99 N Greenwood Avenue, Pasadena, California 91107, Pasadena, 91107 - bed, bath
ACTIVE$1,698,000$3,328/sqft
99 N Greenwood Avenue, Pasadena, California 91107
0Bed
0Bath
3,328Sqft
7,797Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: All three units are currently rented, providing immediate and stable rental income for an investor.
Top Cons:
Advanced Age of Property: Built in 1922, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and the need for substantial capital expenditures for renovations.
Compared to the nearby listings
Price:$1.70M vs avg $1.70M (+$0)50%
Size:3,328 sqft vs avg 3,328 sqft50%
Price/sqft:$510 vs avg $58020%
More Insights
Built in 1922 (104 years old).
Condition: Despite being built in 1922, the property shows signs of recent and significant updates, making it move-in ready. The interior features new laminate flooring throughout, fresh paint, and updated bathrooms with modern tile and clean fixtures. The kitchen, while retaining some older cabinet styles, has been refreshed with painted cabinets, new countertops, and a newer stainless steel dishwasher. Modern split AC units are visible, providing updated cooling. The overall condition reflects a well-maintained property with recent renovations, aligning with the 'Good' criteria for being move-in ready with no immediate renovation required.
Year Built
1922
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$510
HOA
-
Days on market
-
Sold On
-
MLS number
WS26006887
Home ConditionGood
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
Nice location near Pasadena community college, close to freeway and shops. All 3 units are rented.
R
ROBERT HUANG
Listing Agent
Price History
Date
Event
Price
02/16/24
Sold
$1,430,000
12/08/09
Sold
$785,000
Condition Rating
Good
Despite being built in 1922, the property shows signs of recent and significant updates, making it move-in ready. The interior features new laminate flooring throughout, fresh paint, and updated bathrooms with modern tile and clean fixtures. The kitchen, while retaining some older cabinet styles, has been refreshed with painted cabinets, new countertops, and a newer stainless steel dishwasher. Modern split AC units are visible, providing updated cooling. The overall condition reflects a well-maintained property with recent renovations, aligning with the 'Good' criteria for being move-in ready with no immediate renovation required.
Pros & Cons
Pros
Income-Generating Asset: All three units are currently rented, providing immediate and stable rental income for an investor.
Prime Location: Situated in a desirable Pasadena location near Pasadena Community College, freeways, and shops, offering excellent tenant appeal and convenience.
Multi-Unit Investment: As a triplex, it offers diversified income streams and potential for higher overall returns compared to single-family residences.
Scenic Mountain Views: The property boasts mountain views, enhancing its aesthetic appeal and potentially its market value.
Generous Lot Size: With a lot size of 7,797 sqft, there's ample outdoor space or potential for future enhancements, subject to local zoning.
Cons
Advanced Age of Property: Built in 1922, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and the need for substantial capital expenditures for renovations.
Unspecified Interior Condition/Updates: The description lacks details on recent renovations or interior condition, implying that significant updates may be required to modernize units and maximize rental income or resale value.
Potential Lack of Modern Amenities: Given its 1922 construction, it's highly probable that modern amenities such as central air conditioning are absent, which could be a significant drawback for tenants during warmer months in Pasadena.