Est. cap rate

2.3%

Assumed rent, all units

$4,500/mo

Units

2

Price per unit

$594,444

Est. annual NOI

$27,000

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

2

Building size

2,183 sqft

Lot size

5,708 sqft

Year built

1924

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

99

MLS #

244721007

About this property

A RARE PASADENA CORNER-LOT DUPLEX WITH THE PRIVACY AND FUNCTIONALITY OF TWO SEPARATE HOMES! Ideally positioned at the corner of Mentone Avenue and West Hammond Street, this unique property offers two residences with individual street presence, separate driveways and dedicated garage access—an exceptional arrangement for an owner-occupant, extended household or investor. The Mentone Avenue residence features 2 bedrooms, 1 bathroom and a private one-car garage. Facing West Hammond Street, the second residence offers 3 bedrooms, 2 bathrooms and an impressive three-car garage. Because each home faces a different street, the property provides a level of separation, privacy and independence rarely found in a traditional duplex. Live in one residence while generating income from the other, create a multigenerational living arrangement, or add a distinctive Pasadena income property to your portfolio. The expansive garage capacity also provides valuable parking, storage and workspace possibilities. Conveniently located in Northwest Pasadena with access to Old Pasadena, the Rose Bowl, local shopping, dining, transportation and major commuter routes. Two homes, two driveways, four garage spaces and one outstanding opportunity—this is Pasadena duplex living with exceptional versatility.

Location

1164 Mentone

Pasadena, Los Angeles, CA, 91103