1230 S Oakland Avenue, Pasadena, California 91106, Pasadena, 91106 - 7 bed, 8 bath

1230 S Oakland Avenue, Pasadena, California 91106 home-pic-0

1230 S Oakland Avenue

Pasadena, California 91106

ACTIVE
CONDITION: FAIR
7Beds
8Baths
8,713Sq Ft
107,624Lot Size

Property Price

LIST PRICE$12,000,000
EST. MARKET VALUE
$12,406,502
3% BelowMARKET VALUE

SUMMARY

Analysis of 1230 S Oakland Avenue, Pasadena, California 91106 reveals a Prime Investment Opportunity with a current list price of $12,000,000—significantly undercutting the $12,406,502 Fair Market Value by 3%. This valuation gap indicates a +$406,502 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$12,406,502 +$406,502 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1230 S Oakland Avenue
Subject
$12,000,000*
List Price
788,713$1,424-
A
1458 Hillcrest
Active
$12,000,000
List Price
578,314$1,4430.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

This historic 1913 estate boasts exceptional preservation of original features, including restored floors and woodwork, and some areas like the guest house and a main bathroom have been recently updated to a modern standard. The main kitchen features high-end appliances and is well-maintained, though its style is more traditional than newly renovated. However, the property's significant age (over 100 years) and the explicit mention of 'Age-Related System Updates' as a weakness for core systems (plumbing, electrical, HVAC) indicate that while aesthetically stunning and move-in ready, major components are likely functional but outdated and will require substantial investment to meet contemporary comfort and efficiency standards. This aligns with the 'Fair' category, where the home is aged but maintained, and major components show signs of being outdated, requiring more than minor updates for full modernization.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 107624, living area = 8713.

  • Historical & Architectural Pedigree

    A landmark estate designed by renowned architect G. Lawrence Stimson, with a rich history of prominent owners and cultural significance (Pasadena Showcase House, film backdrop).

  • Exquisite Original Craftsmanship

    Features include stately mahogany-paneled rooms, high ceilings, hand-carved moldings, marble flooring, and remarkably intact, exceptional original woodwork and built-ins.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 8713, other record living area = 7148.

  • Recently Sold Property

    The property was recently sold within the past year on 2025-08-21. The sold price is $10,500,000.00.

  • Age-Related System Updates

    As a 1913 build, despite its preserved condition, the property likely requires significant investment in modernizing core systems (e.g., plumbing, electrical, HVAC) to meet contemporary comfort and efficiency standards.

About 1230 S Oakland Avenue

//Charles A Goodyear House, 'Knollcrest' by G. Lawrence Stimson, 1913// Built in 1913 for lumber baron Charles Goodyear and his wife, Henrietta, Knollcrest occupies 2.5 acres (Lots 18 and 19) within the original Oak Knoll subdivision. Widely regarded as one of the finest homesites in the development, its commanding position atop a gentle knoll--overlooking a sweeping front lawn--earned the estate its enduring name. //The residence was designed by prominent architect G. Lawrence Stimson, best known for the Wrigley Mansion. It is said that Goodyear commissioned the home, in part, to incorporate his extensive collection of custom-made furnishings and artifacts, resulting in a structure conceived to be entirely fireproof. Original wrought-iron gates frame the estate's 330' frontage along Oakland Ave, connected by a circular drive culminating in a porte-cochere. A rare secondary driveway, running N/S with automatic gate, is accessed via Allendale Rd. //True to Stimson's architectural language, the main residence features stately mahogany-paneled public rooms w/10' ceilings, upper-level bedrooms w/9' ceilings, hand-carved moldings, marble flooring and staircase, and living room w/restored Caucasian walnut floors accented by ebony inlay. Remarkably, much of the original woodwork and artisan-crafted built-ins remain intact and in exceptional condition. Living space spans three levels, with additional attic area above. //A secondary structure--recently updated w/full kitchen and BA--serves as a guest house, adjacent to garage w/BA, and pool. In total, Knollcrest comprises 8,713 sf of living space across all structures, complemented by an additional 5,087 sf of garage/storage space. //Following the Goodyears, the estate was stewarded by a succession of prominent families, including U.S. Steel president Thomas Cole and department store scion and philanthropist Samuel Robinson, before being acquired by the current owner in 1966. In 1968, Knollcrest was selected as the 4th Pasadena Showcase House and has since served as the backdrop for numerous motion pictures. //Defined by its rich history, architectural pedigree, prominent setting, and intact original acreage, Knollcrest stands among Pasadena's landmark estates. Offered for the first time in six decades, it represents a rare opportunity to steward a significant Los Angeles family estate for generations to come.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1913
Lot Size
107,624 Sq. Ft.

Interior

Total Bedrooms
7
Total Bathrooms
8 (8 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.03.0
97%
Baths8.02.0
97%
Square foot8,7131,997
97%
Lot Size107,6249,777
97%
Price$12.00M$1.90M
97%
Price per sq ft$1.4K$974
94%
Built year19131921
30%
HOA$0$0
50%
Days on market52155
9%

Pricing History

Listed for Sale

Jan 13, 2026

$12,000,000

Initial Listing

Sold

Aug 21, 2025

$10,500,000

Public Record

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