693 Santa Barbara Street, Pasadena, California 91101, Pasadena, 91101 - bed, bath
ACTIVE$1,950,000
693 Santa Barbara Street, Pasadena, California 91101
0Bed
0Bath
3,875Sqft
10,596Lot
Year Built
1962
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
WS24235551
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.95M(67th), sqft - 3875(67th), beds - undefined(50th), baths - undefined(50th).
Great potential for investors or owner to live at front house and collect incomes from the other 3 units. Located in quiet neighborhood. Walking distance to Metro Gold Line & Lake Ave. Two Buildings with 4 Total Units. The front building has 3 bedroom plus 1 bonus room (2 bedroom and bonus room downstairs & 1 bedroom upstairs) with 3 bathroom, about 1,636 sq Ft. The other building is about 2,239 Sq Ft with three units of 2 bedroom 1 bathroom each. 100% Occupancy. This home is conveniently located to Pasadena Downtown/Freeway 210/Bus Stations/Pasadena City College/Art Center College.
Condition Rating
Fair
Built in 1962, this property is over 60 years old. The images reveal significantly dated kitchens with light wood cabinets, laminate countertops, older white appliances, and fluorescent lighting. Bathrooms also feature dated vanities and strip lighting. While the property appears maintained and is 100% occupied, indicating functionality, the key areas (kitchens and bathrooms) are aesthetically and functionally outdated, requiring substantial renovation to meet current standards. This aligns with the 'Fair' category, suggesting the home is aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
Pros & Cons
Pros
Strong Investment Potential: The property is explicitly marketed for investors or owner-occupants seeking income, with a quadruplex structure and 100% occupancy ensuring immediate rental income.
Prime Pasadena Location: Located in a quiet neighborhood with excellent walkability to the Metro Gold Line and Lake Ave, and convenient access to Pasadena Downtown, Freeway 210, bus stations, Pasadena City College, and Art Center College.
Multi-Unit Income Property: As a quadruplex, it offers diversified income streams from four separate units, providing financial stability and flexibility for an owner.
Established Rental Income: The property boasts 100% occupancy, guaranteeing immediate cash flow and reducing vacancy risk for a new owner from day one.
Generous Lot Size: A substantial 10,596 sq ft lot in a desirable Pasadena location offers potential for outdoor amenities, privacy, or future development opportunities (subject to zoning).
Cons
Age of Property: Built in 1962, the property is over 60 years old, suggesting potential for outdated infrastructure, systems (plumbing, electrical), and deferred maintenance that may require significant capital investment.
Potential for Renovation Needs: The description highlights 'great potential,' which often implies the property may require substantial renovation or modernization to maximize rental value, tenant appeal, and bring it to current market standards.
Unspecified Condition of Major Systems: No details are provided regarding the condition or age of critical systems such as roofing, HVAC, electrical, or plumbing, which could lead to unexpected repair or replacement costs for a new owner.