
Pasadena, California 91103
This High-Potential Investment Opportunity is a 4-unit residential income asset listed at $1,080,000, positioned well above the $873,994 Fair Market Value. While the property commands a premium, it offers immediate cash flow with $6,398 in monthly rental income. Featuring a Condition Rating of 3, the building includes significant capital improvements like a new roof and updated plumbing. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing property in a prime Pasadena location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1758 Lincoln Avenue Subject | $1,080,000* List Price | 0 | 0 | 2,080 | $420 | - |
A 1380 1382 Glen Avenue Sold | $1,190,000 | 0 | 0 | 1,928 | $617 | 0.5 mi |
B 35 37 E Montana Sold | $900,000 | 0 | 0 | 2,467 | $365 | 0.6 mi |
C 35 E Montana Sold | $900,000 | 4 | 2 | 2,467 | $365 | 0.6 mi |
D 1909 N Summit Active | $1,399,999 List Price | 0 | 0 | 2,214 | $632 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1947, the property has undergone significant recent capital improvements including a brand-new roof, fully replaced plumbing, and newer windows. The interior features fresh paint, updated flooring, and renovated kitchens and bathrooms in select units, making it well-maintained and functional for immediate occupancy.
The property features significant recent upgrades including a brand-new roof, fully replaced plumbing, newer windows, and renovated kitchens and bathrooms, reducing immediate maintenance requirements for the buyer.
With a current monthly rental income of $6,398, this fourplex provides immediate revenue and a competitive gross rent multiplier for the Pasadena investment market.
All four units are equipped with separate electric and gas meters, allowing tenants to pay their own usage and significantly lowering the owner's monthly operating expenses.
The property is subject to Pasadena's local rent control regulations and tenant protections, which may limit the owner's ability to adjust rents to market rates or reposition the asset.
The building consists entirely of 1-bedroom, 1-bathroom units, which restricts the tenant pool to individuals or couples and limits the higher rental premiums typically associated with multi-bedroom units.
Fantastic 4-Unit Investment Opportunity in Pasadena! This income-producing fourplex features 4 spacious 1-bedroom, 1-bath units and offers immediate rental income with long-term investment potential. Major improvements have already been completed, including a brand-new roof on both the main building and detached garage, new garage doors, fully replaced plumbing, fresh interior and exterior paint, updated flooring, newer windows, and renovated kitchens and bathrooms in select units. All 4 units feature separate electric and gas meters, while the owner currently pays water. The property also offers 3 single-car garages and 1 additional parking space. Conveniently located with easy access to the 210 Freeway, shopping, dining, parks, and public transportation, this property is well positioned for investors and owner-users alike. Current rents total $6,398 per month, providing immediate cash flow. Future rental potential may exist, subject to local rent control regulations, existing tenancy, and applicable law. Buyer to independently verify all information, including rents, expenses, square footage, permits, and property condition.
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 | 2,080 | 2,217 |
| Lot Size | 7,121 | 8,545 |
| Price | $1.08M | $1.20M |
| Price per sq ft | $519 | $647 |
| Built year | 1947 | 1947 |
| HOA | $0 | $0 |
| Days on market | 14 | 81 |
Jul 8, 2026
$1,080,000
Initial Listing
Apr 15, 2021
$920,000
Public Record
Sep 23, 2009
$396,000
Public Record
Mar 20, 1998
$140,000
Public Record