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41 S Berkeley Avenue, Pasadena, California 91107, Pasadena, 91107 - bed, bath

41 S Berkeley Avenue, Pasadena, California 91107 home-pic-0
ACTIVE$1,680,000
41 S Berkeley Avenue, Pasadena, California 91107
0Bed
0Bath
2,681Sqft
7,506Lot

Price Vs. Estimate

The estimated value ($1,150,036.175) is $529,963.825 (31%) lower than the list price ($1,680,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Income Potential: The property boasts a strong projected monthly rental income of $10,500 from its three units, offering excellent cash flow for investors.
Top Cons:
Significant Valuation Discrepancy: The current list price of $1.68M is substantially higher (31% above) the estimated property value of $1.15M, potentially indicating overpricing or a challenging appraisal.

Compared to the nearby listings

Price:$1.68M vs avg $1.55M (+$127,500)55%
Size:2,681 sqft vs avg 1,884 sqft76%
Price/sqft:$627 vs avg $8686%

More Insights

Built in 1925 (100 years old).
Condition: Despite being built in 1925, this triplex has undergone a beautiful and extensive renovation, as evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes, all in excellent condition. Bathrooms are equally updated with contemporary vanities, modern fixtures, and subway-tiled showers with glass doors. Hardwood flooring and recessed lighting are consistent throughout the units, indicating a high-quality, recent overhaul that meets current aesthetic and functional standards, making it virtually new in its presentation and condition.
Year Built
1925
Close
-
List price
$1.68M
Original List price
$1.5M
Price/Sqft
$627
HOA
-
Days on market
-
Sold On
-
MLS number
OC24224641
Home ConditionExcellent
Features
Patio
View-

About this home

This beautifully renovated triplex is nestled in a prime location in Pasadena, offering both comfort and investment potential. The property includes: Front Building (Two Units Total): Downstairs Unit: 4 bedrooms, 2 bathrooms (flexible layout—can be split into a 3BD/1BA + 1BD/1BA), projected rent: $4,500/month Upstairs Unit: 2 bedrooms, 1 bathroom, projected rent: $3,500/month Detached Rear Unit: 1 bedroom, 1 bathroom, projected rent: $2,500/month Total estimated monthly rental income: $10,500 Located in a vibrant neighborhood, this property is just a 10-minute walk from Pasadena City College (PCC), one of California’s top community colleges, and only a 10-minute drive to Old Town Pasadena, known for its shops, dining, and cultural attractions. With its strong rental income potential and ideal location, this property is perfect for both owner-occupants and investors alike.

Condition Rating
Excellent
Despite being built in 1925, this triplex has undergone a beautiful and extensive renovation, as evidenced by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplashes, all in excellent condition. Bathrooms are equally updated with contemporary vanities, modern fixtures, and subway-tiled showers with glass doors. Hardwood flooring and recessed lighting are consistent throughout the units, indicating a high-quality, recent overhaul that meets current aesthetic and functional standards, making it virtually new in its presentation and condition.
Pros & Cons

Pros

High Income Potential: The property boasts a strong projected monthly rental income of $10,500 from its three units, offering excellent cash flow for investors.
Prime & Desirable Location: Situated in a vibrant Pasadena neighborhood, it's a 10-minute walk to Pasadena City College and a 10-minute drive to Old Town Pasadena, ensuring high tenant demand and lifestyle appeal.
Multi-Unit Configuration: As a triplex, the property provides diversified income streams for investors and flexible living arrangements for owner-occupants.
Recent Renovation: Described as 'beautifully renovated,' the property likely offers modern aesthetics and reduced immediate upgrade needs for new owners or tenants.
Flexible Unit Layout: The downstairs unit's adaptable 4-bedroom, 2-bathroom layout (can be split) allows for various rental strategies or owner-occupant needs.

Cons

Significant Valuation Discrepancy: The current list price of $1.68M is substantially higher (31% above) the estimated property value of $1.15M, potentially indicating overpricing or a challenging appraisal.
Age-Related Maintenance Concerns: Built in 1925, despite renovations, the property may still have underlying older infrastructure (e.g., plumbing, electrical) not explicitly detailed as updated, leading to potential future capital expenditures.
Lack of Detailed Renovation Scope: The description is vague about the extent of the 'beautiful renovation,' leaving questions about crucial updated systems (e.g., HVAC, roof, windows) for an older multi-unit property.

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