Est. cap rate

3.7%

Assumed rent, all units

$4,900/mo

Units

2

Price per unit

$399,500

Est. annual NOI

$29,400

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

1,526 sqft

Lot size

7,178 sqft

Year built

1957

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

0

MLS #

249315603

About this property

This multi-family duplex is located in the Garfield Heights area of Northwest Pasadena, a quiet and well-connected neighborhood. Just minutes from Old Town Pasadena, the Rose Bowl Stadium, and local parks, it also offers easy access to schools, supermarkets, retail shops, public transit, and various local amenities. A central location and strong rental appeal. This duplex includes two separate units totaling approximately 1,526 sq.ft. Together, they offer 4 bedrooms and 2 bathrooms, with separate electric, gas, and water meters. A wide concrete driveway provides shared on-site parking. Front Unit-Built in 1957, this unit includes 2 bedrooms, 1 bathroom, approx. 704 sq.ft. of living space, a spacious front yard, updated countertops, ample natural light, and in-unit laundry. Back Unit - Built in 1921, the back unit offers 2 bedrooms and 1 bathroom across 822 sq.ft. It features a large laundry room, basement for extra storage or utility use, upgraded electrical, newer vinyl windows, refreshed fireplace, and a nearby vintage carriage-style structure for added storage or creative use. With its prime location, functional layout, and recent updates, this duplex is a valuable investment. Whether you plan to live in one unit and lease the other, or hold it for rental income and future growth, it delivers long-term value in one of Pasadena’s most desirable markets.

Location

1062 Worcester Avenue

Pasadena, Los Angeles, CA, 91104