254 E Glenarm Street, Pasadena, California 91106, Pasadena, 91106 - bed, bath
ACTIVE$2,228,000
254 E Glenarm Street, Pasadena, California 91106
0Bed
0Bath
2,984Sqft
7,606Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property is a multi-unit residential income property consisting of a duplex and a separate single-family house, all currently occupied by 'good tenants,' providing immediate and diversified rental income streams.
Top Cons:
Age-Related Capital Expenditures: Built in 1916, the property is over a century old, which may necessitate significant future capital expenditures for updating major systems (e.g., plumbing, electrical, roofing, foundation) to modern standards, despite being 'well-maintained'.
Compared to the nearby listings
Price:$2.23M vs avg $1.30M (+$929,935.5)75%
Size:2,984 sqft vs avg 2,304 sqft50%
Price/sqft:$747 vs avg $57350%
More Insights
Built in 1916 (109 years old).
Condition: This property, built in 1916, is over a century old. While described as 'well-maintained' and featuring 'original hardwood floors and built-in cabinets' that add character, the overall condition reflects its age with piecemeal updates rather than a comprehensive modern renovation. The kitchen, despite having updated countertops and a subway tile backsplash, features dated dark wood cabinets and an older white gas range. The presence of window AC units indicates a lack of central cooling, which is a significant outdated feature. One bathroom appears more recently updated with modern tile and vanity, but this doesn't elevate the entire property to a 'Good' rating. The property is functional and clean, but many components show signs of being outdated, aligning with the 'Fair' criteria of an aged home maintained through regular upkeep and occasional updates, requiring minor updates or repairs to meet modern standards.
Year Built
1916
Close
-
List price
$2.23M
Original List price
$2.23M
Price/Sqft
$747
HOA
-
Days on market
-
Sold On
-
MLS number
WS25139601
Home ConditionFair
Features
View-
About this home
Desirable and convenient Madison Heights location. Well-maintained duplex plus a one-story single house. Detached 2 car garage for duplex, one parking spot per unit, plus an additional parking space outside for each unit. Duplex appx 1100 sqft each unit: 2 br. a full bath, Balcony upstairs, living room, kitchen, utility room with own washer and dryer. Original Hardwood floors and built in cabinets.All 3units are occupied by good tenants. Back house has a living room, a bedroom, small den, kitchen, and full bath, plus one parking space. Detached storage within its own private yard which is currently used as an office/storage by the back tenant.
Condition Rating
Fair
This property, built in 1916, is over a century old. While described as 'well-maintained' and featuring 'original hardwood floors and built-in cabinets' that add character, the overall condition reflects its age with piecemeal updates rather than a comprehensive modern renovation. The kitchen, despite having updated countertops and a subway tile backsplash, features dated dark wood cabinets and an older white gas range. The presence of window AC units indicates a lack of central cooling, which is a significant outdated feature. One bathroom appears more recently updated with modern tile and vanity, but this doesn't elevate the entire property to a 'Good' rating. The property is functional and clean, but many components show signs of being outdated, aligning with the 'Fair' criteria of an aged home maintained through regular upkeep and occasional updates, requiring minor updates or repairs to meet modern standards.
Pros & Cons
Pros
Income-Generating Asset: The property is a multi-unit residential income property consisting of a duplex and a separate single-family house, all currently occupied by 'good tenants,' providing immediate and diversified rental income streams.
Prime Location: Situated in the 'desirable and convenient Madison Heights location' in Pasadena, known for its strong rental demand and potential for property value appreciation.
Historic Charm and Features: The duplex units boast 'Original Hardwood floors and built in cabinets,' adding character and appeal that is often sought after in historic Pasadena properties.
Ample Parking & Tenant Amenities: The property offers generous parking with a detached 2-car garage, additional outdoor spaces for each duplex unit, and a dedicated spot for the back house. Duplex units also include private utility rooms with washer/dryer hookups, enhancing tenant convenience.
Well-Maintained Property: Described as a 'well-maintained duplex,' suggesting a property that has received care, potentially reducing immediate repair needs for a new owner.
Cons
Age-Related Capital Expenditures: Built in 1916, the property is over a century old, which may necessitate significant future capital expenditures for updating major systems (e.g., plumbing, electrical, roofing, foundation) to modern standards, despite being 'well-maintained'.
Lack of Central Air Conditioning (Implied): The property description does not mention any cooling system, which is a significant amenity in Southern California and could be a drawback for tenant comfort and market competitiveness.
Varied Unit Quality/Size: While duplex units are 2BR/1BA and approximately 1100 sqft, the back house is described with a 'small den' and its square footage is not specified, potentially indicating a smaller or less desirable unit that could impact overall rental income consistency or tenant pool.