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    1561 E Elizabeth St East Pasadena, CA 91104

    For Sale
    $1,695,000

    MULTI_FAMILY - East Pasadena, CA

    Lot size:
    0.18 Acres
    Days on Market:
    121
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1561 E Elizabeth St East

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    5
    Bathrooms
    3
    APN
    UNAVAILABLE
    Parking
    8
    Parking features
    Driveway
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    2

    Compass

    Listing agent Lena Jemelian (310) 230-5744 License #01906176

    Listing date Aug 7, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Pasadena Income Property

    Located in East Pasadena, this income property presents an opportunity to own a versatile property in a desirable neighborhood. The property, built in 1924, includes a main residence featuring classic Craftsman details, warm interiors, and updates. The main residence currently features 3 bedrooms and 2 bathrooms. There is potential to reconfigure the main house into a 2-bedroom, 1-bathroom unit and convert a portion of the existing structure into a 499 sq. ft. Junior ADU (JADU) with its own kitchen and laundry area. Plumbing is already in place for this conversion. A newly constructed 2-bedroom, 1-bathroom ADU (749 sq. ft.) is located at the rear of the property. It features its own kitchen, living room, separate utility meters, and solar panels. The property sits on a spacious 7,984 sq. ft. lot. The property is located close to the Rose Bowl, Huntington Library, and Norton Simon Museum. Excellent schools, restaurants, and shops are nearby. This move-in-ready property offers rental potential and flexibility.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.118492
    Latitude
    34.173832

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    FAQs

    What type of property is this?
    Duplex - Income property in a desirable Pasadena neighborhood with multiple rental streams.
    Where is this duplex located?
    The property is located at 1561 E Elizabeth St East Pasadena, CA.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: - High Income Potential: Newly constructed 2-bedroom ADU with separate meters and potential for a JADU conversion in the main house.; - Multi-Generational Living: Offers flexible living arrangements with a main residence, ADU, and potential JADU.; - Prime Pasadena Location: Situated in a desirable neighborhood near the Rose Bowl and Huntington Library.
    (310) 230-5744
    Request Owner's contact information
    1561 E Elizabeth St East Pasadena, CA 91104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1561 E Elizabeth St East Pasadena, CA 91104
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