
Pasadena, California 91103
This Dual-Unit Value-Add Asset is listed at $1,199,997, positioned near its $1,086,449 Fair Market Value to reflect its unique multi-unit utility and prime location. The property consists of a 3BR/2BA front house and a 2BR/1BA rear unit, earning a Functional Condition Rating with significant upside for forced appreciation through modernization. Beyond the interior potential, the lot features Canyon Views, a private patio, and a rare 8-car parking capacity. Located minutes from the Rose Bowl, this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants within the Pasadena Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1380 Glen Avenue Subject | $1,199,997* List Price | 5 | 3 | 1,928 | $564 | - |
A 1070 Marengo Avenue N Sold | $1,352,000 | 4 | 5 | 2,107 | $642 | 0.7 mi |
B 175 Painter Sold | $900,000 | 0 | 0 | 1,915 | $470 | 0.8 mi |
C 270 272 Del Monte Active | $1,080,000 List Price | 4 | 3 | 1,654 | $653 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this property is a classic value-add opportunity that is functional but requires modernization. While there are some updates like recessed lighting and laminate flooring in the living areas, the kitchen features a mix of newer stainless steel appliances with older white ones, dated cabinetry, and worn vinyl flooring. The property is well-maintained enough to be livable but shows significant signs of age and deferred cosmetic maintenance.
The property features two separate houses on one lot (3BR/2BA and 2BR/1BA), providing excellent flexibility for multi-generational living or dual rental income streams.
Rare for the area, the property includes two 2-car garages plus four tandem spaces, offering a total of eight parking spots to easily accommodate multiple tenants or guests.
Situated just minutes from the Rose Bowl in a highly desirable neighborhood, the location ensures strong long-term demand and consistent property appreciation.
The property is positioned as a value-add opportunity, implying that significant immediate capital investment is needed to update the interiors and systems to current market standards.
Built in 1951, the property may have original or aging utility systems that could require costly repairs or replacements during the renovation process.
While parking is abundant, the reliance on four tandem spaces can be a logistical inconvenience for tenants, potentially impacting the ease of daily vehicle access.
Two Houses on a Lot. Prime Pasadena location just minutes from the Rose Bowl. Front unit offers 3BR/2BA; rear unit features 2BR/1BA. Excellent value-add opportunity—ideal for investors looking to modernize and maximize rental income. Ample parking with two 2-car garages plus four tandem spaces. A high-potential property in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 2.0 | 67% |
| Baths | 3.0 | 1.0 | 67% |
| Square foot | 1,928 | 1,921.5 | 50% |
| Lot Size | 7,483 | 7,291.5 | 50% |
| Price | $1.20M | $1.25M | 50% |
| Price per sq ft | $622 | $557 | 50% |
| Built year | 1951 | 1931 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 171 | 17% |
Feb 12, 2026
$1,199,997
Initial Listing
Jan 24, 2013
$460,000
Public Record
Jul 9, 2012
$210,000
Public Record