1932 E Washington Boulevard, Pasadena, California 91104, Pasadena, 91104 - 0 bed, 0 bath
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Pasadena, California 91104
This Turnkey Triplex House-Hack is listed at $1,439,000—positioned well below the $1,455,929 Fair Market Value by 1%. This valuation gap provides $16,929 in Instant Equity. The property boasts a Condition Rating of 2, featuring a vacant, remodeled front house with a modern shaker kitchen, stainless appliances, and San Gabriel Mountain views. With two additional income-producing units, this asset balances high-end lifestyle comfort with significant rental-backed financial stability. It is an exceptional acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is new construction or fully renovated.
Although built in 1928, the property has undergone extensive recent renovations that meet modern quality standards. The front house features a fully remodeled kitchen with contemporary white shaker cabinetry, stone countertops, a farmhouse sink, and stainless steel appliances. The interior includes updated wood-style flooring, recessed lighting, modern ceiling fans, and a central HVAC system. The bathrooms are also noted as remodeled, and the overall aesthetic is move-in ready with high-end finishes and no visible deferred maintenance.
The triplex configuration with a vacant 3-bedroom front house allows for an owner-occupant to live in the main residence while offsetting the mortgage with rental income from the two rear units.
The primary residence features significant upgrades, including a remodeled kitchen, updated bathrooms, and central air and heat, blending 1920s character with modern comfort.
Situated in a central location with mountain views and proximity to local dining and shopping, this property offers high tenant appeal and long-term value retention.
While the front house is updated, the two rear units may require additional capital expenditures to match the main home's quality or to maximize market rental rates.
Built in 1928, the property may have aging underlying infrastructure, such as plumbing or electrical systems in the secondary units, that could necessitate future repairs.
Centrally located in the heart of Pasadena, this charming triplex presents a rare opportunity to enjoy the best of both worlds -- comfortable living and income potential. The property features a spacious front home with three bedrooms and two bathrooms, along with two additional rear units, each offering one bedroom and one bathroom.The front house will be delivered vacant at the close of escrow, making it ideal for an owner-occupant who would like to live in the main residence while generating rental income from the rear units. Inside, the front home blends character and modern updates, featuring wood flooring, a remodeled kitchen and bathrooms, and thoughtful details that create a warm and inviting atmosphere. Central air and heat provide year-round comfort.The property has been well maintained and offers flexibility for both investors and owner-users alike. Whether you're looking to offset your mortgage with rental income or add a solid multi-unit property to your portfolio, this Pasadena triplex presents an exceptional opportunity in a highly desirable location close to shopping, dining, and all that Pasadena has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,376 | 2,675.5 | 50% |
| Lot Size | 7,948 | 6,435.5 | 67% |
| Price | $1.44M | $1.50M | 50% |
| Price per sq ft | $606 | $657 | 33% |
| Built year | 1928 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 193 | 17% |
Mar 24, 2026
$1,439,000
Initial Listing
Apr 25, 2014
$791,000
Public Record
Jun 11, 2013
$680,000
Public Record