
Pasadena, California 91104
This Duplex Residential Income property represents a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,252,863 Fair Market Value by 8%. This valuation gap offers $102,863 in Instant Equity. Featuring a Good Condition Rating, the front unit boasts a Remodeled Granite Kitchen and central AC, while the 8,000 sq ft lot provides significant rental flexibility. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a prime Pasadena location.
Property is move-in ready.
Although built in 1955, the property is well-maintained and move-in ready. The front unit features a remodeled kitchen with granite countertops, updated cabinetry, and remodeled bathrooms. It includes modern systems like central AC and has been refreshed with new interior/exterior paint and hardwood flooring. The renovation style appears to be within the 5-15 year range, fitting the 'Good' criteria.
The property features two separate houses on a large 8,000 sq ft lot with individual utility meters, private yards, and separate garages, offering excellent flexibility for rental income or multi-generational living.
The front unit is move-in ready with significant upgrades, including a remodeled kitchen with granite countertops, a renovated bathroom, central AC, and new interior and exterior paint.
Ideally situated near Pasadena City College (PCC), shopping districts, and business centers, the property is positioned in a high-demand area for both tenants and homeowners.
With a total of only 1,560 square feet divided between two units, the individual living spaces are relatively compact, which may limit appeal for larger households.
While the front unit boasts central AC and modern renovations, the rear unit lacks mention of similar climate control or recent updates, potentially requiring additional capital investment to equalize value.
Location, location and location. 2 houses (1498 and 1500) on a big lot which is close to 8000 sq ft. Each unit has its own front and back yards, car garages (1 car garage for front unit and 2 cars garage for back unit), separate water, gas and electricity meters. Excellent location, close to PCC, shops, schools, business centers, parks and so on. Both properties are well maintained. Front home (1500) features with 2 bedrooms & 1 bathrooms. It has central AC unit, kitchen has been remodeled and updated with granite counter tops and new kitchen cabinets. Bathroom has been remodeled as well. The laundry hook ups are inside the kitchen. Hardwood floors throughout the house and with new interior and exterior paint. The unit has its own cement patio which provides rest and entertainment to the tenants. Rear home (1498) offering 2 bedrooms + office & 1 baths with California basement and attached garage.
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 | 1,560 | 2,036.143 |
| Lot Size | 8,000 | 9,244.429 |
| Price | $1.15M | $1.19M |
| Price per sq ft | $737 | $581 |
| Built year | 1955 | 1937 |
| HOA | $0 | $0 |
| Days on market | 29 | 79 |
Aug 11, 2026
$1,150,000
Initial Listing
May 5, 2022
$1,060,000
Public Record