1498 E Topeka, Pasadena, California 91104, Pasadena, 91104 - 0 bed, 0 bath
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Pasadena, California 91104
This Residential Income Duplex presents a Strong Value Opportunity, listed at $1,180,000—positioned well below the $1,247,406 Fair Market Value by 5%. This valuation gap offers $67,406 in Instant Equity. With a Condition Rating of 3, the property features a Remodeled Granite Kitchen and separate utility metering. The 8,000 sq ft lot provides significant rental demand near PCC. This 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.
Built in 1955, this duplex is well-maintained and move-in ready. The front unit features a remodeled kitchen with granite countertops and updated cabinetry, along with a remodeled bathroom and central AC. While the renovations appear to be in the 10-15 year age range rather than brand new, the property is functional and shows pride of ownership.
The property features two detached houses on a large 8,000 sq ft lot with separate meters for water, gas, and electricity, providing an ideal setup for rental income or multi-generational living.
Ideally situated near Pasadena City College (PCC), shopping districts, and business centers, ensuring high tenant demand and long-term investment stability.
The front unit is move-in ready with significant upgrades, including a remodeled kitchen with granite countertops, a renovated bathroom, central AC, and fresh interior and exterior paint.
While the front unit is fully modernized, the rear unit lacks mention of similar upgrades or central cooling, which may necessitate future capital improvements to equalize rental value.
With only 1,536 total square feet divided between two residences, the individual living spaces are relatively compact, which may limit appeal for tenants or owners seeking larger rooms.
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 separate water, gas and electricity meters. Excellent location, close to PCC, shops, schools, business centers, parks and so on. Both properties are under well maintainment. Front home (1500) features with 2 bedrooms & 1 bathroom. 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 area to the tenants. Rear home (1498) offering 2 bedrooms + office room & 1 bath with California basement and attached garage. it is nice and clean.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,536 | 2,217 |
| Lot Size | 8,000 | 8,545 |
| Price | $1.18M | $1.20M |
| Price per sq ft | $768 | $647 |
| Built year | 1955 | 1947 |
| HOA | $0 | $0 |
| Days on market | 22 | 81 |
Jun 30, 2026
$1,180,000
Initial Listing
May 5, 2022
$1,060,000
Public Record