Est. cap rate

2.4%

Assumed rent, all units

$5,520/mo

Units

2

Price per unit

$700,000

Est. annual NOI

$33,120

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

2,188 sqft

Lot size

5,805 sqft

Year built

1923

Garage spaces

2

Style

Spanish

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

None

Status

ComingSoon

Days on market

0

MLS #

249143677

About this property

Rare South Pasadena fixer-upper Spanish style duplex ready for a complete renovation! This value-add opportunity features a formal shared entryway providing access to both the upper and lower units. Unit 403 (lower level) offers 2 bedrooms, 1 bathroom, and approximately 1,094 square feet living space. The floor plan includes a spacious living room with a fireplace, a kitchen with a breakfast nook, a separate laundry room with backyard access, and two bedrooms connected by a hallway with a centrally located bathroom. Unit 405 (upper level) also features 2 bedrooms, 1 bathroom, and approximately 1,094 square feet with a similar layout. The generous backyard includes a detached two-car garage, extra parking spaces in the backyard and additional off-street parking. With a roof approximately three years old, this property presents an excellent opportunity for investors, contractors, or buyers looking to restore and reimagine a duplex in one of the area's most sought-after communities. Conveniently located near popular South Pasadena shops, restaurants, parks, and recreation, including Trader Joe's, Arroyo Seco Golf Course, Orange Grove Park, and South Pawsadena Dog Park, with easy access to the 110 Freeway. Located within the highly regarded South Pasadena Unified School District. Don't miss this diamond in the rough with tremendous upside potential. (More professional photos will be taken later this week).

Location

403 Mission Street

South Pasadena, Los Angeles, CA, 91030