
Pasadena, California 91107
This mixed-use Asset presents a Strong Value Opportunity with a List Price of $1,775,000—positioned well below the $1,929,263 Fair Market Value by 7%. This valuation gap offers $154,263 in Instant Equity. Featuring a Condition Rating of 4, the property offers a diverse income stream via a commercial salon and three residential units. With a 9,372 sqft lot and rear alley access, this is a compelling acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime Pasadena location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2056 E Villa Subject | $1,775,000* List Price | 0 | 0 | 2,668 | $723 | - |
A 1845 E Colorado Active | $1,390,000 List Price | 3 | 1 | 1,620 | $858 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the property features a kitchen and bathrooms that appear to have been renovated 20-30 years ago, characterized by oak cabinetry, tile countertops, and older white appliances. While functional and currently income-producing, the utility areas show significant age, and the overall interior aesthetic is dated, requiring modernization and minor repairs to reach current market standards.
The property features a unique mix of a street-front commercial salon, a three-bedroom main house, and a residential duplex, providing multiple revenue sources and mitigating vacancy risks.
Situated in a highly desirable West San Gabriel Valley submarket with frontage on Allen Avenue, the property offers excellent visibility for the commercial unit and high rental demand for the residential units.
The expansive 9,372 sqft lot includes a landscaped central courtyard, rear alley access, a garage, and three additional parking spaces, maximizing the utility and appeal for all tenants.
Built in 1956, the property may require significant capital expenditures for modernizing systems or structural repairs typical of mid-century mixed-use buildings.
Managing a combination of commercial and residential tenants along with shared amenities like coin-operated laundry increases the management intensity compared to standard residential investments.
Exceptional Pasadena Investment Opportunity Ideally situated in the heart of Pasadena, this distinctive mixed-use property presents a rare opportunity to acquire a well-positioned investment in one of the West San Gabriel Valley’s most desirable and established submarkets. With low tenant turnover, multiple income-producing components, and a highly convenient location, this versatile property offers both immediate appeal and long-term investment potential. The property features a street-front commercial unit, currently operating as a hair salon and complete with its own laundry facility. The residential component includes a three-bedroom, two-bath home, along with a duplex featuring two one-bedroom, one-bath units, creating a diverse mix of residential and commercial uses. A beautifully landscaped central courtyard enhances the property’s character and provides an inviting setting for residents. The expansive lot extends from its frontage on Allen Avenue all the way to the rear alley, offering convenient access to the garage and three additional driveway parking spaces. A coin-operated laundry room provides an additional amenity for the residential units. With its combination of commercial and residential income opportunities, excellent accessibility, attractive grounds, and prime Pasadena location, this is a compelling opportunity to add a truly distinctive asset to an investment portfolio.
No exterior & parking available.
No sensitive facilities data found.
Aug 24, 2026
$1,775,000
Initial Listing