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Fri

Jun

Sat

Jun

Sun

Jun

Brent Blay

brentblay@parkregency.com +1(909) 641-8751

$ 945,000

Est. payment | -/mo

4 Beds

2 Baths

2,052 SqFt

Save

$ 945,000

Est. payment | -/mo

Save

4 Beds

2 Baths

2,052 SqFt

OPEN HOUSE

Sat Jun 14, 12:00pm - 2:00pm

Sun Jun 15, 12:00pm - 2:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,052 sqft

Price per Sqft $460

MLS Listing ID 25551647

Bedrooms 4

HOA Y/N No

Lot Size 8,080 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Zoning PSR4

Rooms

Other Rooms Shed(s)

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area, Outside

Exterior

Parking Features Detached Carport

View Y/N No

View None

Attached Garage No

Total Parking Spaces 4

Building

Faces West

Story 1

Entry Level One

Architectural Style Traditional

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5732018042

Special Listing Condition Standard

Listed by Brock J Worthen • Keller Williams Realty Los Feliz

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(909) 641-8751

brentblay@parkregency.com

11175 Azusa Ct, Rancho Cucamonga, CA, 91730, USA

432 N Mentor AVE Pasadena, CA 91106

Brent Blay

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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432 N Mentor AVE