1032 Palm Avenue, South Pasadena, California 91030, South Pasadena, 91030 - 3 bed, 2 bath
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South Pasadena, California 91030
This Turnkey California Bungalow represents a High-Potential Investment Opportunity, though it is currently listed at $1,795,000, which sits above the $1,678,894 Fair Market Value. While not a discount purchase, the property offers significant long-term upside through its ADU Conversion Potential in the detached garage. Featuring a Condition Rating of 3, the home is move-in ready with modern updates, a spacious back deck, and a prime location near the Gold Line. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-convenience lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1032 Palm Avenue Subject | $1,795,000* List Price | 3 | 2 | 1,437 | $1,168 | - |
A 5054 Collis Avenue Sold | $1,410,000 | 3 | 2 | 1,499 | $941 | 0.9 mi |
B 127 South Lane Sold | $1,593,000 | 2 | 2 | 1,269 | $1,255 | 0.8 mi |
C 2025 Maycrest Avenue Sold | $1,659,185 | 3 | 2 | 1,176 | $1,411 | 0.9 mi |
D 556 Alta Vista Avenue Active | $1,838,000 List Price | 2 | 2 | 1,836 | $1,001 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1905, the property has been significantly updated and well-maintained. The kitchen features stainless steel appliances and recessed lighting, the primary suite includes a modern en-suite bath and walk-in closet, and the exterior shows a newer HVAC condenser and a well-preserved deck and siding, making it fully move-in ready.
Situated in a highly sought-after South Pasadena pocket, the home offers exceptional proximity to the Gold Line, Trader Joe's, and the local farmer's market, ensuring a high-convenience lifestyle.
The detached two-car garage with an attached carport presents a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, providing potential for rental income or multi-generational living.
This 1905 bungalow preserves its timeless character with wood floors and a classic front porch while featuring a rare open floor plan and a dedicated primary suite with an en-suite bath.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1437, other record living area = 1328.
At a list price of $1,795,000 for 1,437 square feet, the property commands a premium price point that may be challenging for buyers looking for more interior living space.
Given the home's 1905 construction date, buyers should anticipate potential maintenance requirements or necessary upgrades common to historic properties of this vintage.
Welcome to this charming 1905 California bungalow, where timeless character meets modern comfort in one of South Pasadena's most desirable neighborhoods. The inviting front porch overlooks a beautifully landscaped yard filled with native plants, hummingbirds and butterflies, creating a peaceful and welcoming setting.Inside the home opens to a bright and airy living and dining area with an open floor plan ideal for everyday living and entertaining. Wood floors run throughout the home, preserving the home's historic charm. The spacious kitchen features an open layout with a generous dining area perfect for casual meals and gatherings. The primary suite is a private retreat, offering a large bedroom with bay window and built-in seating overlooking the back yard, a spacious walk-in closet, and an en-suite bath. Two additional bedrooms share a well appointed bathroom.Step outside from either the kitchen or the primary suite onto the back deck, perfect for alfresco dining and entertaining. The backyard is a serene oasis featuring raised vegetable beds and multiple areas to relax and enjoy the beauty and the privacy of the space.The detached two-car garage with an attached covered carport presents an exceptional opportunity for a future ADU conversion.Ideally located in a special pocket of South Pasadena, this home is conveniently close to the Gold line, Trader Joe's, the Arroyo Secco, the farmer's market, South Pasadena Pubic Library, and the wonderful shops and restaurants that make South Pasaena such a beloved community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,437 | 1,978 | 29% |
| Lot Size | 5,905 | 7,503 | 18% |
| Price | $1.79M | $2.00M | 39% |
| Price per sq ft | $1.2K | $1.1K | 76% |
| Built year | 1905 | 1925 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 124 | 6% |
May 22, 2026
$1,795,000
Initial Listing
Nov 30, 1999
$284,000
Public Record
May 20, 1994
$235,000
Public Record