Exceptional opportunity to own a duplex in the heart of Pasadena, ideal for investors, developers, or owner-users seeking value-add potential. Hitting a target cap rate of 9-12% is doable depending on your strategy with the upside in rents and additional unit(s). Located north of the 210 freeway, this gem sits on a generous lot, offering tremendous upside and flexibility for future expansion. Both units are to be delivered vacant, making this a perfect blank slate to renovate, rent, or reimagine. With ample lot space, there may be potential to add an ADU, a third unit, or explore other development opportunities (buyers to independently verify with the City of Pasadena regarding zoning, density, and building regulations). Located on a picturesque tree-lined street near Pasadena City College, Caltech, and vibrant shops and dining on Lake Avenue, this property is a rare find in a great location with plenty of upside. Don’t miss this chance to transform a fixer into a profitable long-term investment or develop sell at a premium disposition price.
Property Details
Price:
$945,000
MLS #:
25551647
Status:
Active Under Contract
Baths:
0
Address:
432 N Mentor Avenue
Type:
Residential Income
Neighborhood:
646pasadenane
City:
Pasadena
Listed Date:
Jun 12, 2025
State:
CA
ZIP:
91106
Lot Size:
8,080 sqft / 0.19 acres (approx)
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Detached Carport
Parking Spots
4.00
Stories Total
1
View
None
Financial
Map
Community
- Address432 N Mentor Avenue Pasadena CA
- Area646 – Pasadena (NE)
- CityPasadena
- CountyLos Angeles
- Zip Code91106
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432 N Mentor Avenue
Pasadena, CA
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