1411 Coolidge Avenue, Pasadena, California 91104, Pasadena, 91104 - 2 bed, 1 bath

1411 Coolidge Avenue, Pasadena, California 91104 home-pic-0
ACTIVE$1,249,000
1411 Coolidge Avenue, Pasadena, California 91104
2Beds
1Bath
736Sqft
7,004Lot
Year Built
1945
Close
-
List price
$1.25M
Original List price
$1.35M
Price/Sqft
$1,697
HOA
-
Days on market
-
Sold On
-
MLS number
SR25108955
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.25M(38th), sqft - 736(3th), beds - 2(22th), baths - 1(22th).

APPROVED RTI, READY TO BUILD!! Nestled in a desirable Pasadena location, this property presents a rare opportunity to build your dream home while simultaneously generating income or accommodating extended family. Imagine the possibilities! This lot comes with approved plans for a stunning 2,750 square foot, two-story main residence. Picture yourself in a spacious layout featuring 3 generous bedrooms and the luxury of 4 well-appointed bathrooms. The plans also include a convenient 500 square foot garage, providing ample space for vehicles and storage. Adding to the incredible value, the existing house is perfectly positioned for conversion into an Accessory Dwelling Unit (ADU). Envision the potential for rental income, a private guest suite, or a comfortable living space for loved ones. This is more than just land; it's a head start on creating a multi-generational living situation or a smart investment opportunity in a sought-after neighborhood. Don't miss your chance to capitalize on these approved plans and build the lifestyle you've always envisioned. Inquire today for more details!

Price History

Date
Event
Price
08/06/25
Price Change
$1,249,000
05/15/25
Listing
$1,350,000
Condition Rating
Excellent

While the property was built in 1945, the listing emphasizes its potential for a new build with approved plans, and the existing 736 sqft structure is presented as a ready-to-use Accessory Dwelling Unit (ADU). The images of the existing ADU's interior (kitchen, living area, laundry, bedroom) clearly show a very recent and extensive renovation. The kitchen features modern white shaker cabinets, dark countertops, subway tile backsplash, and new stainless steel appliances. The flooring is new, and there's recessed lighting throughout. All visible components of the living space are new or virtually new, meeting current quality standards with no apparent deferred maintenance. This aligns with the 'Excellent' criteria for a fully renovated property.
Pros & Cons

Pros

Ready-to-Build (RTI) Status: The property boasts 'Ready To Issue' (RTI) approved plans for a new main residence and ADU, significantly reducing development time, cost, and permitting uncertainty for the buyer.
Income/Multi-Generational Potential: The existing structure is perfectly positioned for conversion into an Accessory Dwelling Unit (ADU), offering excellent potential for rental income or flexible multi-generational living.
Prime Pasadena Location: Nestled in a desirable and sought-after Pasadena neighborhood, the property benefits from strong market demand and long-term appreciation potential.
Custom New Build Opportunity: Approved plans for a spacious 2,750 sqft, two-story main residence with 3 bedrooms and 4 bathrooms, plus a 500 sqft garage, allow for a modern, custom-designed dream home.
Scenic Mountain Views: The property offers desirable mountain views, enhancing its aesthetic appeal and overall desirability for future residents.

Cons

Significant Construction Required: This is not a move-in ready home; buyers must undertake and finance the entire construction of the new main residence and the ADU conversion, which is a substantial project.
Current Structure's Limited Utility: The existing 1945-built, 736 sqft structure is small and outdated, serving primarily as a base for ADU conversion rather than a functional primary residence in its current state.
High Initial Investment: The list price, combined with the considerable costs associated with new construction and ADU conversion, represents a significant upfront financial commitment for a buyer.

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