1221 Wesley Avenue, Pasadena, California 91104, Pasadena, 91104 - 3 bed, 2 bath
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Pasadena, California 91104
This property presents a High-Potential Investment Opportunity with a List Price of $1,299,000—positioned well above the $1,217,114 Fair Market Value by -6%. Featuring a Fair Condition Rating, the home requires cosmetic updates to maximize its 1,373 sq ft footprint. The Income-Generating ADU and 7,492 sq ft lot provide significant value-add potential for future development. This asset is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking to offset mortgage costs through multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1221 Wesley Avenue Subject | $1,299,000* List Price | 3 | 2 | 1,373 | $886 | - |
A 1870 Brigden Road Sold | $1,350,888 | 3 | 2 | 1,313 | $1,029 | 0.5 mi |
B 2038 Oakwood Street Sold | $1,025,000 | 3 | 1 | 1,224 | $837 | 0.9 mi |
C 1255 N Dominion Avenue Sold | $1,200,000 | 3 | 1 | 1,296 | $926 | 0.3 mi |
D 2020 Casa Grande Street Sold | $1,051,670 | 3 | 2 | 1,161 | $906 | 0.7 mi |
E 1437 N Sierra Bonita Avenue Sold | $1,050,000 | 2 | 1 | 1,064 | $987 | 0.3 mi |
F 1182 N Mar Vista Active | $1,199,000 List Price | 3 | 1 | 1,239 | $968 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, the property is functional but dated, requiring cosmetic updates and minor repairs. Interior photos show wall scuffs and older finishes, while the use of window AC units suggests a lack of modern central HVAC. The kitchen and bathrooms appear to be older renovations (15-30 years) that do not meet modern 'Good' or 'Excellent' standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7492, living area = 1373.
The property includes a permitted, detached 1-bedroom ADU that is currently rented, providing immediate cash flow and offset for mortgage costs.
Situated on a generous 7,492 sq ft lot, the property offers significant upside with room for a future Junior ADU (Jr. ADU) or expansive outdoor entertaining spaces.
With 143 days on the market and multiple price reductions from the original $1.4M, the listing may face buyer perception issues regarding its value or condition.
Built in 1923 and described as needing a 'personal touch,' the main residence likely requires significant capital investment to modernize finishes and systems.
Discover the potential of this charming single-family home with a permitted ADU, perfectly situated on a spacious 7,492 sq ft lot. The front home offers 3 bedrooms, 2 bathrooms, approximately 1,373 sq ft of living space, and is ready for your personal touch. Features include an open floorplan, wood-tone flooring, ceiling fans, a dedicated laundry room, and a kitchen with tile finishes. A welcoming front porch adds to the home's curb appeal. The detached 1-bedroom, 1-bathroom ADU is currently rented, providing immediate rental income. The expansive backyard offers excellent potential for a future Jr. ADU, outdoor entertaining, or custom landscaping. With room for up to 4 uncovered parking spaces, this property delivers convenience and versatility. An ideal opportunity for investors, multi-generational living, or homeowners looking to add value, don't miss out on the possibilities this property offers.
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 | 1,373 | 1,614 | 36% |
| Lot Size | 7,492 | 7,499 | 49% |
| Price | $1.30M | $1.34M | 37% |
| Price per sq ft | $946 | $916 | 61% |
| Built year | 1923 | 1925 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 182 | 124 | 72% |
May 6, 2026
$1,299,000
$1,339,950
-3% Price Drop
Initial Listing
Feb 18, 2026
$1,339,950
$1,400,000
-4% Price Drop
Initial Listing
Dec 16, 2025
$1,400,000
Initial Listing