
Pasadena, California 91107
This Turnkey Triplex represents a Strong Value Opportunity, listed at $1,390,000—positioned above the $1,335,598 Fair Market Value. While priced slightly above the estimated market value, the property’s Good Condition Rating and extensive 2011 renovations—including updated electrical, plumbing, and Granite Kitchens—ensure immediate operational stability. The high-demand configuration of a 3-bedroom front house and two 1-bedroom units provides excellent rental versatility. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property in a prime Pasadena location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2178 Corson Street Subject | $1,390,000* List Price | 0 | 0 | 2,085 | $642 | - |
A 414 Ne Linda Rosa Ave 416 Sold | $1,400,000 | 4 | 3 | 2,139 | $655 | 0.2 mi |
B 79 N Berkeley Avenue Active | $1,175,000 List Price | 4 | 2 | 2,200 | $534 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent an extensive permitted renovation in 2011 (15 years ago relative to the 2026 listing date), which includes updated electrical, plumbing, and roofing. Kitchens and bathrooms feature granite countertops and custom cabinetry from that period. While well-maintained and turnkey, the age of the renovation falls within the 5-15 year 'Good' window rather than the 'Excellent' category.
The property underwent significant permitted upgrades in 2011, including new electrical, plumbing, roofing, and dual-pane windows, significantly reducing immediate capital expenditure for a new owner.
The triplex layout includes a large 3-bedroom front house and two 1-bedroom units, all featuring private yards and detached garage parking, which are premium amenities that drive high tenant retention and rental rates.
Situated on a generous 9,918 square foot lot near Downtown Pasadena and public transportation, the property offers excellent long-term land value and ease of leasing in a high-demand submarket.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9918, other record lot size in square feet = 9721.
The two rear units are relatively small at approximately 526 square feet each, which may limit the tenant pool to individuals or couples and cap the maximum achievable rent per unit.
Despite the 2011 renovations, the original 1924 construction may still present maintenance challenges inherent to century-old buildings that were not addressed during the cosmetic and system updates.
One unit will be delivered vacant. Exceptional opportunity to own a beautifully renovated triplex in a convenient Pasadena location. Extensively updated with permitted additions and improvements completed in 2011, this well-maintained income property features upgraded electrical and plumbing systems, new kitchens with granite countertops and custom cabinetry, remodeled bathrooms, new flooring, dual-pane windows, new roofing, and numerous additional improvements. The front unit offers approximately 1,053 square feet of living space with 3 bedrooms and 1 bathroom (LA county profile shows 2 bedrooms, a spacious living room, and a generously sized kitchen. The beautifully landscaped front yard features lush lawn, mature shrubs, and colorful flowers, while a private yard and detached two-car garage provide added convenience and privacy. The two rear units are identical in layout, each offering approximately 526.5 square feet with 1 bedroom and 1 bathroom, a private yard, a detached one-car garage, and an in-unit laundry area for everyday convenience. The property also features a newer driveway with ample additional parking, making it ideal for both owner-occupants and investors. Conveniently located near Downtown Pasadena, shopping, restaurants, and public transportation, this turnkey triplex presents an outstanding opportunity for rental income or multi-generational living.
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 | 2,085 | 2,036.143 |
| Lot Size | 9,918 | 9,244.429 |
| Price | $1.39M | $1.19M |
| Price per sq ft | $667 | $581 |
| Built year | 1924 | 1937 |
| HOA | $0 | $0 |
| Days on market | 48 | 79 |
Jul 23, 2026
$1,390,000
Initial Listing