
Pasadena, California 91106
This fourplex presents a Strong Value Opportunity, listed at $1,750,000—positioned well below the $1,884,770 Fair Market Value by 7%. This valuation gap offers $134,770 in Instant Equity for the buyer. With a Fair Condition Rating, the property features hardwood floors and private enclosed garages, providing a stable foundation for income generation. While the vintage infrastructure requires modernization, the prime location near Caltech and PCC ensures consistent demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 141 N Bonnie Avenue Subject | $1,750,000* List Price | 0 | 0 | 4,566 | $413 | - |
A 167 N Allen Active | $1,549,000 List Price | 0 | 0 | 3,216 | $482 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, this property is well-maintained and currently income-producing with refinished hardwood floors and clean interiors. However, it is dated, featuring older systems such as window AC units and wall heaters, and likely requires modernization of kitchens and bathrooms to meet current market standards.
Situated in south-central Pasadena near Caltech and PCC, this property ensures high tenant demand and proximity to premium shopping, dining, and the Metro L Line.
Each unit includes a versatile bonus room and in-unit laundry hookups, providing functional layouts that can command higher rents or attract long-term tenants.
The property is fully leased and includes private enclosed garages for each unit, offering a turnkey investment with essential amenities already in place.
Built in 1927, the property may require significant capital expenditures for modernizing aging systems or maintaining structural integrity common in older buildings.
As a multi-unit property in Pasadena, it is subject to local rent control and tenant protection ordinances, which may limit the owner's ability to adjust rents to market rates.
A rare investment opportunity in south-central Pasadena. This charming two-story fourplex offers strong rental income in a prime location near Pasadena City College, Caltech, and the Metro L Line. Live in one unit and rent the other three, or keep all four as an income-producing investment. All four units are currently leased and generating income. Each spacious unit features hardwood floors, in-unit washer/dryer hookups, and a private enclosed garage. Units also include a bonus room that may be used as a second bedroom, dining room, office, kids' room, etc. Each tenant pays for their own electric and gas while the landlord pays for water, trash, and sewer. Conveniently located near South Lake Avenue shopping and dining, the Huntington Library and Gardens, and Old Town Pasadena, with easy access to freeways and public transit. Buyer and buyer's agent to verify all information, including square footage, rent control status, and permits. Please do not disturb tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.7 |
| Square foot | 4,566 | 2,036.143 |
| Lot Size | 8,028 | 9,244.429 |
| Price | $1.75M | $1.19M |
| Price per sq ft | $383 | $581 |
| Built year | 1927 | 1937 |
| HOA | $0 | $0 |
| Days on market | 47 | 79 |
Jul 24, 2026
$1,750,000
Initial Listing
Jul 24, 2018
$1,250,000
Public Record
Aug 12, 1994
$265,000
Public Record