960 Los Robles ave, Pasadena, CA 91104
Active
$2,850,000
4 Units
9 Beds
9 Baths
4,987 Area(sq.ft.)
Lot: 7,743 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 4,100 | $ 4,100 | $ 4,300 |
| Unit 2 | 1 | 2 | 1.50 | No | $ 3,695 | $ 3,695 | $ 3,900 |
| Unit 3 | 1 | 2 | 1.50 | No | $ 3,590 | $ 3,590 | $ 3,900 |
| Unit 4 | 1 | 3 | 2 | No | $ 2,550 | $ 2,550 | $ 4,900 |
| Unit 5 | 4 | 9 | 8 | No | $ 13,935 | $ 13,935 | $ 17,000 |
| 8 | 45 | 40 | $ 69,675 | $ 69,675 | $ 85,000 |
| MLS #: | 25533743 |
| Days On Market: | 212 |
| Listing Date: | May 8, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 571 |
| Price per unit: | $ 712,500 |
| Year Built: | 1965 |
Property Details
This amazing piece of real estate is a rare find: it's a great investment property that is also an excellent owner-user opportunity in prime Pasadena. Perfect for a family that wants to live in a beautiful residential neighborhood and collect rents to build massive equity. Welcome to 960 Los Robles Avenue an extraordinary Mid-Century fourplex located just steps from the charming and historic Bungalow Heaven neighborhood, and only minutes from the legendary Rose Bowl, Old Town Pasadena, and the many cultural, dining, and recreational highlights that make this city one of Southern California's most desirable places to live. This spacious four-unit property offers nearly 5,000 square feet of living space on a 7,741 square foot lot and delivers the perfect combination of immediate income and long-term potential. Whether you're a seasoned investor seeking turnkey cash flow or a homeowner looking to offset your mortgage with rental income, this is a rare opportunity in a truly unbeatable location. Three of the four units each consisting of two bedrooms and two bathrooms have been extensively and thoughtfully renovated. The updates include modern kitchens and bathrooms, new flooring, updated plumbing and electrical systems, double-pane windows, and brand new appliances. These units are currently rented at market rates, providing solid monthly income from day one. The largest unit, a spacious three-bedroom, two-bath residence, has not yet been remodeled and is ideal for an owner-user. With its generous layout, high ceilings, and abundant natural light, this unit is a blank canvas waiting for a personal touch. It offers the opportunity to design a dream home while still benefiting from the income of the other three units. Additional amenities throughout the property include separate utility meters for each unit, three new tankless water heaters, exterior security cameras, and a beautifully designed outdoor patio area that add value and enjoyment for the resident. A private storage area near the carport provides added convenience, and the ample off-street parking makes the property even more attractive to residents. Situated in a neighborhood known for its character and history, where surrounding Craftsman and historic homes often sell for well over a million dollars easily, this property stands out as a smart investment in an appreciating area. The tree-lined streets, architectural charm, and community pride make this location both livable and valuable. Don't miss your chance to own a high-performing property with unmatched versatility and upside in one of Pasadena's most treasured neighborhoods. Whether your goal is to build long-term wealth, secure passive income, or plant roots in a vibrant community, 960 Los Robles Avenue offers an exceptional opportunity to make it happen. Seller may do a 1031 Tax Deferred exchange with no expense to the buyer. This 4 unit property is eligible to add 3 ADU's.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 167,820 |
| Total Annual Expense: | $ 22,500 |
| Net Operating Income: | $ 145,320 |
| Gross Annual Income: | $ 13,985 |
| Gross Rent Multiplier: | 17.03 |
| Actual Gross Rent: | $ 167,220 |
| Actual Rent Total: | $ 167,220 |
Structure
| Type of Units: | Residentual |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Contemporary |
| Sewer: | In Street |
| View Description: | City Lights |
Land & Parking
| Zoning: | PSR3 |
| Parking Garage: | Carport, Driveway - Concrete |
Interior
| Cooking Appliances: | Cooktop - Gas, Gas/Electric Range, Oven-Gas |
| AC/Cooling: | Central, Other, Air Conditioning |
| Equipment: | Built-Ins, Cable, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Range/Oven, Refrigerator, Washer, Stackable W/D Hookup, Vented Exhaust Fan, Ice Maker |
| Heating: | Central, Other |
| Laundry: | In Unit |
| Laundry Income: | 50.00 |
| Patio Features: | Deck(s) |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
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