1000 Morada Place, Altadena, California 91001, Altadena, 91001 - 3 bed, 1 bath
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Altadena, California 91001
This Fire-Damaged Redevelopment Asset represents a High-Potential Investment Opportunity listed at $1,000,000, positioned near its $937,010 Fair Market Value. Despite a Severe Fire Damage Condition Rating following the Eaton Fire, the property’s expansive 9,537 square foot lot and 1920s historic character offer massive value-add potential. With a recent sales history peaking at $2,400,000, this asset is primed for a total luxury restoration or ADU expansion within the Pasadena Unified School District. This complex acquisition is ideal for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1000 Morada Place Subject | $1,000,000* List Price | 3 | 1 | 1,610 | $582 | - |
A 778 Alameda Street Sold | $875,000 | 3 | 2 | 1,346 | $650 | 0.3 mi |
B 2369 Catherine Road Sold | $1,100,000 | 3 | 2 | 1,700 | $647 | 0.5 mi |
C 1007 E Palm Street Sold | $930,000 | 3 | 2 | 1,910 | $487 | 0.9 mi |
D 2104 Marengo Avenue Active | $869,900 List Price | 4 | 3 | 1,142 | $762 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property sustained severe fire damage during the Eaton Fire, necessitating extensive structural repairs and a likely total interior overhaul. While the exterior shows modern stucco and windows from a previous renovation, the fire damage has compromised the safety and structural integrity of the home, requiring substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9537, living area = 1610.
With a list price of $1M compared to a recent sales history of $2.4M, this property offers a significant value-add opportunity for investors or developers to capture massive equity upon restoration.
The nearly 10,000 square foot lot provides ample space for potential expansion, luxury landscaping, or the addition of an Accessory Dwelling Unit (ADU) in a desirable Altadena neighborhood.
The property sustained damage during the Eaton Fire, necessitating extensive structural repairs, remediation, and a likely total interior overhaul.
As a short sale with 'do not disturb occupants' instructions, the purchase involves higher procedural risks, potential delays, and limited immediate access for thorough inspections.
Short Sale, DO NOT DISTURB OCCUPANTS! Property was damaged during Eaton Fire.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,610 | 1,820 | 44% |
| Lot Size | 9,537 | 9,000 | 56% |
| Price | $1.00M | $1.24M | 36% |
| Price per sq ft | $621 | $721 | 34% |
| Built year | 1920 | 1947 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 176 | 3% |
Mar 26, 2026
$1,000,000
Initial Listing
Nov 26, 2024
$2,400,000
Public Record
Jul 21, 2023
$1,700,000
Public Record
Sep 20, 2019
$715,000
Public Record
Sep 19, 2019
$700,000
Public Record