Nestled in the heart of South Pasadena, 194 Monterey Rd presents a remarkable investment opportunity. The property consists of four apartment units, organized into two duplex structures. Of these units, three are spacious 2-bedroom, 1-bath apartments, and one is a comfortable 1-bedroom, 1-bath unit. Notably, two of the four units currently sit vacant, offering immediate renovation potential for investors or owner-users seeking market-rate stabilization. The property stands on an expansive 12,482 square foot lot and features alengthy driveway, a shared courtyard area, and a rear yard with a communal pool. There's also a convenient carport that can accommodate up to 4 vehicles, ensuring hassle-free tenant parking. Located in a highly desirable submarket, this property offers not only value but also easy access to main streets and freeways, connecting you to Downtown Los Angeles and beyond. The proximity to excellent educational institutions, along with the district's stellar reputation, adds substantial value to the investment proposition.
Multi-familyProperty Type
1953Year Built
0.64 acresLot Size
$242Price/Sq.Ft.
4 garage spacesParking
Listed by Mark Cianciulli•DRE #01990266• The CREM Group
•323-208-9512 (agent)
•mark@cremgroupre.com (agent)
Bought with Cary Matthew Goldstone•DRE #01257356• House Network
*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
Beds
9
Baths
5.75
Stories
2
Lot width
—
Lot depth
—
Lot size
27,980
Year renovated
2025
Sq. Ft.
5,980
Year built
1953
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
5311003028
Parking Spaces
8
Basement
No
Accessible
Yes
HOA Dues
—
Garage
Yes
Features
Views, Green, Pool
Last updated by owner on Aug 6, 2026.
RH
Residential High Density District
The RH zoning district is intended for areas appropriate for high density attached dwelling units, including courtyard housing, townhouses, condominiums, and apartments. The allowable residential density ranges from 30.1 to 45 dwelling units per acre. Up to 70 dwelling units per acre are allowed for properties located within the Housing Opportunity (HO) Overlay District. The RH zoning district is consistent with the High Density Neighborhood land use designation of the General Plan.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Property details
Parking
Garage
Detached
# of Garage Spaces: 4
Parking
# of Parking Spaces (Total): 8
# of Carport Spaces: 4
Interior
Flooring Information
Hardwood Floors
Heating & Cooling
Other Cooling
Other Heat
Multi-Unit Income
Gross Income: 80400
Gross Operating Income: $80,400
Net Operating Income: $46,216
Multi-Unit Expenses
Trash Expense: $1,143
Gas Expense: $478
Insurance Expense: $2,318
Pool Expense: $1,690
Water Expense: $2,640
Maintenance Expense: $4,500
Total Annual Expense: $34,184
Tax Expense: $15,625
Other Expense: $5,790
Multi-Unit Other Financial Information
Gross Rent Multiplier: 15.54
Vacancy Rate: 2
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: duplex
# of Buildings: 2
Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Projected Rent: $2,300
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,200
Projected Rent: $2,400
Actual Rent: $1,200
# of Units: 1
Unit 3 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,300
Projected Rent: $3,200
Actual Rent: $1,300
# of Units: 1
Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Projected Rent: $1,900
# of Units: 1
Exterior
Building Information
Total Floors: 2
Multi Levels
Attached
Pool Information
In Ground Pool
Property Information
Property Type: Residential Income
Land Information
Other Structures: Other
Lot Information
Lot Size (Sq. Ft.): 12,485
Lot Size (Acres): 0.2866
Zoning: SPR310000*
Financial
Assessment Information
Assessed Total Value: $1,808,023
Assessed Land Value: $1,082,712
Assessed Land %: 59.88
Assessed Improvement Value: $725,311
Assessed Improvement %: 40.12
Assessor Parcel Number: 5311-003-028
Location
Community Information
# of Units in Complex (Total): 4
Location Information
Directions: See Google Maps
Public facts
Beds: 9
Baths: 5.75
Sq. Ft.: 5,980
Stories: —
Parking Spaces: 8
Basement: No
Accessible: Yes
Lot Size: 0.64 acres
Style: Multi-Family (5+ Unit)
Year Built: 1953
Year Renovated: 2025
County: Los Angeles County
APN: 5311003028
HOA Dues: —
Garage: Yes
Features: Views, Green, Pool
Home facts updated by owner on Aug 6, 2026
Other
Documents & Disclosures
Disclosures: Trust/Conservatorship
Around this home
Schools
Arroyo Vista Elementary School
Public K-5 • Assigned • 0.4mi
9/10
South Pasadena Middle School
Public 6-8 • Assigned • 1.4mi
10/10
South Pasadena Senior High School
Public 9-12 • Assigned • 1.1mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 97° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
South Pasadena, CA • 91030
Average low and high temperatures (°F)
69
48
71
50
74
53
72
53
75
56
80
60
83
60
89
65
85
64
80
58
71
52
69
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
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Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9.5 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
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