# 819 Wright Ave, Pasadena, CA 91104 > **TL;DR:** 44bd/44ba residential multi family, $9,680,000 ($425/sqft), built 1971, 22,784 sqft. > A/C. Est. $51,770/mo. Listed 38 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $9,680,000 | | Price/sqft | $425 | | Bedrooms | 44 | | Bathrooms | 4 full | | Square Feet | 22,784 | | Year Built | 1971 | | Lot Size | 35,262 sqft (0.81 acres) | | Stories | 3 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 38 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $48,947 | | Estimated Insurance | $2,823 | | **Total** | **$51,770** | ## Key Amenities - A/C ## Property Highlights - Built in 1971 - 0.81 acre lot - 3 stories - 50 parking spaces ## Description ### Agent Description Rare opportunity to acquire the Wright Avenue Apartments, a 44-unit (43 + 1 non-conforming 2+2) gated multifamily community in Pasadena's desirable Olive Heights / North Central neighborhood. Built in 1971 on an expansive 35,252 SF lot, the property spans approximately 22,784 SF with a functional mix of 33 one-bedroom units, 10 studios, and one non-conforming two-bedroom/two-bath. Residents enjoy controlled-access entry, gated covered parking, on-site laundry, bicycle storage, and a tranquil courtyard featuring a koi pond and tree-shaded seating, while select units feature updated kitchens and interiors. The offering presents extraordinary value-add potential: current rents average $1,486/unit against $2,215 at market a massive 69% upside as units turn to market rents plus an additional path to 59% upside through possible ADU development of the rear parking area into 8 two-bedroom ADUs (buyer to verify). At $220,000 per unit and $425/SF, the property trades at a 5.61% current cap rate with market fundamentals supporting 9.47%. The location is exceptional: Very Walkable (Walk Score 86), a 15-minute walk to the Metro A Line Lake Station, and minutes to Old Pasadena's dining and retail, the Rose Bowl, and South Lake Avenue. Anchored by world-class employers including Caltech, NASA's Jet Propulsion Laboratory, Huntington Hospital, and Kaiser Permanente in a zip code with a $105,958 median household income and $1.6M median home price 819 Wright Avenue offers investors scale, stable in-place income, and one of the deepest rent-growth stories in the Pasadena submarket. ## Location - **Address:** 819 Wright Ave, Pasadena, CA 91104 - **County:** Los Angeles - **Coordinates:** 34.16, -118.135458 - **Google Maps:** https://www.google.com/maps?q=34.16,-118.135458 ## Listing Agent - **Name:** Jacob Plewa · **License:** 02041641 - **Brokerage:** Estate Properties - **Broker Phone:** (310) 802-2285 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/819-Wright-Ave_Pasadena_CA_91104_M19854-53711?f=listhub&s=CLAWCA&m=26990875&c=propsimple) ## Photos ![819 Wright Ave - Photo 1](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1743308976r.jpg) ![819 Wright Ave - Photo 2](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3565182878r.jpg) ![819 Wright Ave - Photo 3](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3467045622r.jpg) ![819 Wright Ave - Photo 4](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2280868610r.jpg) ![819 Wright Ave - Photo 5](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1740141362r.jpg) ![819 Wright Ave - Photo 6](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1853450489r.jpg) ![819 Wright Ave - Photo 7](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2763311986r.jpg) ![819 Wright Ave - Photo 8](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2166582349r.jpg) ![819 Wright Ave - Photo 9](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3274687210r.jpg) ![819 Wright Ave - Photo 10](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2260583595r.jpg) ![819 Wright Ave - Photo 11](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3492919330r.jpg) ![819 Wright Ave - Photo 12](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f662060444r.jpg) ![819 Wright Ave - Photo 13](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1268097558r.jpg) ![819 Wright Ave - Photo 14](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f400026639r.jpg) ![819 Wright Ave - Photo 15](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2829978611r.jpg) ![819 Wright Ave - Photo 16](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1126923144r.jpg) ![819 Wright Ave - Photo 17](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f5978824r.jpg) ![819 Wright Ave - Photo 18](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3587382645r.jpg) ![819 Wright Ave - Photo 19](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2013438622r.jpg) ![819 Wright Ave - Photo 20](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f910298138r.jpg) ![819 Wright Ave - Photo 21](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f183968112r.jpg) ![819 Wright Ave - Photo 22](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f793331767r.jpg) ![819 Wright Ave - Photo 23](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3837046997r.jpg) ![819 Wright Ave - Photo 24](http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2405965133r.jpg) --- **MLS#:** 26990875 | **Updated:** 2026-10-24 **Source:** listhub *Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/819-wright-ave-pasadena-ca-91104-542e7e898e814cd6bd78b52c9c256d56) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/819-wright-ave-pasadena-ca-91104-542e7e898e814cd6bd78b52c9c256d56#listing", "url": "https://www.propertysimple.ai/listing/819-wright-ave-pasadena-ca-91104-542e7e898e814cd6bd78b52c9c256d56", "name": "819 Wright Ave, Pasadena, CA 91104", "description": "Rare opportunity to acquire the Wright Avenue Apartments, a 44-unit (43 + 1 non-conforming 2+2) gated multifamily community in Pasadena's desirable Olive Heights / North Central neighborhood. Built in 1971 on an expansive 35,252 SF lot, the property spans approximately 22,784 SF with a functional mix of 33 one-bedroom units, 10 studios, and one non-conforming two-bedroom/two-bath. Residents enjoy controlled-access entry, gated covered parking, on-site laundry, bicycle storage, and a tranquil courtyard featuring a koi pond and tree-shaded seating, while select units feature updated kitchens and interiors. The offering presents extraordinary value-add potential: current rents average $1,486/unit against $2,215 at market a massive 69% upside as units turn to market rents plus an additional path to 59% upside through possible ADU development of the rear parking area into 8 two-bedroom ADUs (buyer to verify). At $220,000 per unit and $425/SF, the property trades at a 5.61% current cap rate with market fundamentals supporting 9.47%. The location is exceptional: Very Walkable (Walk Score 86), a 15-minute walk to the Metro A Line Lake Station, and minutes to Old Pasadena's dining and retail, the Rose Bowl, and South Lake Avenue. Anchored by world-class employers including Caltech, NASA's Jet Propulsion Laboratory, Huntington Hospital, and Kaiser Permanente in a zip code with a $105,958 median household income and $1.6M median home price 819 Wright Avenue offers investors scale, stable in-place income, and one of the deepest rent-growth stories in the Pasadena submarket.", "image": [ "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1743308976r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3565182878r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3467045622r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2280868610r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1740141362r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1853450489r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2763311986r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2166582349r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3274687210r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2260583595r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3492919330r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f662060444r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1268097558r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f400026639r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2829978611r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1126923144r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f5978824r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3587382645r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2013438622r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f910298138r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f183968112r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f793331767r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f3837046997r.jpg", "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f2405965133r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/401dc490546c88bad690c09364be4806l-f1743308976r.jpg", "caption": "819 Wright Ave - 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