code; Promote multiple-family residential developments having maximum economic life and stability; Integrate the street and the site visually and functionally as a total environment; Achieve an appropriate level of design quality consistent with or better than the surrounding neighborhood and the price range of the development; Relate new development to the existing environment in scale, material, and character so that Pasadena's inherent human scale, visual, and functional diversity may be maintained and enhanced; and Restrict alterations to the existing grade, except for minor grading for landscaping purposes and for subterranean parking.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Infrastructure
Dec 30, 2025 • Final
Multi family - roof/stucco/siding/window
Install a new single-ply membrane roof on a residential building. The project includes a cool roof system with a class A fire rating.
Roofing
Apr 18, 2012 • Final
Multi family - general
Replace wood paneling with stone veneer on the exterior of the building using a stucco scratch coat.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Carport Spaces: 6
# of Garage Spaces: 1
Carport, Garage
# of Parking Spaces: 7
Interior
Laundry Information
Individual Room
Multi-Unit Information
Net Operating Income: $58,110
Total Building Area: 6,734
Gross Scheduled Income: $89,400
Gross Multiplier: 11.7
Laundry Equipment Own or Lease: Lease
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 6
# Of Separate Electric Meters: 6
# Of Buildings: 1
Vacancy Allowance: 0
Exterior
Lot Information
Lot Size Source: Assessor's Data
Property Information
Total # of Units: 6
Parcel Number: 5751008014
Personal Property Amount: 0
Personal Property Percent: 0.00
Financial
Lease / Rental Details
Operating Expense: $31,290
Location
Location Information
Latitude: 34.16734000
Longitude: -118.09722700
Directions: East of Altadena Drive and between Washington and Woodlyn.
Public facts
Beds: 11
Baths: 7.0
Sq. Ft.: 6,734
Stories: —
Lot Size: 8,767 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1965
Year Renovated: 1965
County: Los Angeles County
APN: 5751008014
Home facts updated by county records on Oct 8, 2026
Other
Listing Information
Days Active in MLS: 50
Continuous Days Active in MLS: 50
Listing Agent Information
List Agent First Name: Matthew
List Agent Last Name: Bryant
Listing Office Information
List Office Name: Prudential California
Selling Agent Information
Buyer Agent First Name: Matthew
Buyer Agent Last Name: Bryant
Selling Office Information
Buyer Office Name: Prudential California
Around this home
Schools
K - 12
Preschool & daycare
Norma Coombs Elementary
Public K-5 • Assigned • 0.6mi
6/10
Sierra Madre Middle School
Public 6-8 • Assigned • 3.1mi
8/10
Pasadena High School
Public 9-12 • Assigned • 0.4mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
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