Duplex with Separate Utility
1062 Worcester Ave, Pasadena, CA 91104
For Sale
New
$799,000
Two residences provide four bedrooms, two bathrooms, and shared driveway parking in Pasadena.
Property Size1,526 SF
Price / SF$523.59
Days on Market6
Property Features for 1062 Worcester Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
in-unit laundry
front yard
basement
storage
fireplace
Listing Agency:
RE/MAX Premier Properties
Listed By:
Jerry Sun · License #01338788
(626) 589-0997
Source:
Findhomesinsandiegoarea
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
This Pasadena duplex contains two separately metered residences with a combined 1,526 square feet, four bedrooms, and two bathrooms. The front residence, built in 1957, offers 704 square feet, two bedrooms, a front yard, updated countertops, and in-unit laundry. Built in 1921, the rear residence spans 822 square feet and includes two bedrooms, a large laundry room, a basement, upgraded electrical, vinyl windows, and a refreshed fireplace. A separate carriage-style structure provides additional storage space, and a concrete driveway serves both units.
The property is in the Garfield Heights area of Northwest Pasadena, minutes from Old Town Pasadena, the Rose Bowl Stadium, and local parks. Schools, supermarkets, retail shops, and public transit are also identified among the nearby amenities.
The property is in the Garfield Heights area of Northwest Pasadena, minutes from Old Town Pasadena, the Rose Bowl Stadium, and local parks. Schools, supermarkets, retail shops, and public transit are also identified among the nearby amenities.
Key Highlights
- Two units total approximately 1,526 square feet, with 4 bedrooms and 2 bathrooms
- Separate electric, gas, and water meters for each residence
- Front unit: 704 square feet; built in 1957; 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,649
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,980
$533.0K
Cap Rate 7%
$380,700
$380.7K
Cap Rate 9%
$296,100
$296.1K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$41.2K $27.00/SF
− Vacancy
−$3.1K −$2.05/SF
EGI
$38.1K $24.95/SF
− OpEx
−$11.4K −$7.48/SF
NOI
$26.6K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,980
Cap Rate 7%
$380,700
Cap Rate 9%
$296,100
Alternative Uses
Best Use
Multifamily LT 5
$380.7K
$333.1K – $444.2K
NOI $26,649 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$350.8K
$306.9K – $409.3K
NOI $24,555 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$622.6K
$544.8K – $726.4K
NOI $43,583 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,178
Businesses Nearby
Explore this area
Business Placement
Demographics for 91104, CA
34,707
Population
14,381
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
9,133
Density / Sq Mi
$103,052
Median Household Income
$53,827
Median Earnings
$2,040
Median Rent
$1,022,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pasadena, CA
Properties on Market for Duplexes in Pasadena
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide four bedrooms, two bathrooms, and shared driveway parking in Pasadena.
Where is this duplex located?
The property is located at 1062 Worcester Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two units total approximately 1,526 square feet, with 4 bedrooms and 2 bathrooms; Separate electric, gas, and water meters for each residence; Front unit: 704 square feet; built in 1957; 2 bedrooms and 1 bathroom
