43 Palmetto, Pasadena, California 91105, Pasadena, 91105 - 0 bed, 0 bath
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Pasadena, California 91105
Analysis of 43 Palmetto, Pasadena, California 91105 is currently available with a list price of $1,150,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1906, is a duplex with two houses on one lot, marketed for investment potential. While the back unit is described as 'move-in ready,' the overall condition appears to be fair due to its age. The kitchen images show older cabinetry, tile flooring, and what appear to be older appliances, suggesting a need for updates. The living room shows a window AC unit, indicating the primary cooling system might be outdated or supplemental. Given the significant age of the property and the visible signs of dated finishes in the kitchen, it requires minor updates and repairs to meet modern standards, aligning with the 'fair' condition criteria.
This property features two separate units (3 bed/1 bath front house and 1 bed/1 bath back house) on a single lot, offering significant cash flow and investment opportunities with strong pro-forma rent increases.
Situated in a highly desirable Pasadena neighborhood, this property benefits from excellent location desirability, which typically translates to strong rental demand and property value appreciation.
The back unit is described as 'move-in ready' and not a fixer, providing immediate rental income without requiring upfront renovation costs.
The front unit's actual rent ($2575) is significantly lower than its pro-forma rent ($3875), indicating a potential need for renegotiation or tenant turnover to achieve full market potential.
The back unit's pro-forma rent ($2500) is substantially higher than its current rent ($825), suggesting a potential need for significant upgrades or a change in market conditions to justify such an increase.
Built in 1906, the property may require ongoing maintenance and potential upgrades to systems and finishes common in older homes.
OPEN HOUSE SUNDAY SUNDAY 2/8/26 1-4 PM ATTENTION INVESTORS ,CASH FLOW CASH FLOW ,LOCATION , LOCATION BEST PASADENA NEIGHBORHOOD BUILD YOUR EQUITY .2 HOUSES ON 1 LOT FRONT 3 BR 1 BATH , BACK HOUSE 1 BR MOVE IN READY NOT A FIXER. 3-1 FRONT ACTUAL RENT $2575 PROFORMA $3875 1-1 BACK ACTUAL RENT $825 proforma $2500
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 1,442 | 1,610.5 | 50% |
| Lot Size | 5,316 | 6,707.5 | 50% |
| Price | $1.15M | $950.0K | 50% |
| Price per sq ft | $798 | $610 | 50% |
| Built year | 1906 | 1905 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 180 | 215 | 50% |
Dec 8, 2025
$1,150,000
Initial Listing