Est. cap rate

3.2%

Assumed rent, all units

$6,960/mo

Units

2

Price per unit

$649,500

Est. annual NOI

$41,760

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

2

Building size

2,200 sqft

Lot size

6,045 sqft

Year built

1929

Stories

1

Garage spaces

2

Style

Spanish

Heating

Central

Cooling

Central Air

Pool

None

View

Mountain(s)

Status

Active

Days on market

185

MLS #

239354746

About this property

**MAJOR PRICE REDUCTION! Delivered VACANT at the Close of Escrow!** A rare opportunity to own a move-in-ready duplex in one of Pasadena's most sought-after neighborhoods. Whether you're looking to live in one unit and rent the other, create a multigenerational living arrangement, or maximize rental income with tenants of your choice, this property offers exceptional flexibility from day one. The property features two spacious residences, each offering approximately 1,111 square feet with 2 bedrooms and 1 bathroom. Both units feature comfortable, functional floor plans with central heating and air conditioning, bright living rooms with charming fireplaces, dedicated laundry rooms, dining rooms, and private one-car garages. The property also includes a private side & back yard, providing additional outdoor living space. With the property being delivered completely vacant, you'll have the freedom to renovate, occupy, or lease both units immediately without the challenges of existing tenants. Combined with the recent substantial price reduction, this is an outstanding opportunity for both investors and owner-occupants seeking long-term value in one of Southern California's most desirable communities. Conveniently located near Pasadena City College, Old Town Pasadena, shopping, restaurants, parks, and major commuter routes, this is a property that offers both lifestyle and investment potential. Opportunities like this are becoming increasingly difficult to find in Pasadena—don't miss your chance.

Location

79 N Berkeley

Pasadena, Los Angeles, CA, 91107