Active
$945,000
2 Units
4 Beds
2 Baths
2,052 Area(sq.ft.)
Lot: 8,080 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | n/a | n/a | $ 3,000 |
| Unit 2 | 2 | 2 | 1 | No | $ 2,500 | $ 2,500 | $ 3,000 |
| 3 | 6 | 3 | $ 5,000 | $ 5,000 | $ 9,000 |
| MLS #: | 25551647 |
| Days On Market: | 176 |
| Listing Date: | June 12, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 461 |
| Price per unit: | $ 472,500 |
Property Details
Exceptional opportunity to own a duplex in the heart of Pasadena, ideal for investors, developers, or owner-users seeking value-add potential. Hitting a target cap rate of 9-12% is doable depending on your strategy with the upside in rents and additional unit(s). Located north of the 210 freeway, this gem sits on a generous lot, offering tremendous upside and flexibility for future expansion. Both units are to be delivered vacant, making this a perfect blank slate to renovate, rent, or reimagine. With ample lot space, there may be potential to add an ADU, a third unit, or explore other development opportunities (buyers to independently verify with the City of Pasadena regarding zoning, density, and building regulations). Located on a picturesque tree-lined street near Pasadena City College, Caltech, and vibrant shops and dining on Lake Avenue, this property is a rare find in a great location with plenty of upside. Don't miss this chance to transform a fixer into a profitable long-term investment or develop sell at a premium disposition price.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 30,000 |
| Total Annual Expense: | $ 7,223 |
| Net Operating Income: | $ 23,615 |
| Gross Annual Income: | $ 30,000 |
| Cap Rate: | 6.4% |
| Gross Rent Multiplier: | 13.88 |
Structure
| Type of Units: | duplex |
| Buildings: | 1 |
| Levels: | One |
| Style: | Traditional |
| View Description: | None |
Land & Parking
| Zoning: | PSR4 |
| Parking Garage: | Carport Detached |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven |
| Heating: | Wall |
| Laundry: | Community, Outside |
| Laundry Equipment: | Own |
Exterior
Detailed Map
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Income
