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East Pasadena, CA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in East Pasadena, California Market population: 6K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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πŸ“Š Average Cap Rate For East Pasadena CA Properties: 6.68%

⭐ Featured

Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF

πŸ“Š Avg Property Tax Rate For East Pasadena CA Properties: 1.2400%

⭐ Featured

Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF

Investor Questions For East Pasadena CA

Common questions from investors exploring commercial real estate in East Pasadena CA.

What's the overall investment potential of East Pasadena, CA? +
With a median household income of $71,151 and a relatively low poverty rate of 8.8%, East Pasadena presents a stable investment market, further supported by its high health insurance coverage of 91.8% and a short average commute time of 26.2 minutes, indicating a reliable and healthy workforce.
How does the ethnic diversity and industry mix impact the local real estate market? +
The diverse population, comprising White (28.7%), Hispanic (23.1%), and Asian (17.9%) communities, contributes to a vibrant market, while top industries like Finance & Insurance, Real Estate, and Professional Services drive demand for housing, suggesting a robust rental market with a wide range of potential tenants.
What are the implications of the city's commute patterns and health insurance rates for real estate investors? +
The average commute time of 26.2 minutes, coupled with a high health insurance coverage rate of 91.8%, indicates a population with good access to employment opportunities and healthcare, making it an attractive location for renters and thus a promising investment opportunity, especially considering the city's low poverty rate of 8.8%.
How does the local economy, including income inequality and employment rates, affect real estate investment? +
East Pasadena's employed population of 2,929 and a median household income of $71,151 suggest a strong local economy, though the GINI coefficient of 0.593 indicates some income inequality; however, the overall economic stability, combined with a high homeownership rate of 67.7% and significant median property value of $621,700, points to a favorable investment environment.
What role do property values, taxes, and the commute methods play in assessing the investment potential of East Pasadena? +
The substantial median property value of $621,700 and median property taxes of $1,434 reflect a valuable and potentially lucrative real estate market, while the prevalence of commute methods like driving alone, carpooling, and working from home, alongside an average commute time of 26.2 minutes, underscores the city's infrastructure and lifestyle advantages, making it an appealing choice for both investors and tenants.

East Pasadena CA Real Estate & City Facts

Key facts and real estate information about East Pasadena CA.

What are some of the best neighborhoods to live in East Pasadena? +
Some of the best neighborhoods to live in East Pasadena include Madison Heights, Bungalow Heaven, Linda Vista, Oak Knoll, Hastings Ranch, and South Arroyo. These neighborhoods offer a range of housing options, from historic homes to modern developments, and are known for their tree-lined streets, friendly communities, and easy access to local amenities.
What are some fun things to do in East Pasadena? +
There are plenty of fun things to do in East Pasadena, including visiting the Norton Simon Museum, taking a tour of the Gamble House, and exploring the historic landmarks and cultural attractions in Old Pasadena. You can also check out the local restaurants and shops, or take a stroll through one of the many parks and gardens in the area. If you're looking for something more adventurous, you could try a photography tour or visit one of the many hiking trails in the nearby San Gabriel Mountains.
What is the food scene like in East Pasadena? +
The food scene in East Pasadena is diverse and vibrant, with a range of restaurants serving everything from Japanese and Korean cuisine to traditional American comfort food. Some popular spots include Osawa, Kim Tar Seafood, and The Raymond 1886, which offers modern American cuisine in a historic setting. There are also plenty of great food trucks and casual eateries to choose from, so you're sure to find something that suits your taste and budget.
What are the pros and cons of living in East Pasadena? +
One of the pros of living in East Pasadena is its convenient location, with easy access to downtown Los Angeles and the San Gabriel Valley. The area is also known for its good schools, low crime rate, and strong sense of community. However, some of the cons include the high cost of living, particularly when it comes to housing, and the traffic and congestion that can occur on the local roads. Additionally, some areas of East Pasadena can feel a bit suburban and lacking in amenities, so it's worth doing your research and finding a neighborhood that fits your lifestyle and preferences.
Is East Pasadena a good place to live? +
Overall, East Pasadena is a great place to live, with its unique blend of small-town charm and big-city amenities. The area offers a high quality of life, with good schools, low crime, and plenty of opportunities for outdoor recreation and cultural enrichment. While it may not be the cheapest place to live, the benefits of living in East Pasadena far outweigh the costs for many people. Whether you're a young professional, a family, or a retiree, East Pasadena has something to offer, and is definitely worth considering if you're looking for a new place to call home.

πŸ“Š Average Income For East Pasadena CA Commercial Property: $71,151

⭐ Featured

7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate

$2,100,000
Long Beach Multifamily

Discover a compelling value-add opportunity in the heart of Long Beach, California. This 7-unit multifamily property, lo...

Cap Rate 7.00%
NOI $144,960
Size 6,074 SF
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