Est. cap rate

2.6%

Assumed rent, all units

$7,350/mo

Units

3

Price per unit

$563,333

Est. annual NOI

$44,100

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

Triplex

Bedrooms

3

Building size

2,397 sqft

Lot size

8,488 sqft

Year built

1948

Stories

1

Garage spaces

3

Style

Traditional

Heating

Forced Air

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249007567

About this property

Charming Pasadena Triplex | Excellent Investment OpportunityIdeally situated just north of Washington BLVD (President Street Neighborhood) in Northeast Pasadena, this triplex presents an excellent opportunity for investors and owner-occupants alike. Offering three residential units, the property provides the potential for rental income, multi-generational living, or an owner-user seeking to offset housing expenses.The front duplex consists of two one-bedroom units, each approximately 800 square feet, complemented by a two-car garage. Privately situated at the rear of the property, the stand-alone approximate 800 square-foot 1-bedroom house offers its own private yard and a one-car garage, creating a distinct living environment with added privacy and outdoor space. Recent improvements include newer HVAC systems, newer roofs, adding value and peace of mind for the next owner. Each unit has its own washer and dryer, gorgeous hardwood flooring, and period details. Conveniently located near local shopping, dining, and neighborhood amenities, this property offers an excellent opportunity to own a multi-unit property in a Residential Pasadena neighborhood. The combination of pristine interiors, separate living spaces, garage parking, and private outdoor space makes this a compelling investment with potential for long-term income and appreciation.Don't miss your chance to own this exceptional property as Opportunities like this don't come around too often! The Back duplex will be delivered Vacant. The other 2 units are tenant occupied.

Location

1371 N Grand Oaks Avenue

Pasadena, Los Angeles, CA, 91104