170 E Tremont, Pasadena, CA 91103

$860,000

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List Price
$860,000
Status
ACTIVE
MLS#
WS26156214
Year Built
1922
Lot Size
6,752
Acres
0.16
Days on Market
11
Property Type
Multifamily
Property Sub Type
Duplex

Property Description

Unlock the potential of this rare Pasadena duplex opportunity! Offered as-is and where-is in its current stage of renovation, this property presents an excellent investment for buyers looking to complete a permitted remodel and add value. The current owner has already completed a substantial portion of the major improvements, including: Mechanical rough-ins for the kitchens and bathrooms / Window retrofit / Replacement of original doors / Re-roofing / New insulation / Exterior and interior wall repairs / Siding improvements / Interior drywall installation. All work has been completed under active, valid permits, which remain in effect. While the renovation is not yet complete, the heavy lifting has already been done, allowing the next owner to finish the project according to their own vision and preferences. Once completed, this duplex offers excellent income-producing potential. The property features a spacious yard, ample on-site parking, and an unfinished detached garage that may provide the opportunity for a future ADU conversion (buyer to verify with the City of Pasadena), creating additional rental income potential. Whether you're an investor, developer, or owner-user seeking a value-add opportunity, this property offers a solid foundation in one of Pasadena's desirable neighborhoods with significant upside potential.

Additional Information

Pool Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$70,800
Operating Expense
15120

Listing courtesy of Listing Agent: ANITA LEE (anitahao@yahoo.com) from Listing Office: Wetrust Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.