1374 Palm Terrace, Pasadena, California 91104, Pasadena, 91104 - 2 bed, 1 bath
1374 Palm Terrace
Pasadena, California 91104
Property Price
SUMMARY
Analysis of 1374 Palm Terrace, Pasadena, California 91104 reveals a Prime Investment Opportunity with a current list price of $999,000—significantly undercutting the $1,042,688 Fair Market Value by 4%. This valuation gap indicates a +$43,688 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1374 Palm Terrace Subject | $999,000* List Price | 2 | 1 | 1,138 | $916 | - |
A 676 E Rio Grande Street Sold | $1,267,130 | 3 | 2 | 1,217 | $1,041 | 0.1 mi |
B 1862 N Madison Avenue Sold | $945,000 | 2 | 2 | 1,065 | $887 | 0.6 mi |
C 1840 Santa Rosa Avenue Sold | $1,250,000 | 4 | 2 | 1,344 | $930 | 0.6 mi |
D 470 E Ladera Street Sold | $860,000 | 2 | 1 | 1,037 | $829 | 0.3 mi |
E 1704 N Los Robles Sold | $1,185,000 | 3 | 2 | 1,342 | $883 | 0.5 mi |
F 400 Flower Street Active | $1,149,900 List Price | 3 | 1 | 1,042 | $1,104 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1922, the property has undergone extensive recent renovations within the last 5 years, including critical infrastructure upgrades such as a new roof, new HVAC system, full repiping, and earthquake retrofitting. The interior is in move-in-ready condition with refreshed kitchen countertops, original hardwood floors, and a modern bathroom featuring a new smart LG wash tower. The exterior is equally well-maintained with a new outdoor kitchen and vinyl fencing, meeting the criteria for excellent condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Infrastructure Upgrades
The property features significant recent capital improvements including a new roof, new HVAC system, full repiping, and earthquake retrofitting, offering essential peace of mind for a vintage 1922 home.
- Premium Outdoor Living
The spacious backyard is highly optimized for entertainment, boasting an outdoor kitchen, adjustable pergola, motorized TV lift, and new vinyl fencing, which significantly extends the usable living space.
- Preserved Character with Modern Utility
The home successfully blends original 1920s charm, such as hardwood floors and built-ins, with modern necessities like an updated kitchen and a versatile sunroom suitable for a home office.
CONSRISKS & DEFICIENCIES
- Single Bathroom Constraint
With only one bathroom to serve both bedrooms and guests, the layout may be a limiting factor for families or those who prioritize convenience and privacy.
- Compact Living Area
At 1,138 square feet, the interior footprint is relatively small, which may feel restrictive for buyers looking for more expansive indoor living or storage options.
About 1374 Palm Terrace
Welcome to 1374 Palm Terrace, a quintessential Pasadena home filled with classic charm and modern updates. Upon arrival, beautiful curb appeal and mature landscaping create a warm first impression. Once inside, the light-filled living room sets the tone with original features such as hardwood floors, a cozy gas fireplace, and large windows that create an inviting gathering space. The formal dining room with built-in cabinetry sits at the heart of the home and flows seamlessly into the updated kitchen, offering refreshed countertops, generous storage, and peaceful views of the backyard. Both bedrooms are well appointed and the bathroom hosts a convenient laundry area, equipped with a new smart LG wash tower. A versatile sunroom provides the perfect space for a home office, playroom, sitting area, or creative studio and opens directly to the outdoor patio. The spacious backyard is designed for both relaxation and entertaining, featuring an adjustable pergola, outdoor kitchen, new vinyl fencing, motorized TV lift, and a stock tank. Recent improvements include a new HVAC system, full repipe, new roof, earthquake retrofit, and tasteful updates for both the interior & exterior. Ideally located in central Pasadena near parks & restaurants, this home offers modern comfort, charming character, and everyday convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 6,103 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,138 | 1,614 | 24% |
| Lot Size | 6,103 | 7,687 | 18% |
| Price | $999.0K | $1.32M | 20% |
| Price per sq ft | $878 | $861 | 51% |
| Built year | 1922 | 1924 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 170 | 3% |
Pricing History
Listed for Sale
Mar 3, 2026
$999,000
Initial Listing
Sold
Nov 27, 2018
$670,000
Public Record
Sold
Sep 10, 2004
$467,500
Public Record
Sold
May 14, 2004
$382,000
Public Record
Sold
Mar 1, 2004
$325,000
Public Record