1407 N Hill Avenue, Pasadena, California 91104, Pasadena, 91104 - 4 bed, 2 bath
ACTIVE$1,099,000
1407 N Hill Avenue, Pasadena, California 91104
4Beds
2Baths
1,368Sqft
10,286Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in a highly desirable area of Pasadena, offering convenient access to the Rose Bowl, scenic hiking trails, vibrant restaurants, boutique shops, and Old Town.
Top Cons:
Age of Property: Built in 1952, the property is likely to require significant updates, renovations, and maintenance to modernize its features and maximize its 'endless potential'.
Compared to the nearby listings
Price:$1.10M vs avg $1.24M ($-141,000)31%
Size:1,368 sqft vs avg 2,018 sqft38%
Price/sqft:$803 vs avg $55692%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, the property's exterior shows significant age and neglect, with dated stucco, worn garage doors, old windows (some appearing boarded up), and cracked driveways. The presence of window AC units suggests outdated cooling systems. While no interior photos are provided, the overall condition and the listing's emphasis on 'potential' and 'tremendous upside possibility' for development (ADU, SB9) strongly indicate that the existing structures, including kitchens and bathrooms, are in a very dated state and require substantial repairs and rehabilitation to be comfortable or meet modern standards.
Year Built
1952
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$803
HOA
-
Days on market
-
Sold On
-
MLS number
BB25045905
Home ConditionPoor
Features
View-
About this home
Two on a Lot in a highly desirable location of Pasadena. Endless potential and incredible investment opportunity! Tremendous upside possibility! Expansive Lot. This property checks the box for both an investor seeking strong returns or an owner-occupant looking for additional rental income. Check with the city of Pasadena for adding an ADU, junior ADU, and utilizing SB9 to maximize the property's highest and best use. Close to the Rose Bowl, scenic hiking trails, vibrant restaurants, boutique shops, Old Town, and much more.
Condition Rating
Poor
Built in 1952, the property's exterior shows significant age and neglect, with dated stucco, worn garage doors, old windows (some appearing boarded up), and cracked driveways. The presence of window AC units suggests outdated cooling systems. While no interior photos are provided, the overall condition and the listing's emphasis on 'potential' and 'tremendous upside possibility' for development (ADU, SB9) strongly indicate that the existing structures, including kitchens and bathrooms, are in a very dated state and require substantial repairs and rehabilitation to be comfortable or meet modern standards.
Pros & Cons
Pros
Prime Location: Situated in a highly desirable area of Pasadena, offering convenient access to the Rose Bowl, scenic hiking trails, vibrant restaurants, boutique shops, and Old Town.
Income-Generating Duplex: The property features 'Two on a Lot' as a duplex, providing immediate residential income potential for investors or supplementary rental income for owner-occupants.
Development Potential: Offers significant upside possibility for expansion, including the potential to add an ADU, junior ADU, and utilize SB9 to maximize the property's highest and best use, subject to city approval.
Expansive Lot Size: Boasts an expansive 10,286 sqft lot, providing ample space for current structures, potential future development, and outdoor amenities.
Versatile Investment: Appeals to a broad range of buyers, from investors seeking strong returns to owner-occupants looking for additional rental income, due to its flexible configuration and potential.
Cons
Age of Property: Built in 1952, the property is likely to require significant updates, renovations, and maintenance to modernize its features and maximize its 'endless potential'.
No Specific View: The property description explicitly states 'view: None,' which may be a drawback for buyers seeking scenic vistas often found in desirable Pasadena locations.
Effort Required for Maximizing Potential: While offering 'tremendous upside possibility' through ADU/SB9, realizing this potential necessitates navigating city regulations, obtaining permits, and undertaking substantial construction, which can be a complex and time-consuming process.