128 N Sierra Bonita Avenue, Pasadena, California 91106, Pasadena, 91106 - 5 bed, 3 bath
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Pasadena, California 91106
This property presents a Strong Value Opportunity with a List Price of $1,288,000—positioned well below the $1,376,650 Fair Market Value by 6%. This valuation gap offers $88,650 in Instant Equity. Featuring a Fair Condition Rating (1916 build), the asset offers significant Development Potential via its 8,213 sqft lot, ideal for an ADU. Its proximity to PCC ensures high rental demand. This is a high-reward acquisition ideal for Buy-and-Hold Investors or Contractors seeking a value-add project.
Property is land value only, full reconstruction required.
Built in 1916 (>50 years old) with no evidence of recent renovations. The exterior shows significant neglect with peeling paint and original windows, while the presence of a window AC unit suggests outdated systems. The listing description explicitly targets investors looking to build, indicating the property is being sold for its land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8213, living area = 1920.
The expansive 8,213 sqft deep, flat lot provides an ideal canvas for an Accessory Dwelling Unit (ADU), offering significant value-add potential for investors or multi-generational living.
Situated just one block from Pasadena City College (PCC), the property is in a high-demand area for student housing and faculty, ensuring strong long-term rental appeal.
Built in 1916, the property likely requires significant updates to its core systems and structural components to meet modern standards and efficiency.
Proximity to a major college campus may result in increased noise levels and limited street parking, which could be a drawback for those seeking a quiet residential atmosphere.
Excellent opportunity for a large family. Or an investor looking to build. PCC one block South of the property. Deep flat lot, which would be ideal for an ADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,920 | 1,739.5 |
| Lot Size | 8,213 | 7,979 |
| Price | $1.29M | $1.62M |
| Price per sq ft | $671 | $897 |
| Built year | 1916 | 1936 |
| HOA | $0 | $250 |
| Days on market | 31 | 45 |
Jun 21, 2026
$1,288,000
Initial Listing