
Pasadena, California 91106
This property presents a High-Potential Investment Opportunity with a List Price of $1,288,000, which aligns with the current $1,288,000 Fair Market Value. Featuring a 5-bedroom, 1-bathroom layout on a 8,213 sqft lot, the home carries a Condition Rating of 5, indicating a need for significant renovation. The property’s proximity to Pasadena City College and its Development Potential for an ADU or multi-unit expansion make it a strategic asset. This is an ideal acquisition for Buy-and-Hold Investors or Developers focused on long-term value-add projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 128 N Sierra Bonita Avenue Subject | $1,288,000* List Price | 5 | 1 | 1,920 | $671 | - |
A 266 N Wilson Avenue Sold | $1,150,000 | 3 | 2 | 1,536 | $749 | 0.6 mi |
B 1759 Orangewood Street Sold | $1,440,000 | 3 | 2 | 1,750 | $823 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1916 with no evidence of modern renovations, this property far exceeds the 30-50 year threshold for a 'poor' rating. The presence of window AC units indicates a lack of updated central HVAC systems, and the 5-bedroom to 1-bathroom ratio is severely outdated. The listing's emphasis on 'investor looking to build' and 'multiple units' confirms the structure requires a total rehab or is approaching land-value status.
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 deep, flat 8,213 sqft lot offers significant opportunity for an ADU or multi-unit development, maximizing the property's long-term investment value.
Situated less than one block from Pasadena City College, the property is ideally positioned for high rental demand from students and faculty in a prime Pasadena neighborhood.
The current configuration of 5 bedrooms served by only 1 bathroom is highly impractical for modern living standards and will necessitate costly plumbing upgrades.
Significant differences between tax records and the physical layout regarding bathroom count suggest potential unpermitted work, requiring extensive buyer due diligence and potential legalizing costs.
Excellent opportunity for a large family, or an investor looking to build. PCC is less than one block South of the property. Deep flat lot, which would be ideal for an ADU and possibly multiple units. Tax assessor indicates 1 Bath only. Buyers to satisfy themselves with the permits, square footage, zoning, and every aspect of the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,920 | 1,839.942 |
| Lot Size | 8,213 | 8,508.491 |
| Price | $1.29M | $1.65M |
| Price per sq ft | $671 | $914 |
| Built year | 1916 | 1934 |
| HOA | $0 | $449 |
| Days on market | 80 | 45 |
Jun 21, 2026
$1,288,000
Initial Listing