$1,100,000

Estimated payment $6,349/month

Total Views 1,082
5 Beds
2 Baths
1,881 Sq Ft
$585 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • 1-Story Property
  • Pasadena High School Rated A
  • Laundry Room

About This Home

Located in the highly desirable city of Pasadena, 1428 N Hill Ave presents a fantastic duplex investment opportunity in one of the San Gabriel Valley’s most sought-after rental markets. Known for its strong tenant demand, excellent amenities, and proximity to major employment and education centers, Pasadena continues to attract a wide range of renters, making this property ideal for both investors and owner-users. The property features a well-balanced unit mix of one 2-Bedroom/1-Bath unit and one 3-Bedroom/1-Bath unit, offering spacious layouts that appeal to families, professionals, and roommates alike. Each unit is individually metered for gas and electric, helping to reduce owner expenses while providing tenants with control over their utilities. The building also includes on-site parking and on-site laundry, key amenities that enhance convenience and long-term tenant retention. Situated in a high-demand rental location, the property benefits from close proximity to a variety of shopping, dining, and entertainment options. Residents can enjoy easy access to destinations such as the Pasadena Convention Center and The Paseo, along with numerous neighborhood retail corridors and everyday conveniences. The location is further strengthened by its proximity to major educational institutions, including Pasadena City College and the prestigious California Institute of Technology, both of which contribute to a consistent pool of renters. Outdoor and recreational amenities are also nearby, including the iconic Rose Bowl Stadium. Commuters will appreciate the property’s quick access to the Interstate 210, State Route 134, and State Route 710, as well as its close proximity to a nearby light rail station, providing convenient connectivity throughout Los Angeles County. With its prime Pasadena location, functional unit mix, desirable amenities, and proximity to major education, transit, and lifestyle destinations, 1428 N Hill Ave represents a strong opportunity for investors seeking stable income and long-term growth in a highly desirable rental market. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Listing Agent

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 04/15/2026

Keller Williams Realty-Studio City

Co-Listing Agent

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,336 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,881 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 2 Parking Spaces
  • Carport
  • Parking Available

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5204
  • Assessor Parcel Number 5850016001
  • $709 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,080
  • Fuel Expense $1,080
  • Gardener Expense $1,500
  • Insurance Expense $2,445
  • Maintenance Expense $2,561
  • Other Expense $400
  • Pest Control $900
  • Water Sewer Expense $1,080
  • New Taxes Expense $13,750
  • Operating Expense $24,796
  • Gross Income $64,020
  • Net Operating Income $39,224

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

7,336 Sq Ft Lot

Listing Details

  • CapRate: 3.57
  • Property Attached: No
  • Water Sewer Expenses: 1080.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5850016001
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 584.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Washer Hookup
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7336.00
  • Lot Size Acres: 0.1684

Multi Family

  • Electric Expense: 1080.00
  • Fuel Expense: 1080.00
  • Gross Income: 64020.00
  • Gross Multiplier: 16.67
  • Gross Operating Income: 64020.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 2445.00
  • Lot Size Area: 7336.0000 Square Feet
  • Maintenance Expense: 2561.00
  • Net Operating Income: 39224.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 24796.00
  • Operating Expense Percent: 37.60
  • Other Expense: 400.00
  • Other Expense Description: reserves
  • Rent Control: Yes
  • Total Actual Rent: 5500.00
  • Total Expenses: 24796.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Lot: 22
  • Tax Tract Number: 5204
  • TaxOtherAnnualAssessmentAmount: 709.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,202 $521,254 $339,131 $182,123
2024 $6,202 $511,034 $332,482 $178,552
2023 $6,150 $501,014 $325,963 $175,051
2022 $5,943 $491,191 $319,572 $171,619
2021 $5,702 $481,560 $313,306 $168,254
2020 $5,484 $476,623 $310,094 $166,529
2019 $5,496 $467,278 $304,014 $163,264
2018 $5,520 $458,116 $298,053 $160,063
2016 $5,327 $440,329 $286,480 $153,849
2015 $5,269 $433,716 $282,177 $151,539
2014 $5,170 $425,221 $276,650 $148,571
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2026 04/15/26 For Sale $1,100,000 -- $585 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $415,004 Chicago Title Company
Interfamily Deed Transfer -- Financial Title Company La
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $311,250 New Conventional
Previous Owner $252,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR26080201

California Regional Multiple Listing Service (CRMLS)

APN: 5850-016-001

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