Prime Pasadena Duplex with Approved Expansion Permit – Rare Value-Add Opportunity
Located in one of Pasadena’s most desirable neighborhoods, this well-maintained, gated duplex offers a rare opportunity to own a versatile income property with an approved permit to expand from two units to three. The property currently features two spacious units… Read More totaling approximately 2,880 square feet, plus an approved permit for a third unit adding an additional 749 square feet. The property also includes an attached studio unit. The front unit offers approximately 1,736 square feet with 3 bedrooms and 2 bathrooms, providing generous living space ideal for an owner-occupant or premium rental income. The front unit also features an unfinished basement. The rear unit features approximately 1,144 square feet with 2 bedrooms and 2 bathrooms and has been recently updated with new flooring, fresh interior paint, upgraded and brand-new bathroom vanities, and new toilets throughout, making it truly turnkey. There is a separate, centralized laundry facility for rear units fully equipped with water, gas and electric. Pay to use onsite laundry is another income opportunity at the is property.
An approved permit and blueprints are in place for a third unit consisting of 2 bedrooms and 1 bathroom, approximately 749 square feet, presenting a rare and time-sensitive opportunity to significantly increase rental income and overall property value. This property is ideal for investors seeking a long-term income hold, value-add renovation, or expansion opportunity. It also offers excellent potential for owner-occupants interested in house hacking by living in one unit while generating income from the others. Conveniently located near Pasadena’s renowned dining, shopping, cultural attractions, and major transportation routes, this property combines prime location, strong income potential, and future upside.
Don’t miss this exceptional opportunity to acquire a turnkey duplex with laundry facility and approved expansion potential for third unit in one of Southern California’s most sought-after markets. Read Less
Property listed by The Real Brokerage, Inc., Pamela Williams [email protected]
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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