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Pasadena Duplex with Strong Upside Potential 1380 Glen Ave 2 Unit Apartment Building $1,640,456 CAD ($820,228 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$104,169
|
$54.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,169
|
$54.03
|
| Taxes |
$16,405
|
$8.51
|
| Operating Expenses |
$6,152
|
$3.19
|
| Total Expenses |
$22,556
|
$11.70
|
| Net Operating Income |
$81,613
|
$42.33
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $104,169 |
| Annual Per SF | $54.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $104,169 |
| Annual Per SF | $54.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,405 |
| Annual Per SF | $8.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,152 |
| Annual Per SF | $3.19 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,556 |
| Annual Per SF | $11.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $81,613 |
| Annual Per SF | $42.33 |
Property Facts
| Price | $1,640,456 CAD | Property Type | Multifamily |
| Price Per Unit | $820,228 CAD | 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 | $1,640,456 CAD |
| Price Per Unit | $820,228 CAD |
| 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 | $4,785 CAD | 1,020 |
| 2+1 | 1 | $3,896 CAD | 910 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 5728-012-058 | Total Assessment | $772,917 CAD |
| Land Assessment | $504,078 CAD | Annual Taxes | $16,405 CAD ($8.51 CAD/SF) |
| Improvements Assessment | $268,839 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
5728-012-058
Land Assessment
$504,078 CAD
Improvements Assessment
$268,839 CAD
Total Assessment
$772,917 CAD
Annual Taxes
$16,405 CAD ($8.51 CAD/SF)
Tax Year
2025
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Pasadena Duplex with Strong Upside Potential | 1380 Glen Ave
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