
Pasadena, California 91103
This High-Potential Investment Opportunity is a fully renovated, four-unit Quadruplex listed at $1,799,000, positioned well below the $1,816,624 Fair Market Value by 1%. This valuation gap offers $17,624 in Instant Equity. Featuring a Turnkey Condition Rating, the property includes modern kitchens, copper plumbing, and no soft-story retrofit requirements. With a prime location near the Rose Bowl and Brookside Golf Course, this asset is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking stable, high-demand rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 343 W Howard Street Subject | $1,799,000* List Price | 0 | 0 | 3,408 | $533 | - |
A 1325 Glen Pending | $1,599,000 List Price | 0 | 0 | 3,168 | $505 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property is in turnkey condition following a full renovation of all four units. Updates include modern kitchens with shaker cabinets and quartz countertops, remodeled bathrooms, new flooring, and significant infrastructure improvements such as copper plumbing, a relined sewer line, and double-pane windows.
The property is in exceptional condition with fully renovated interiors featuring modern kitchens, quartz countertops, and updated infrastructure including copper plumbing and relined sewer lines, minimizing immediate capital expenditure.
As a single-story quadruplex, the building does not require expensive soft-story retrofitting, providing a significant compliance and maintenance advantage over many multi-story investment properties in the area.
The inclusion of in-unit laundry, individual water heaters, and a five-space carport plus additional parking makes these units highly competitive in the Pasadena rental market, supporting high occupancy and premium rents.
At a list price of $1,799,000, the cost per unit is approximately $450,000, which may result in a lower initial capitalization rate for investors compared to less updated value-add opportunities.
The property consists entirely of 2-bedroom, 1-bathroom units, which limits the ability to capture different segments of the rental market, such as individuals seeking smaller studios or families needing three bedrooms.
Exceptional investment opportunity at 343 W Howard St, a beautifully upgraded four-unit apartment building in a highly desirable Pasadena location. This well-maintained, single-story property offers approximately 3,408 SF on an 8,802 SF lot, featuring four spacious 2-bedroom, 1-bathroom units, each approximately 850 SF. All units have been fully renovated with new flooring, modern kitchens with shaker cabinets, quartz countertops and stainless-steel appliances, remodeled bathrooms, in-unit laundry, updated lighting, and individual water heaters. Recent exterior and infrastructure improvements include new paint, double-pane windows, copper plumbing, and a relined sewer line (buyer to verify). The property includes a detached five-space carport plus an additional parking space with potential rental income, and no soft-story retrofit is required. Prime location just less than one mile from Brookside Golf Course and approximately 1.3 miles from the Rose Bowl, with easy access to Old Town Pasadena, Lake Avenue, The Paseo, shopping, dining, entertainment, and major Pasadena attractions. Turnkey condition, desirable unit mix, excellent location, and strong rental potential make this an outstanding multifamily investment opportunity.
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 | 3,408 | 2,036.143 |
| Lot Size | 8,805 | 9,244.429 |
| Price | $1.80M | $1.19M |
| Price per sq ft | $528 | $581 |
| Built year | 1964 | 1937 |
| HOA | $0 | $0 |
| Days on market | 5 | 79 |
Sep 4, 2026
$1,799,000
Initial Listing
Oct 20, 2022
$1,700,000
Public Record
Feb 13, 2020
$1,250,000
Public Record