
Pasadena, California 91107
This Value-Add Duplex is a strategic Asset listed at $1,100,000, reflecting the stability of the Pasadena market near its $1,024,564 Fair Market Value. Currently holding a Condition Rating of 5, the property offers a "clean slate" for modernization, allowing for significant forced appreciation and increased ROI. Located within a half-mile of Caltech and Pasadena City College, the site benefits from high rental demand. Featuring a bonus storage room and separate meters, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44 N Berkeley Avenue Subject | $1,100,000* List Price | 0 | 0 | 1,436 | $713 | - |
A 156 S San Marino Sold | $1,100,000 | 0 | 0 | 1,562 | $704 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941 and described as maintaining 'original character' and 'vintage charm,' the property is over 80 years old with no evidence of major renovations. The presence of window AC units suggests a lack of modern central HVAC, and the interior features dated wood paneling and older finishes. The listing explicitly identifies the property as a 'clean slate to modernize,' indicating it requires a full rehab to meet current market standards.
Located within a half-mile of Caltech and Pasadena City College, the property is positioned in a high-demand rental pocket with a consistent and reliable tenant base.
The units maintain their original vintage character, providing a 'clean slate' for investors to modernize interiors and capture significant immediate equity growth.
The front-to-back duplex configuration with separate meters and a bonus storage room offers privacy and flexibility for both owner-occupants and multi-tenant investment strategies.
The rear unit is currently leased at $1,400, which is significantly below the projected market rate of $2,000, impacting immediate cash flow and initial return on investment.
As the property retains its original 1941 condition, it likely requires substantial capital expenditure for system upgrades and cosmetic renovations to meet modern standards.
Ideally situated just three lots north of the Rose Parade route on Colorado Boulevard, 44 N Berkeley Avenue offers a strategic opportunity for both owner-users and investors seeking a foothold in the heart of Pasadena. This front-to-back duplex consists of two distinct residences on one lot, providing a unique sense of privacy and separation. The front home is a 2-bedroom, 1-bathroom residence featuring classic curb appeal and a dedicated one-car garage. To the rear, a separate 1-bedroom, 1-bathroom unit offers additional flexibility with an attached bonus storage room—an ideal space for a home office, creative studio, or fitness area. Both units maintain their original character and vintage charm, serving as a clean slate for a new owner to modernize and build immediate equity. While the front unit anchors the property’s aesthetic on the tree-lined street, the rear unit features a private backyard area, currently utilized as a vibrant vegetable garden, along with a dedicated carport. The property is designed for ease of management with separate gas and electric meters and a shared driveway split to accommodate parking for both dwellings. Beyond the immediate quiet of the neighborhood, the location offers unparalleled access to the best of Pasadena. The property is less than two miles from the premier shopping and dining destination of South Lake Avenue and only three miles from the historic energy of Old Town Pasadena. With Caltech and Pasadena City College just a half-mile away, this is a prime asset in a high-demand rental market. The front unit is currently leased at $2,700, and the rear unit is leased at $1,400 with the potential to reach market rates of approximately $2,000. Rear unit can be delivered vacant.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,436 | 1,787.5 | 50% |
| Lot Size | 5,655 | 6,687 | 33% |
| Price | $1.10M | $1.20M | 50% |
| Price per sq ft | $766 | $681 | 67% |
| Built year | 1941 | 1947 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 117 | 17% |
Apr 28, 2026
$1,100,000
Initial Listing
Aug 24, 2016
$681,000
Public Record