
Pasadena, California 91104
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,387,000—positioned well below the $1,407,442 Fair Market Value by 1.45%. This valuation gap provides $20,442 in Instant Equity. With a Condition Rating of 3, the property features modern electrical and vinyl windows, offering a stable foundation for rental operations. The 8,118 sqft lot and Scenic Mountain Views enhance long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking diversified income in the Pasadena market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2152 E Washington Subject | $1,350,000* List Price | 0 | 0 | 2,376 | $566 | - |
A 1428 N Hill Ave Sold | $1,000,000 | 0 | 0 | 1,881 | $532 | 0.9 mi |
B 1419 Bresee Avenue Pending | $1,449,000 List Price | 0 | 0 | 2,181 | $664 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1948, the exterior shows clear signs of mid-term renovations (approx. 5-15 years ago) including updated vinyl windows, modern electrical panels, and a well-maintained roof and stone veneer. The property appears functional and move-in ready for tenants.
As a quadruplex in the high-demand Pasadena market, this property offers a rare opportunity for diversified rental income and long-term capital appreciation.
The property features desirable views of the San Gabriel Mountains, providing a premium aesthetic element that enhances tenant appeal and property value.
Situated on an 8,118 square foot lot, the property offers ample space for parking and potential value-add opportunities such as ADU development or landscaping improvements.
Built in 1948, the structure may require significant capital expenditures to modernize essential systems like plumbing, electrical, and roofing to meet current standards.
The list price reflects a significant increase from its last sale in 2014, which may result in a lower initial cap rate for investors compared to newer or more updated assets.
Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With it’s desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.7 |
| Square foot | 2,376 | 2,036.143 |
| Lot Size | 8,118 | 9,244.429 |
| Price | $1.35M | $1.19M |
| Price per sq ft | $568 | $581 |
| Built year | 1948 | 1937 |
| HOA | $0 | $0 |
| Days on market | 35 | 79 |
Sep 2, 2026
$1,350,000
$1,387,000
-3% Price Drop
Initial Listing
Aug 5, 2026
$1,387,000
Initial Listing
Feb 25, 2014
$820,000
Public Record
Apr 18, 2002
$375,000
Public Record