Pasadena has the narrowest active seller pool of any core LA-metro multifamily submarket. Family offices with multi-generational Pasadena holdings rarely list.
Selling an apartment building here? Pasadena multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 2 |
| Units | 92 |
| Total volume | $20.4 million |
| Price per unit range | $215K – $249K |
With 2 closings here, this is a range rather than a median — too small a sample to call a midpoint. The full record across every submarket is in the Sterman Transaction Index.
| Address | Units | Price | Closed |
|---|---|---|---|
| 130-136 S Michigan Ave | 18 | $4,488,888 | 2026-07 |
| 400-405 N Madison Ave | 74 | $15,875,000 | 2015-12 |
Pasadena's rental economy is anchored on two employers most LA submarkets don't have an equivalent for: Caltech and the Jet Propulsion Laboratory. A professional-class workforce that doesn't rotate out. Long-tenure rente...
Read the full seller's guide →Living in townPasadena is an independent city of about 140,000 in the western San Gabriel Valley, known for Caltech, the Rose Bowl, Old Pasadena, and a civic identity built around science, education, and architectural preservation.
See the full neighborhood profile →Closings2 Sterman Multifamily Group closings in Pasadena. See the full transaction record.
See all 2 Pasadena closings →FAQ3 common questions about selling an apartment building in Pasadena — answered.
Read the full FAQ →Pasadena's buyer pool is the narrowest of any core LA metro submarket — family offices that rarely sell, institutional holders that acquire and keep, and individual owners who inherited decades ago. When a clean building does list, the bidding is serious and disciplined.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Own buildings in more than one part of LA? See the citywide record across every Los Angeles submarket →
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