
South Pasadena, California 91030
This Newly Constructed Modern Craftsman is a High-Potential Investment Opportunity, listed at $2,798,000—positioned well below the $2,901,450 Fair Market Value by 3%. This valuation gap offers $103,450 in Instant Equity for buyers. Boasting a Condition Rating of 2, the residence features a quartzite chef’s kitchen, an attached JADU, and a 1,220 sq. ft. finished attic with pending ADU plans. Located near top-rated South Pasadena schools, this versatile estate is perfect for Owner-Occupants or multi-generational families seeking luxury living with significant passive income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1023 Adelaine Avenue Subject | $2,798,000* List Price | 4 | 4 | 2,898 | $1,001 | - |
A 1030 Adelaine Avenue Sold | $3,050,380 | 4 | 4 | 2,894 | $1,054 | 0.0 mi |
B 1130 Windsor Place Sold | $2,679,500 | 4 | 3 | 2,748 | $975 | 0.5 mi |
C 1712 Lyndon Street Sold | $2,142,000 | 4 | 2 | 2,658 | $806 | 0.9 mi |
D 410 Grand Avenue Sold | $2,350,000 | 3 | 2 | 2,001 | $1,174 | 0.6 mi |
E 1500 Oxley Street Sold | $2,610,000 | 3 | 2 | 2,196 | $1,189 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a newly constructed home that masterfully blends Craftsman charm with modern luxury. It features high-end finishes including quartzite countertops, stainless steel appliances, wide-plank wood flooring, and contemporary light fixtures. All components and systems are brand new, providing a move-in ready experience with no deferred maintenance.
Situated in the heart of South Pasadena on a quiet, tree-lined street, the property offers immediate access to top-rated local schools and the vibrant shops and cafes of Mission Street.
The property includes an attached 314 sq. ft. JADU and a massive 1,220 sq. ft. finished attic with pending plans for a second ADU, offering significant opportunities for passive income or multi-generational living.
This newly constructed home masterfully blends 1920s Craftsman aesthetic with contemporary luxury, featuring a chef's kitchen with quartzite countertops and a seamless open-concept floor plan.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2898, other record living area = 977. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property was recently sold within the past year on 2025-08-26. The sold price is $1,070,500.00.
At a list price of $2,798,000, the property represents a significant investment that may sit at the higher end of the market for the immediate neighborhood.
A rare offering in the heart of South Pasadena, this newly constructed home artfully captures the charm and integrity of a 1920s Craftsman cottage reimagined through a refined, contemporary lens. Set on a quiet, tree-lined street, enjoy an exceptional location just moments from parks, golf, equestrian trails, vibrant shops, cafes, restaurants of Mission Street, Trader Joe's, public library, and top-rated local schools. The curb appeal is undeniable. A gracious, full-length front porch invites you to slow down and settle in, setting the tone. Spanning approximately 2,584 square feet, the main residence offers 3 bedrooms and 3 bathrooms, thoughtfully designed with elegance and livability in mind. The interior unfolds into a light-filled, open-concept floor plan where a formal living room, anchored by a fireplace with travertine stone and custom built-ins, flows seamlessly into a media room/home office and a beautifully proportioned formal dining room. The chef's kitchen is both expansive and functional, featuring quartzite countertops, stainless steel appliances, oversized island/seating, and dedicated dry bar, ideal for everyday living and effortless entertaining.A long hallway leads to two generously sized guest bedrooms connected by a Jack-and-Jill bathroom with soaking tub and dual vanity. Privately situated at the rear of the home, the primary suite offers a quiet retreat, complete with walk-in closet and a spa-like bath featuring a large shower and double vanity. Beyond the main living areas, the property reveals true versatility. An attached JADU (314 sf) offers a fully equipped studio-style layout with kitchen and bath, perfect for guests, extended family, or supplemental income. Adjacent, an additional 1,220 sf of fully finished attic space presents a remarkable opportunity. With pending plans already in place for a 2-bedroom, 1-bath ADU complete with kitchenette, open living/dining area, the possibilities are substantial, whether for multi-generational living, a live/work environment, or meaningful passive income. Exterior grounds are equally considered. A long, gated driveway provides security and flexibility, offering ample space for recreation, play, or additional parking. Private backyard is designed for relaxed living with outdoor lounge and dining frames in a lush garden. It is an uncommon opportunity to own a brand new home that honors the past while embracing the present with timeless design, modern comfort, and exceptional potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 4.0 | 2.5 | 74% |
| Square foot | 2,898 | 1,997 | 76% |
| Lot Size | 7,176 | 7,501 | 37% |
| Price | $2.80M | $1.96M | 74% |
| Price per sq ft | $965 | $1.1K | 43% |
| Built year | 1908 | 1925 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 107 | 7% |
Apr 13, 2026
$2,798,000
Initial Listing
Aug 26, 2025
$1,070,500
Public Record
Jun 9, 2021
$1,125,000
Public Record