
Pasadena, California 91107
This classic 1929 Spanish-style duplex represents a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,238,256 Fair Market Value by 5%. This valuation gap provides $63,256 in Instant Equity. With a Condition Rating of 4, the property features significant recent system upgrades, including new HVAC and water heaters, while offering cosmetic upside. Its vacant delivery and versatile layout make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset housing costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 79 N Berkeley Avenue Subject | $1,175,000* List Price | 4 | 2 | 2,200 | $563 | - |
A 414 Ne Linda Rosa Ave 416 Sold | $1,400,000 | 4 | 3 | 2,139 | $655 | 0.4 mi |
B 67 N Oak Active | $1,199,800 List Price | 0 | 0 | 2,400 | $500 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts excellent recent system upgrades including new HVAC, water heaters, and some electrical work, the overall interior condition is dated. The kitchens feature older cabinetry and tile, and living areas show aged ceiling tiles and finishes consistent with a 1920s structure that has not had a full cosmetic renovation in over 20 years.
Both units will be delivered vacant at the close of escrow, providing a rare opportunity for an owner-user to move in immediately or for an investor to set market-rate rents without tenant relocation issues.
The property features significant recent improvements, including new central air conditioning systems, new furnaces, and new water heaters, greatly reducing immediate capital expenditure for the buyer.
This classic 1929 Spanish-style duplex offers exceptional flexibility for multi-generational living, house-hacking, or a high-demand rental addition to a portfolio in a prime Pasadena location.
While major systems are updated, the interior spaces are noted as having 'potential to customize,' suggesting that cosmetic upgrades are likely needed to achieve top-of-market value.
Each 1,100-square-foot unit contains only one bathroom, which may be a drawback for modern families or tenants accustomed to more contemporary layouts.
Rare opportunity to own a Pasadena duplex offering exceptional flexibility for an owner-user, investor, or multi-generational household. Both units to be delivered vacant at close of escrow, providing the new owner with the opportunity to establish their own rental terms, occupy one unit while renting the other, or utilize both residences to suit their individual needs. The property features two separate 2-bedroom, 1-bathroom units, each approximately 1,100 square feet, with spacious and functional floor plans and plenty of potential to customize and make your own. Important improvements have already been completed throughout the property. Both units feature new furnaces, new central air conditioning systems, and new water heaters. Unit 81 also features a new shower and updated electrical wiring, adding significant value while preserving the character of this classic Spanish style 1926 Pasadena property. Whether you're looking for an owner-user opportunity with the potential to offset housing expenses, a multi-generational living arrangement, or an addition to your investment portfolio, this duplex offers tremendous versatility. Conveniently located near Pasadena City College, Pasadena's shopping, dining, entertainment, schools, transportation, and major commuter routes. A unique opportunity to own two residences on one property, with both units to be delivered vacant at close of escrow and several major system upgrades already completed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 2,200 | 2,036.143 |
| Lot Size | 6,045 | 9,244.429 |
| Price | $1.18M | $1.19M |
| Price per sq ft | $534 | $581 |
| Built year | 1929 | 1937 |
| HOA | $0 | $0 |
| Days on market | 18 | 79 |
Aug 22, 2026
$1,175,000
Initial Listing