1601 Sinaloa Ave, Pasadena, CA 91104-1529 | 1601 Sinaloa Ave
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1601 Sinaloa Ave, Pasadena, CA 91104-1529 1601 Sinaloa Ave
2 Unit Block of Flats £946,765 (£473,382/Unit) Pasadena, CA 91104
Investment Highlights
- Great investment opportunity.
- Two-car carport and a sizable concrete patio.
- Interior units are in excellent condition.
Executive Summary
Move-In Ready Duplex with ADU Potential – Perfect for First-Time Buyers and Investors!
This incredible property offers two vacant units at close of escrow, ready for immediate occupancy or rental! With eligibility to add an ADU (Accessory Dwelling Unit) in place of the carport, this is a fantastic investment opportunity.
The front unit features a spacious living room with a cozy fireplace, three large bedrooms, a full bathroom, and a 3/4 bathroom. Enjoy the convenience of an updated kitchen with a dining area, and modern upgrades like a newer roof, copper plumbing, and central air and heat.
The back unit is perfect for in-laws or rental income, offering a comfortable 1-bedroom setup with its own living room, kitchen, and full bathroom. Separate utility meters make renting easy and hassle-free.
Additional highlights include a two-car carport, a large concrete patio, and an unbeatable location just steps from the bus stop, grocery stores (Stater Bros.), Wells Fargo, and Starbucks.
This property is a rare find—ideal for first-time home buyers looking to live in one unit and rent the other. Don't miss out on this prime opportunity!
This incredible property offers two vacant units at close of escrow, ready for immediate occupancy or rental! With eligibility to add an ADU (Accessory Dwelling Unit) in place of the carport, this is a fantastic investment opportunity.
The front unit features a spacious living room with a cozy fireplace, three large bedrooms, a full bathroom, and a 3/4 bathroom. Enjoy the convenience of an updated kitchen with a dining area, and modern upgrades like a newer roof, copper plumbing, and central air and heat.
The back unit is perfect for in-laws or rental income, offering a comfortable 1-bedroom setup with its own living room, kitchen, and full bathroom. Separate utility meters make renting easy and hassle-free.
Additional highlights include a two-car carport, a large concrete patio, and an unbeatable location just steps from the bus stop, grocery stores (Stater Bros.), Wells Fargo, and Starbucks.
This property is a rare find—ideal for first-time home buyers looking to live in one unit and rent the other. Don't miss out on this prime opportunity!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£44,600
|
£19.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£44,600
|
£19.77
|
| Taxes |
£4,929
|
£2.19
|
| Operating Expenses |
£704
|
£0.31
|
| Total Expenses |
£5,634
|
£2.50
|
| Net Operating Income |
£38,966
|
£17.27
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £44,600 |
| Annual Per SF | £19.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £44,600 |
| Annual Per SF | £19.77 |
| Taxes | |
|---|---|
| Annual | £4,929 |
| Annual Per SF | £2.19 |
| Operating Expenses | |
|---|---|
| Annual | £704 |
| Annual Per SF | £0.31 |
| Total Expenses | |
|---|---|
| Annual | £5,634 |
| Annual Per SF | £2.50 |
| Net Operating Income | |
|---|---|
| Annual | £38,966 |
| Annual Per SF | £17.27 |
Property Facts
| Price | £946,765 | Apartment Style | Single Family Home |
| Price Per Unit | £473,382 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Conditions | 1031 Exchange | Building Size | 2,256 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 1946 |
| Price | £946,765 |
| Price Per Unit | £473,382 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,256 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1946 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 1 | £2,895 | - |
| 1+1 | 1 | £1,330 | - |
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Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (74)
zoning
| Zoning Code | LCR17500 (Duplex) |
| LCR17500 (Duplex) |
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1601 Sinaloa Ave, Pasadena, CA 91104-1529 | 1601 Sinaloa Ave
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