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175 Madre Street, Pasadena, California 91107, Pasadena, 91107 - bed, bath

175 Madre Street, Pasadena, California 91107 home-pic-0
ACTIVE$999,000
175 Madre Street, Pasadena, California 91107
0Bed
0Bath
1,210Sqft
5,040Lot
Year Built
1936
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$826
HOA
-
Days on market
-
Sold On
-
MLS number
WS24240225
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $999.0K(20th), sqft - 1210(20th), beds - undefined(50th), baths - undefined(50th).

Don’t miss this rare chance to own a duplex with outstanding rental income potential in one of Pasadena’s most desirable areas! Centrally located near Colorado Blvd, Pasadena City College, and the Huntington Library, this property is surrounded by prestigious schools and vibrant amenities. Both units are 1-bedroom, 1-bathroom, each with its own driveway (fits 2 cars) and a fenced front yard for added privacy. From 2019, the combined rental income has been an impressive $3,900/month, with one long-term tenant in place for over 5 years! No HOA fees, and minimal maintenance costs make this a highly profitable and stress-free investment. With immense potential for future value appreciation or possible additions, this is a unique opportunity to invest in Pasadena living. Whether you’re looking to live in one unit and rent the other, create a multi-generational setup with privacy, or simply enjoy dual rental income from both, this duplex is the perfect choice. Seize the chance to own a versatile, income-generating property in the heart of Pasadena. Opportunities like this don’t last—schedule a showing today!

Nearby schools

5/10
Willard Elementary School
Public,•K-5•0.1mi
7/10
Hugo Reid Elementary School
Public,•K-5•1.2mi
9/10
Carver Elementary School
Public,•K-5•1.3mi
7/10
Field (Eugene) Elementary School
Public,•K-5•1.3mi
8/10
Emperor Elementary School
Public,•K-6•1.9mi
8/10
Cloverly Elementary School
Public,•4-6•3.2mi
4/10
Woodrow Wilson Middle School
Public,•6-8•0.2mi
8/10
Oak Avenue Intermediate School
Public,•7-8•1.9mi
9/10
Huntington Middle School
Public,•6-8•2.6mi
9/10
Foothills Middle School
Public,•6-8•3.3mi
5/10
Pasadena High School
Public,•9-12•1.4mi
10/10
San Marino High School
Public,•9-12•1.6mi
9/10
Temple City High School
Public,•9-12•2.1mi
9/10
Arcadia High School
Public,•9-12•2.6mi
Condition Rating
Fair
Built in 1936, this property shows its age despite some cosmetic updates. The kitchens feature updated cabinets, countertops, and some stainless steel appliances, but the overall style and tile flooring are not contemporary. The presence of window/wall AC units indicates a lack of central heating and cooling, pointing to outdated major systems. While functional and rentable, the property requires minor updates and shows signs of being aged, aligning with a 'Fair' condition.
Pros & Cons

Pros

Great Schools: Elementary School: Carver Elementary School (9/10). Middle School: Foothills Middle School (9/10). High School: San Marino High School (10/10).
Exceptional Location: Centrally located in a highly desirable Pasadena area, near Colorado Blvd, Pasadena City College, and the Huntington Library, with access to prestigious schools and vibrant amenities, enhancing tenant demand and property value.
Proven Rental Income & Stability: The property boasts a combined rental income of $3,900/month (from 2019) with one long-term tenant (5+ years), indicating stable cash flow and strong tenant retention.
Investment Versatility: Offers flexible ownership options, including living in one unit and renting the other, facilitating a multi-generational setup, or maximizing dual rental income from both units.
Low Operating Costs: Absence of HOA fees and minimal maintenance costs contribute to higher net operating income and increased profitability for investors.
Individual Unit Amenities: Each unit features its own private driveway (accommodating 2 cars) and a fenced front yard, providing enhanced privacy, convenience, and appeal for tenants.

Cons

Property Age & Potential for Updates: Built in 1936, the property is nearly 90 years old, which may imply aging systems, potential for deferred maintenance, or the need for significant capital expenditures in the near future.
Outdated Rental Income Data: The stated combined rental income of $3,900/month is from 2019, which may not accurately reflect current market rates and requires updated verification for precise financial projections.
Limited Unit Configuration: Both units are 1-bedroom, 1-bathroom, which could restrict the target tenant demographic and potentially limit rental income growth compared to properties offering larger unit types.

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