70 S Parkwood, Pasadena, California 91107, Pasadena, 91107 - 0 bed, 0 bath
Loading property details...
Pasadena, California 91107
This Well-Maintained Triplex is listed at $1,275,000—positioned well below the $1,294,620 Fair Market Value by 1%. This valuation gap provides $19,620 in Instant Equity for the incoming owner. Featuring a 3-bedroom front residence and two private units, the property holds a Condition Score of 4 and offers a partial mountain view. Located near Cal Tech and Pasadena City College, it ensures high rental demand and operational efficiency with separate utility meters. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 70 S Parkwood Subject | $1,275,000* List Price | 0 | 0 | 2,320 | $558 | - |
A 48 50 S Parkwood Avenue Sold | $1,600,000 | 0 | 0 | 2,750 | $582 | 0.0 mi |
B 414 Ne Linda Rosa Ave 416 Sold | $1,400,000 | 4 | 3 | 2,139 | $655 | 0.6 mi |
C 79 N Berkeley Active | $1,350,000 List Price | 0 | 0 | 2,222 | $608 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this triplex is well-maintained but significantly dated. Kitchens and bathrooms appear to be over 20 years old with basic fixtures, and the presence of window AC units indicates a lack of modern central HVAC. While the roof on the back units is newer, the overall interior condition and systems require updates to meet modern standards.
The property is ideally located near Pasadena City College and Cal Tech, ensuring high rental demand and a consistent pool of potential tenants from the local academic community.
The configuration of a large 3-bedroom front house paired with two 1-bedroom units offers an excellent 'house hacking' opportunity for an owner-occupant to offset their mortgage with rental income.
All units are separately metered for gas and electricity with tenants paying their own utilities, significantly reducing the owner's overhead and simplifying property management.
Built in 1960, the property may require ongoing maintenance or capital expenditures for aging systems such as plumbing and electrical that have not been recently modernized.
With a list price of $1.275M, the initial capitalization rate may be compressed for pure investors until market rents are fully optimized across all three units.
Excellent opportunity to purchase a triplex near transportation, Pasadena City Collage and Cal Tech., Live in the front house and rent the back units, newer roof back units and carpet , well maintained property. The front house features 3 bedrooms 2 baths plus an attached large storage area/laundry room accessible from the house, back units are One bedroom each with full baths each unit has it's own small private yard, all separately metered for gas and electricity, tenants pay for all utilities.
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 | 2,320 | 2,139 | 60% |
| Lot Size | 8,162 | 7,541 | 60% |
| Price | $1.27M | $1.27M | 50% |
| Price per sq ft | $550 | $655 | 20% |
| Built year | 1960 | 1953 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 121 | 20% |
Apr 23, 2026
$1,275,000
Initial Listing