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Pasadena Duplex with Strong Upside Potential 1380 Glen Ave 2 Unit Apartment Building $1,199,997 ($599,999/Unit) 5% Cap Rate Pasadena, CA 91103
INVESTMENT HIGHLIGHTS
- Value add opportunity
- Property to be delivered vacant
- Two detached buildings
- Very close to the Rose Bowl
EXECUTIVE SUMMARY
Home for the Holidays & High Returns: Pasadena Duplex Gem!
Secure your financial future this holiday season with a fantastic investment opportunity in Pasadena! This investor’s dream duplex offers strong upside potential in a highly sought-after location, perfectly positioned for growth.
Property Overview:
Location: Prime Pasadena spot, just minutes from the iconic Rose Bowl and all key city attractions.
Front Unit: A spacious main unit featuring 3 bedrooms and 2 bathrooms.
Rear Unit: A comfortable secondary unit with 2 bedrooms and 1 bathroom.
Investment & Income Potential:
This property is an ideal setup for a savvy investor. It provides immense potential for both long-term rental income and capitalizing on event-driven demand thanks to its proximity to the stadium.
It is a significant value-add opportunity—a blank canvas awaiting modernization, renovation, and strategic repositioning to maximize its appeal and rental rates.
Generous Parking:
No parking woes here! The property boasts ample space with two 2-car garages plus four additional tandem parking spaces.
Don't miss out on claiming this rare, high-potential property as your best investment gift this year!
Secure your financial future this holiday season with a fantastic investment opportunity in Pasadena! This investor’s dream duplex offers strong upside potential in a highly sought-after location, perfectly positioned for growth.
Property Overview:
Location: Prime Pasadena spot, just minutes from the iconic Rose Bowl and all key city attractions.
Front Unit: A spacious main unit featuring 3 bedrooms and 2 bathrooms.
Rear Unit: A comfortable secondary unit with 2 bedrooms and 1 bathroom.
Investment & Income Potential:
This property is an ideal setup for a savvy investor. It provides immense potential for both long-term rental income and capitalizing on event-driven demand thanks to its proximity to the stadium.
It is a significant value-add opportunity—a blank canvas awaiting modernization, renovation, and strategic repositioning to maximize its appeal and rental rates.
Generous Parking:
No parking woes here! The property boasts ample space with two 2-car garages plus four additional tandem parking spaces.
Don't miss out on claiming this rare, high-potential property as your best investment gift this year!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$76,200
|
$39.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,200
|
$39.52
|
| Taxes |
$12,000
|
$6.22
|
| Operating Expenses |
$4,500
|
$2.33
|
| Total Expenses |
$16,500
|
$8.56
|
| Net Operating Income |
$59,700
|
$30.96
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $76,200 |
| Annual Per SF | $39.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,200 |
| Annual Per SF | $39.52 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $6.22 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $2.33 |
| Total Expenses | |
|---|---|
| Annual | $16,500 |
| Annual Per SF | $8.56 |
| Net Operating Income | |
|---|---|
| Annual | $59,700 |
| Annual Per SF | $30.96 |
PROPERTY FACTS
| Price | $1,199,997 | Property Type | Multifamily |
| Price Per Unit | $599,999 | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Single-Family Home |
| Cap Rate | 5% | Lot Size | 0.17 AC |
| Sale Condition | REO Sale | Building Size | 1,928 SF |
| Gross Rent Multiplier | 15.75 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1951/2025 |
| Zoning | PSR1 | ||
| Price | $1,199,997 |
| Price Per Unit | $599,999 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 15.75 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.17 AC |
| Building Size | 1,928 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2025 |
| Zoning | PSR1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,500 | 1,020 |
| 2+1 | 1 | $2,850 | 910 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (74)
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Pasadena Duplex with Strong Upside Potential | 1380 Glen Ave
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