
Pasadena, California 91107
This property presents a High-Potential Investment Opportunity with a List Price of $488,000—positioned well below the $490,166 Fair Market Value by 0.44%. This valuation gap offers $2,166 in Instant Equity. Featuring a Poor Condition Rating due to its original 1980s interior, the unit serves as a blank canvas for modernization. Its transit-oriented location near the Gold Line ensures strong rental demand. This is a compelling Value-Add Asset ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 141 N Parkwood Ave 7 Subject | $488,000* List Price | 2 | 3 | 938 | $523 | - |
A 2444 E Del Mar Boulevard 208 Active | $540,000 List Price | 1 | 1 | 891 | $606 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 44 years old (built 1980) and remains in original condition with no renovations. The kitchen and bathrooms are severely dated, featuring original cabinetry and finishes that require a full rehab. Per the criteria, homes over 30 years old without updates are classified as poor.
The property is ideally situated within walking distance to the Los Angeles Metro Gold Line, offering convenient and sustainable commuter access to Downtown Los Angeles and surrounding areas.
Being offered by the original owner for the first time since 1980, this 'blank canvas' unit provides a rare opportunity for investors or homeowners to modernize and build immediate equity.
The monthly HOA dues of $385 are notably competitive for the Pasadena area, especially considering they cover trash collection and the maintenance of a well-kept complex.
The kitchen and bathrooms retain their original 1980s condition, requiring a significant additional investment in renovations to meet modern aesthetic and functional standards.
With only one covered parking space and a compact 938-square-foot footprint, the property may be less suitable for multi-vehicle households or those seeking more expansive living areas.
Welcome to this well-maintained, first-time-on-the-market condominium located in Pasadena. Owned by the original owner since 1980, this 2-bedroom, 2-bath residence offers a rare opportunity to personalize a home with great bones in a prime location. Spanning approximately 938 square feet, the unit features a functional layout with a spacious living area, dedicated dining space, and a private balcony overlooking the rear of the building—providing a quiet retreat for morning coffee or evening relaxation. The home is equipped with central heating and air conditioning for year-round comfort. The kitchen and baths retain their original charm, offering a blank canvas for buyers seeking to update and add value. Additional highlights include: • Low HOA dues, covering trash collection • One covered parking space with additional storage space • Well-kept complex with long-term ownership pride Ideally situated within walking distance to the Los Angeles Metro Gold Line, providing convenient access to Downtown Los Angeles and surrounding areas. Close proximity to shopping, dining, and local amenities further enhances the appeal of this centrally located home. Whether you're a first-time buyer, downsizer, or investor, this is a compelling opportunity to secure a property in Pasadena with strong upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 938 | 1,423 | 15% |
| Lot Size | 15,185 | 17,821 | 38% |
| Price | $488.0K | $785.0K | 8% |
| Price per sq ft | $520 | $552 | 31% |
| Built year | 1980 | 1980 | 50% |
| HOA | $385.0 | $440 | 31% |
| Days on market | 13 | 86 | 15% |
May 24, 2026
$488,000
Initial Listing