1031 Exchange South Pasadena, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in South Pasadena due to their correlations with market demand, and conversely, vacancy rate.

Surrounding submarket Area

South Pasadena, California is a part of the Pasadena Submarket submarket area, and contains zip codes 91030 and 91031.

South Pasadena Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the South Pasadena, CA submarket area was $2,106, which is 24.54% higher than 2014 average rent. This represents a compounded annual growth rate of 4.49%. 2019 vacancy in South Pasadena, CA was 5.40%.

The total population of the city of South Pasadena, CA has decreased 0.03% since 2010. As of 2018, the population was 25,611. The median household income of the South Pasadena was $96,579, which is 60.18% higher than the national average.

  • submarket area Pasadena Submarket
  • avg rent $2,106
  • rent growth 24.54%
  • vacancy 5.40%
  • median income $96,579
  • population (2018) 25,611
  • population growth -0.03%
  • vs. nat'l avg 60.18%
  • zip codes 91030 91031

Compare 1031 DST Properties
Side by Side

Simple & Easy to Understand

Side by Side Comparison of Investment Opportunities