Pasadena Multifamily Buyer
Sell Your Commercial Property In Pasadena, CA
Own a commercial apartment building of five or more units in Pasadena? We purchase multifamily properties around Old Pasadena, Playhouse Village, and the rest of Los Angeles County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Pasadena Submarkets: Old Pasadena · Playhouse Village · South Lake · Altadena — Los Angeles County, CA
The Pasadena Market
What Drives Rentals In Pasadena
Pasadena, CA is a Los Angeles County city of 136,969 residents, where renters occupy 57.5% of homes and median gross rent runs $2,265 a month under ACS 2020-2024. Owners who want to sell commercial property in Pasadena, CA should weigh that rent level, 15.9% above the county median, against a county transfer tax of $1.10 per $1,000. Median household income is $105,192. This profile pulls Census, HUD and city figures so a Pasadena owner can see what buyers will underwrite.
Caltech
Caltech enrolls 2,369 students, 971 undergraduates and 1,398 graduate students, on its 124-acre Pasadena campus.Huntington Health
Huntington Health operates a 534-bed nonprofit regional medical center in Pasadena, founded in 1892.ArtCenter College of Design
ArtCenter College of Design enrolls about 2,251 students, 2,005 undergraduate and 246 graduate, at its Pasadena Hillside Campus.Our Buy Box
What We Buy In Pasadena
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Pasadena Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Pasadena
Renters occupy 57.5% of Pasadena homes, about 33,016 households, under ACS 2020-2024, per Census table B25003. That sits above Los Angeles County's 54.1% renter share and well above California's 44.1%. Buildings with 5 or more units make up 44.2% of Pasadena housing, about 27,926 homes, per table B25024. Pasadena's median year built is 1961, and 72.2% of homes predate 1980, per table B25034.
Rents and affordability in Pasadena
Pasadena's median gross rent is $2,265 a month under ACS 2020-2024, per Census table B25064, 15.9% above Los Angeles County's $1,954. Owners who want to sell commercial property in Pasadena, CA should note that 49.8% of Pasadena renters pay 30% or more of income on rent, per table B25070, close to the county's 54.8%. Compare these rents with HUD's FY2027 figures for the Los Angeles-Long Beach-Glendale, CA HUD Metro FMR Area.
| HUD FY2027 FMR | Monthly rent |
|---|---|
| Efficiency | $2,151 |
| One-bedroom | $2,402 |
| Two-bedroom | $2,964 |
| Three-bedroom | $3,760 |
| Four-bedroom | $4,208 |
Property taxes in Los Angeles County
On a $2,000,000 assessed value, California's 1% base rate under Proposition 13 is $20,000 a year, per the State Board of Equalization. Voter-approved bond debt in Pasadena's tax rate area adds to that base and was not verified here, so this figure excludes it. A sale of Pasadena commercial property also triggers Los Angeles County's documentary transfer tax of $1.10 per $1,000, or $2,200 on $2,000,000. The county Recorder lists special city transfer tax rates for five cities, and Pasadena is not one of them.
Landlord rules that affect Pasadena apartments
California caps security deposits at one month's rent, or two months for small owners, and requires return within 21 calendar days, under Civil Code 1950.5. A nonpayment notice gives three days, excluding weekends and judicial holidays, under Code of Civil Procedure 1161. Pasadena's own Rent Stabilization Ordinance caps the Annual General Adjustment at 2.25% for October 2025 through September 2026 on multi-unit buildings built before February 1, 1995. Anyone planning to sell commercial real estate in Pasadena, CA should confirm which Pasadena units fall under that local cap before setting asking rents.
What it means for a Pasadena owner
Skyline Capital Investments buys apartment buildings with 5 or more units, a category covering about 27,926 Pasadena homes, or 44.2% of the city's housing. Owners who sell commercial property in Pasadena, CA can model value with the cap rate calculator. To sell your apartment building in Pasadena directly, start at Sell My Apartment Building.
Good To Know
Pasadena Seller Checklist
More about selling in California →Investing in Pasadena? See apartment syndications in Pasadena →
- Sellers who sell commercial real estate in Pasadena, CA should budget $2,200 in transfer tax per $2,000,000 sold.
- Owners selling commercial property in Pasadena benefit from Caltech, Huntington Health and ArtCenter anchoring steady rental demand nearby.
- Investors who sell multifamily property in Pasadena are working with stock where 72.2% of homes predate 1980.
Seller Guides
Pasadena Seller Situations
Learn More
Taxes & Rules For Pasadena Property
The California rules that shape any deal in Pasadena: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Pasadena Seller FAQ
How do I sell commercial property in Pasadena, CA?
Start by comparing your rent roll with Pasadena's ACS 2020-2024 median rent of $2,265 a month. Skyline Capital Investments buys apartment buildings with 5 or more units, a category covering about 27,926 Pasadena homes, or 44.2% of the city's housing stock.
What does it take to sell commercial real estate in Pasadena, CA?
Expect Los Angeles County's documentary transfer tax of $1.10 per $1,000, or $2,200 on a $2,000,000 sale, collected at recording. The county Recorder lists special city rates for only five cities, and Pasadena is not among them.
What is the average rent in Pasadena, CA?
Pasadena's median gross rent is $2,265 a month under ACS 2020-2024, above Los Angeles County's $1,954. Of Pasadena renters, 49.8% pay 30% or more of income on rent, close to the county's 54.8%. Median household income is $105,192.
Which rent rules apply to Pasadena apartments?
Pasadena's own Rent Stabilization Ordinance sets a 2.25% Annual General Adjustment for October 2025 through September 2026, covering multi-unit buildings built before February 1, 1995. California's Civil Code 1947.12 separately limits other units to 5% plus inflation, capped at 10%, through January 1, 2030.
How much of Pasadena housing is in larger apartment buildings?
Buildings with 5 or more units make up 44.2% of Pasadena housing, about 27,926 homes, under ACS 2020-2024. Pasadena's older stock, with a median year built of 1961, means 72.2% of homes predate 1980, a factor buyers weigh when pricing capital improvements.
Will you buy a Pasadena property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
Do you work with Pasadena brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Pasadena, and we keep every conversation confidential.
Is it possible to sell rental property in Pasadena without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Pasadena?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Selling A Building In Pasadena?
A few details are enough to start. We respond to every Pasadena submission, including off-market and pocket listings.
