1429 Monterey Rd

—
Baths
5,124 Sq. Ft.
$488 / Sq. Ft.
5,124
Sq. Ft.
$488
per Sq. Ft.

Description

Fantastic investment opportunity! Well maintained four-unit income property in the heart of South Pasadena. Prime location just blocks from the city's award-winning high school, middle school, and main corridor on Mission Street. Residents enjoy quick access to shops, restaurants, and grocery stores including Trader Joe's and Pavilions. Two units on the main level and two units on the upstairs level, each approximately 1300sqft. All units feature one bedroom, one bathroom, in-unit laundry, living...Fantastic investment opportunity! Well maintained four-unit income property in the heart of South Pasadena. Prime location just blocks from the city's award-winning high school, middle school, and main corridor on Mission Street. Residents enjoy quick access to shops, restaurants, and grocery stores including Trader Joe's and Pavilions. Two units on the main level and two units on the upstairs level, each approximately 1300sqft. All units feature one bedroom, one bathroom, in-unit laundry, living room, dining room, and individual meters for electric and gas. Upstairs units also include a walk-in closet and a large den that can be used as a 2nd bedroom. Gated parking with one parking spot and one storage space per unit. Lush, mature landscaping on the property adds privacy and aesthetic appeal. Built-ins and abundant storage within the units add convenience and functionality. Don't miss this rare opportunity in a high-demand area.
  1. Listed by Evangelyn Lin • DRE #01817694 • Brokerage DRE #01878277 • eXp Realty of California, Inc.

Property Details for 1429 Monterey Road

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Lot Size Source
Public Records
Property Attached YN
false
Common Walls
No Common Walls
Average 1 Bed Area
1300
LISTING UPDATED: 06/30/2026 09:10 PM

Property Details for 1429 Monterey Road

StatusActive
MLS #P1-27807
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1923
Lot Size0.18 AC / 7,848 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California, Inc., Evangelyn Lin, DRE #01817694
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Building Information for 1429 Monterey Road

Stories2Residences-Year Built1923Building Size-Lot Size0.18 AC / 7,848 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$14,370 per month

30 year fixed, 6.36% Interest

Principal and Interest

$12,458

Property Taxes

$1,912

HOA Dues

$0

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Property Information for 1429 Monterey Road

Rental Info
Rental Info
  • Tenant Pays: Gas, Sewer, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,120
  • Gross Scheduled Income: $129,120
  • Net Operating Income: $129,120
Expense Details
  • Operating Expense: $29,466
  • Fuel Expense: $0
  • Insurance Expense: $3,350
  • Other Expense: $22,941
  • Other Expense Description: Property Tax
  • Trash Expense: $1,615
  • Water Sewer Expense: $1,523
  • Total Expenses: $29,466
Tax / Assessment Info
  • Tax Lot: 7
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Street Lights, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Cooktop, Refrigerator, Gas Oven
  • Interior Features: Balcony, Built-in Features, Recessed Lighting, Storage
  • Room Type: Laundry, Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Inside, Individual Room
  • Fireplace Features: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Flooring Type: Tile, Wood
  • Flooring: Tile, Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Features: None
  • Spa Features: None
Land/Lot Info
  • Land Lease: No
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Type: 4
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $2,660
  • Unit Type Total Rent: $2,660
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 1429 Monterey Road

DateEvent & SourcePriceAppreciation
Jun 30, 2026

Listed (Active)

CRMLS #P1-27807

$2,500,000—
Apr 1, 2022

Expired

CRMLS #12022940

$832,500—
Mar 26, 2022

Expired

CRMLS #1215172

$565,000—
DateEvent & SourcePrice
06/30/2026

Listed (Active)

CRMLS #P1-27807

$2,500,000
04/01/2022

Expired

CRMLS #12022940

$832,500
03/26/2022

Expired

CRMLS #1215172

$565,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1429 Monterey Road

Taxable ValueLand$1,243,909Additions$667,022Total$1,910,931
Tax Record2025$22,941 ($1,912 / month)
Home Facts
Total Finished SqFt5,124 SqFtAbove Grade Finished SqFt5,124 SqFtLot Size7,845 SqFtStyleQuadraplexYear Built1923ZoningSPR310000*CountyLOS ANGELESAPN5319-002-008

Schools near 1429 Monterey Road

This home is within South Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Arroyo Vista Elementary School
PublicK to 5

South Pasadena Middle School
Public6 to 8

South Pasadena Senior High School
Public9 to 12

Holy Family Catholic School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1429 Monterey Road is a multi-family home for sale in South Pasadena, CA 91030. This property was listed for sale on June 30, 2026 by eXp Realty of California, Inc., it's currently listed at $2,500,000. It has been on the market for a total of 1 days and was last sold on October 15, 2014. This listing's school district is South Pasadena Unified School District. Nearby schools include Arroyo Vista Elementary School, South Pasadena Middle School and South Pasadena Senior High School. 1429 Monterey Road is a 4-bed, 0-bath, 5,124 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc., Evangelyn Lin, DRE #01817694

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.