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Exceptional opportunity to own a duplex in the heart of Pasadena, ideal for investors, developers, or owner-users seeking value-add potential. Hitting a target cap rate of 9-12% is doable depending on your strategy with the upside in rents and additional unit(s). Located north of the 210 freeway, this gem sits on a generous lot, offering tremendous upside and flexibility for future expansion. Both units are to be delivered vacant, making this a perfect blank slate to renovate, rent, or reimagine. With ample lot space, there may be potential to add an ADU, a third unit, or explore other development opportunities (buyers to independently verify with the City of Pasadena regarding zoning, density, and building regulations). Located on a picturesque tree-lined street near Pasadena City College, Caltech, and vibrant shops and dining on Lake Avenue, this property is a rare find in a great location with plenty of upside. Don't miss this chance to transform a fixer into a profitable long-term investment or develop sell at a premium disposition price.
Property Type(s):
Residential Income
| Last Updated | 6/12/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 646 - Pasadena (NE) | County | Los Angeles |
Additional Details
| AREA | 646 - Pasadena (NE) |
|---|---|
| HEAT | Wall Furnace |
| LOT | 8080 sq ft |
| PARKING | Detached Carport |
| STORIES | 1 |
| STYLE | Traditional |
| VIEW DESCRIPTION | None |
Location
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Listed with Keller Williams Realty Los Feliz
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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