3614 Pasadena Ave is a rare mixed-use portfolio offering in the heart of Northeast LA’s multifamily market, comprised of 22 residential units and 3 commercial spaces spread across three contiguous parcels totaling over 51,000 square feet of land. Located directly across from the Heritage Square Gold Line Station, this generational asset presents investors with a unique opportunity to acquire a well-located, transit-adjacent portfolio with substantial long-term upside and future development potential in a fast-evolving submarket of Los Angeles multifamily.

The offering includes two major components. First, 106–114 E. Avenue 37 and 103–117 E. Avenue 36, a charming 17-unit bungalow-style multifamily property sitting on two parcels totaling 38,583 square feet of land. Thirteen of these units are true standalone bungalows, featuring private entrances, no shared walls, and dedicated side and back yards. These character-filled residences offer significant appeal to tenants seeking a more private, single-family-like living experience—an increasingly rare feature in today’s rental market.

Second, 3614–3618 Pasadena Ave is a 12,433 square foot lot zoned RAS3 and improved with three commercial storefronts and five residential units. This segment of the property offers immediate rental income across both asset types, and presents a natural future redevelopment or ADU opportunity, especially given the Tier 3 TOC incentives available due to its location across from a major Metro station.

The portfolio’s prime location at 3614 Pasadena Ave, within the Northeast LA multifamily corridor, places it at the intersection of culture, connectivity, and long-term growth. Tenants benefit from direct access to public transit, and the surrounding neighborhoods of Highland Park, Cypress Park, and Mt. Washington continue to attract young professionals, creatives, and families seeking community-oriented living just minutes from Downtown LA.

With a highly desirable unit mix, charming architecture, income-producing commercial frontage, and strategic zoning advantages, this Los Angeles multifamily portfolio presents a compelling opportunity for both investors and developers looking to anchor their presence in a submarket that continues to outperform.