1537 E Topeka Street, Pasadena, California 91104, Pasadena, 91104 - 7 bed, 4 bath
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Pasadena, California 91104
This Modern Residential Compound represents a High-Potential Investment Opportunity, listed at $2,800,000—positioned well below the $2,927,801 Fair Market Value by 4%. This valuation gap offers $127,801 in Instant Equity. Featuring a Mint Condition Rating with four vacant, newly constructed units and separate utility meters, this asset ensures operational efficiency. With its prime Pasadena location and mountain views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-producing lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1537 E Topeka Street Subject | $2,800,000* List Price | 7 | 4 | 2,800 | $1,046 | - |
A 1670 N Oxford Avenue N Active | $2,499,000 List Price | 0 | 0 | 2,169 | $1,152 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete redevelopment and new construction, resulting in a modern compound. It features brand-new kitchens and bathrooms with stylish finishes, new appliances, updated electrical systems with four separate meters, solar panels, and mint-condition interior and exterior surfaces.
The property features four separate residences delivered entirely vacant, offering exceptional flexibility for owner-users, multigenerational living, or investors seeking to set immediate market-rate rents.
Combining a beautifully renovated front home with two newly constructed rear units, the property provides high-quality craftsmanship, new appliances, and low-maintenance modern finishes throughout.
Equipped with four separate utility meters and independent living spaces, the compound ensures simplified property management and reduced overhead costs for the owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 1116. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 1.
At a list price of $2.8 million for 2,800 square feet, the property commands a significant premium that may challenge investors focused strictly on high immediate capitalization rates.
With seven total bedrooms across four units but only a three-car garage, the property may face parking constraints for high-occupancy tenancies or large multigenerational families.
A Modern Pasadena Compound Designed for the Way People Live Today.Exceptional new construction and redevelopment opportunity in the heart of Pasadena. Ideal owner-users, multigenerational living, or those seeking a unique income-producing property with long-term value and low-maintenance ownership.Originally a single-family residence, this property was thoughtfully transformed into four separate residences, creating a rare residential compound that blends modern living with strong rental appeal. The property consists of a beautifully renovated front residence, an attached 1-bedroom, 1-bath unit, and two newly constructed rear 2-bedroom, 1-bath residences, offering a total of four income-producing units and 3 car garage and plenty of individually private outdoor spaces.Built and redesigned with quality craftsmanship and thoughtful attention to detail, each residence features bright open-concept living spaces including new appliances (range, refrigerators, washer/ dryer) and stylish finishes throughout. The property benefits from four separate utility meters, a detached garage, and independent living spaces that provide privacy and flexibility for a variety of ownership scenarios. Whether occupying one residence while generating rental income from the others, accommodating extended family, or holding as an investment property, the possibilities are exceptional.Located on a picturesque tree-lined street in one of Pasadena's most desirable neighborhoods, the property offers excellent curb appeal and convenient access to Old Town Pasadena, South Lake Avenue, Caltech, Pasadena City College, parks, shopping, dining, entertainment, and major transportation corridors.With four rentable units delivered all vacant, separate utilities, and low-maintenance improvements this is an outstanding opportunity for investors and owner-users alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,800 | 2,217 |
| Lot Size | 8,105 | 8,545 |
| Price | $2.80M | $1.20M |
| Price per sq ft | $1.0K | $647 |
| Built year | 1946 | 1947 |
| HOA | $0 | $0 |
| Days on market | 25 | 81 |
Jun 27, 2026
$2,800,000
Initial Listing
Mar 18, 2022
$750,000
Public Record