99 N Greenwood Avenue, Pasadena, California 91107, Pasadena, 91107 - 0 bed, 0 bath
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Pasadena, California 91107
This Strategic Residential Income Triplex is listed at $1,698,000, aligning precisely with its $1,698,000 Fair Market Value. The asset provides immediate cash flow with all three units currently occupied and is situated in a high-demand area near Pasadena Community College. While the property holds a Fair Condition Rating reflecting its 1922 infrastructure, the inclusion of Mountain Views and proximity to local amenities ensures long-term desirability. This stable income-producing asset is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers looking for a value-add opportunity in a strategic location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 99 N Greenwood Avenue Subject | $1,598,000* List Price | 0 | 0 | 3,328 | $480 | - |
A 48 50 S Parkwood Avenue Sold | $1,600,000 | 0 | 0 | 2,750 | $582 | 0.2 mi |
B 79 N Berkeley Active | $1,345,000 List Price | 4 | 2 | 2,200 | $611 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, this triplex is functional and currently fully occupied, indicating it is maintained for habitability. However, the property features century-old infrastructure and lacks evidence of a recent comprehensive renovation. The kitchens and bathrooms appear dated with older cabinetry and appliances, and the property analysis highlights aging electrical and plumbing systems as a weakness. It meets the 'fair' criteria as an aged property that is functional but shows significant signs of being outdated.
With all three units currently rented, this triplex provides immediate cash flow for investors, eliminating the initial vacancy risk often associated with new acquisitions.
The property is ideally situated near Pasadena Community College, major freeways, and local shopping centers, ensuring high tenant demand and long-term desirability.
The inclusion of mountain views adds a premium aesthetic appeal to the units, enhancing the living experience for residents and supporting property value.
Built in 1922, the property may require significant capital expenditure for maintenance or modernization of aging electrical, plumbing, and structural systems.
A $100,000 reduction from the original list price may indicate that the property was initially overpriced or that there is a need to stimulate buyer interest in the current market.
Nice location near Pasadena community college, close to freeway and shops. All 3 units are rented.
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 | 3,328 | 2,750 | 57% |
| Lot Size | 7,797 | 7,541 | 57% |
| Price | $1.60M | $1.60M | 50% |
| Price per sq ft | $480 | $582 | 14% |
| Built year | 1922 | 1953 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 100 | 101 | 43% |
Apr 19, 2026
$1,598,000
$1,698,000
-6% Price Drop
Initial Listing
Mar 13, 2026
$1,698,000
$1,598,000
+6% Price Increase
Initial Listing
Feb 21, 2026
$1,598,000
$1,698,000
-6% Price Drop
Initial Listing
Jan 12, 2026
$1,698,000
Initial Listing
Feb 16, 2024
$1,430,000
Public Record
Dec 8, 2009
$785,000
Public Record