482 S Arroyo 410, Pasadena, California 91105, Pasadena, 91105 - 1 bed, 1 bath
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Pasadena, California 91105
This Turnkey Income-Producing Asset is listed at $780,000, positioned at a premium relative to the $696,712 Fair Market Value due to its immediate cash-flow status and long-term tenant security. Boasting a Good Condition Rating, the 2015-built unit features a Modern Quartz Kitchen, stainless steel appliances, and Dual Private Balconies. With a secure lease in place through 2027 generating $2,810 monthly income, this property ensures a seamless transition for the new owner. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking long-term value in Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 482 S Arroyo 410 Subject | $739,000* List Price | 1 | 1 | 750 | $905 | - |
A 482 S Arroyo 306 Sold | $811,000 | 1 | 1 | 920 | $882 | 0.0 mi |
B 238 S Arroyo Parkway 316 Active | $529,000 List Price | 1 | 1 | 590 | $897 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2015, the property is approximately 11 years old, placing it in the 'Good' category (10-20y). It is in turnkey, move-in ready condition with a modern kitchen featuring quartz countertops and stainless steel appliances, high-end bathroom finishes, and contemporary systems.
The property serves as a turnkey investment with a secure lease in place through 2027, providing a consistent and immediate monthly income of $2,810.
Built in 2015, the unit features high-end upgrades including premium quartz countertops, stainless steel appliances, and two private balconies with glass railings.
Situated in a highly desirable area near Whole Foods, Trader Joe's, and major commuter routes, the location ensures strong long-term value and tenant demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17424, other record lot size in square feet = 17510.
The property includes only one assigned parking space and explicitly offers no guest parking, which may be a significant inconvenience for residents and visitors.
The listing relies on images taken prior to 2022, meaning the current interior condition under the long-term tenant is not fully transparent to potential buyers.
Turnkey Pasadena investment with immediate $2,810/month rental income and a secure lease in place through 2027.Welcome to this beautifully maintained luxury condo located in one of Pasadena's most desirable areas. This inviting residence offers a functional layout. This charming 1 bedroom 1 bathroom home features a bright sun filled living room and open floor kitchen with premium natural quartz countertops, stainless steel appliances, recessed lights, movable kitchen island and ample cabinetry. Enjoy two private balconies with glass railings, Perfect for indoor & outdoor living. The primary bedroom includes a walk-in closet, and the bathroom offers an oversized soaking bathtub. One assigned parking space (#2). No guest parking. The unit is currently leased to a long term tenant since February 2022 with a proven history of consistent, on time rent payments. The existing lease will remain in effect and rental income will transfer to the new owner at the close of escrow, making this a seamless income producing investment. Ideally situated near Whole Foods, Trader Joe's, Arroyo Chop House as well as shopping, dining and major commuter routes, this property offers both convenience and long term value. Some images are from a previous listings and were taken prior to 2022, they may not reflect the current condition of the property. The furniture and decor shown are not included and are for illustrative purposes only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 750 | 1,736 | 11% |
| Lot Size | 17,424 | 17,470 | 50% |
| Price | $739.0K | $1.31M | 11% |
| Price per sq ft | $985 | $738 | 93% |
| Built year | 2015 | 1974 | 82% |
| HOA | $654.75 | $1.0K | 25% |
| Days on market | 53 | 104 | 11% |
May 6, 2026
$739,000
$780,000
-5% Price Drop
Initial Listing
Apr 24, 2026
$780,000
Initial Listing
Sep 30, 2016
$605,000
Public Record