
Pasadena, California 91104
This Value-Add Pasadena Residence is a High-Potential Investment Opportunity with a List Price of $995,000—positioned below the $1,007,653 Fair Market Value by 1%. This valuation gap offers $12,653 in Instant Equity for buyers ready to modernize the mostly original 1951 condition interior. The expansive 8,932-square-foot lot and 220-volt garage power provide significant upside for ADU development and forced appreciation. Located in the Pasadena Unified School District, this project is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-utilization asset.
Property is extensive renovation needed.
The property is in mostly original 1951 condition and requires substantial rehabilitation. The kitchen features extremely dated yellow cabinetry, laminate countertops with metal edging, and severely worn flooring. Living areas contain heavily stained and outdated green shag carpeting, while bedrooms feature dated wood paneling and window AC units. The overall interior shows significant physical depreciation and lacks modern updates to major systems like HVAC and flooring, necessitating a full renovation to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8932, living area = 1654.
The expansive 8,932-square-foot lot provides significant opportunities for expansion or the addition of an Accessory Dwelling Unit (ADU), offering excellent long-term value for investors and homeowners.
The garage features a 220-volt power supply, making it move-in ready for electric vehicle charging and providing the necessary electrical capacity for future workshop or ADU conversions.
With only two bedrooms at a nearly $1 million price point, the property may have limited appeal for larger families or buyers requiring multiple dedicated home offices.
The assigned elementary and middle schools have relatively low ratings (4 and 3 respectively), which may be a drawback for families prioritizing high-performing public education.
Welcome to this charming Pasadena property offering comfort, flexibility, and future potential in a prime location. This inviting home features 2 bedrooms and 2 bathrooms across approximately 1,654 square feet of well-designed living space, creating a layout that feels both spacious and welcoming. Bright, open living areas are filled with natural light, enhancing the warm and inviting atmosphere throughout. Set on a generously sized lot, the property presents an excellent opportunity for expansion or future development, including potential for an ADU. The expansive outdoor space offers endless possibilities for entertaining, gardening, or designing your ideal outdoor retreat. Additional highlights include a garage equipped with a 220-volt power supply, ideal for a potential EV charger as well as supporting future ADU possibilities. Ideally situated in a sought-after area of Pasadena, this home is just moments from popular restaurants, shopping, and local amenities. Offering a combination of livability, location, and development potential, this property is a fantastic opportunity for both homeowners and investors alike.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,654 | 1,630 | 51% |
| Lot Size | 8,932 | 7,507 | 77% |
| Price | $995.0K | $1.33M | 15% |
| Price per sq ft | $602 | $880 | 7% |
| Built year | 1951 | 1926 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 147 | 4% |
Mar 19, 2026
$995,000
Initial Listing