
Pasadena, California 91103
This Pasadena Duplex with Approved ADU Expansion is a Prime Investment Opportunity listed at $1,499,000—positioned well below the $1,848,639 Fair Market Value by 18%. This valuation gap provides $349,639 in Instant Equity. The property features a Turnkey Condition Rating for the remodeled rear unit and includes an approved permit to create a high-yield triplex. With Mountain Views, a rare four-car garage, and location within the Pasadena Unified School District, it offers both immediate cash flow and long-term appreciation. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 303 W Howard Subject | $1,499,000* List Price | 5 | 4 | 2,880 | $642 | - |
A 1070 Marengo Avenue N Sold | $1,352,000 | 4 | 5 | 2,107 | $642 | 0.9 mi |
B 1380 Glen Avenue Active | $1,199,997 List Price | 5 | 3 | 1,928 | $622 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition. The rear unit has been completely remodeled within the last 60 days, featuring modern wide-plank flooring, recessed lighting, and updated bathrooms with contemporary vanities. While the front unit retains some older stylistic elements, it is well-maintained with functional systems, including central air conditioning and heating in both units.
The property comes with an approved permit to expand from a duplex to a triplex by adding a 749 sq. ft. unit, offering a clear path to increased equity and rental yield.
The rear unit has been completely remodeled within the last 60 days with new flooring, paint, and upgraded bathrooms, allowing for immediate occupancy or premium market rent without initial renovation costs.
Featuring a rare four-car garage and a gated lot, the property provides ample secure parking and storage, which is a highly sought-after and competitive feature in the Pasadena rental market.
While the rear unit is newly renovated, the larger 1,736 sq. ft. front unit and its unfinished basement may require additional capital improvement to match the rear's quality and maximize total property value.
Realizing the property's full income potential requires the buyer to fund and manage the construction of the third unit, involving project risks and additional out-of-pocket expenses beyond the purchase price.
Prime Pasadena Duplex + Approved ADU Permit – This well-maintained, gated duplex offers a rare opportunity to own a versatile income property with an approved permit to expand from two units to three. The property currently features two spacious units totaling approximately 2,880 square feet, plus an approved permit for a third unit adding an additional 749 square feet. The property also includes an attached studio unit and a FOUR CAR GARAGE. The front unit offers approximately 1,736 square feet with 3 bedrooms and 2 bathrooms, providing generous living space ideal for an owner-occupant or premium rental income. The front unit also features an unfinished basement. The rear unit, completely remodeled within the last 60 days features approximately 1,144 square feet with 2 bedrooms and 2 bathrooms. Updated with new flooring, fresh interior paint, upgraded bathrooms and new toilets throughout, making it truly turnkey. There is a separate, centralized laundry facility for rear units fully equipped with water, gas and electric. Opportunity to use the onsite laundry facility to generate additional income. Both units have central air conditioning and heat. There are separate gas and electric meters as well as trash service. It also offers excellent potential for owner-occupants interested in house hacking by living in one unit while generating income from the others. Conveniently located near Pasadena’s renowned dining, shopping, cultural attractions, and major transportation routes, this property combines prime location, strong income potential, and future upside. Don’t miss this exceptional opportunity to acquire a turnkey duplex with laundry facility and approved expansion potential for third unit in one of Southern California’s most sought-after markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 2.0 | 67% |
| Baths | 4.0 | 1.0 | 67% |
| Square foot | 2,880 | 2,011 | 67% |
| Lot Size | 8,826 | 7,813 | 83% |
| Price | $1.50M | $1.33M | 67% |
| Price per sq ft | $520 | $506 | 50% |
| Built year | 1924 | 1917 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 171 | 17% |
Feb 27, 2026
$1,499,000
Initial Listing
Aug 31, 2010
$365,003
Public Record
Aug 5, 1996
$135,000
Public Record