
Pasadena, California 91104
This 1924 Craftsman Bungalow represents a High-Potential Investment Opportunity, listed at $1,199,000—positioned above the $1,161,503 Fair Market Value. While currently priced at a premium, the property’s Condition Rating of 4 and expansive 8,295 square foot lot offer significant upside through modernization. The Washington Square Historic District location and ADU development potential provide a clear path to forced appreciation. This asset is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to restore a historic property in a premier Pasadena neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1182 N Mar Vista Subject | $1,199,000* List Price | 3 | 1 | 1,239 | $937 | - |
A 1255 N Dominion Avenue Sold | $1,200,000 | 3 | 1 | 1,296 | $926 | 0.7 mi |
B 1870 Brigden Road Sold | $1,350,888 | 3 | 2 | 1,313 | $1,029 | 0.8 mi |
C 1437 N Sierra Bonita Avenue Sold | $1,050,000 | 2 | 1 | 1,064 | $987 | 0.6 mi |
D 530 E Jackson Street Sold | $1,479,030 | 3 | 2 | 1,578 | $937 | 0.8 mi |
E 1221 Wesley Avenue Active | $1,299,000 List Price | 3 | 2 | 1,373 | $946 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1924 Craftsman has been under the same ownership for approximately 40 years, resulting in a well-preserved but dated interior. While the original wood floors and character are intact, the kitchen and bathroom (based on the blue countertops and tile work) are over 20 years old and require modernization. The home is functional and move-in ready, but needs cosmetic updates and likely system evaluations due to its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8298, living area = 1239.
Situated in the highly desirable Washington Square Historic District, this 1924 Craftsman Bungalow offers prestigious neighborhood status and proximity to JPL and Old Town Pasadena.
The generous 8,295 square foot lot provides rare outdoor space for the area, offering significant potential for home expansion or the development of an Accessory Dwelling Unit (ADU).
With three bedrooms but only one bathroom, the current configuration may be inconvenient for modern families and could impact the property's competitive positioning.
Offered for the first time in 40 years, the home likely requires updates to its systems and interior finishes to meet contemporary living standards and energy efficiency.
First time on the market in approximately 40 years! This charming 1924 Craftsman Bungalow is nestled in Pasadena’s highly desirable Washington Square Historic District. Offering 3 bedrooms, 1 bathroom, and approximately 1,239 square feet of living space on an expansive 8,295 square foot lot, this home is rich in character and timeless appeal. Filled with natural light, the interior showcases original wood floors, warm wood paneling, abundant windows, and a classic fireplace that anchors the living space. The cheerful kitchen features distinctive blue countertops and overlooks the spacious backyard. The generous lot provides endless possibilities for outdoor entertaining, gardening, expansion, or potential ADU development (buyer to verify with the City of Pasadena). Mature landscaping and ample outdoor space create a private and inviting setting. Conveniently located near the Jet Propulsion Laboratory (JPL), parks, hiking trails, major freeways, and vibrant Old Town Pasadena, this is a rare opportunity to own a character-filled home in one of Pasadena’s most treasured historic neighborhoods. Don’t miss this exceptional opportunity to personalize, and enjoy a classic Pasadena Craftsman in a premier location.
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 | 23% |
| Square foot | 1,239 | 1,614 | 31% |
| Lot Size | 8,298 | 7,504 | 71% |
| Price | $1.20M | $1.34M | 28% |
| Price per sq ft | $968 | $916 | 63% |
| Built year | 1924 | 1925 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 122 | 4% |
Jun 3, 2026
$1,199,000
Initial Listing