
San Marino, California 91108
This Spanish-style residence represents a High-Potential Investment Opportunity, listed at $6,230,000—positioned slightly above the $6,048,088 Fair Market Value. While the structure is fully depreciated, the property offers significant land value within the prestigious San Marino Unified School District. Featuring a 25,624 sqft lot, solid oak flooring, and a detached guest house, the home provides a rare canvas for modernization. With a Condition Rating of 4, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to renovate a legacy estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1455 Granada Avenue Subject | $6,230,000* List Price | 6 | 6 | 6,047 | $909 | - |
A 2280 S Oak Knoll Avenue Sold | $5,250,000 | 5 | 7 | 6,369 | $824 | 0.2 mi |
B 1520 Chelsea Road Sold | $5,880,000 | 5 | 5 | 4,402 | $1,336 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928 with various aged renovations. While the home is well-maintained and move-in ready, the kitchen and bathrooms feature dated finishes (tile counters, pedestal sinks) likely over 20 years old. The listing explicitly states the structure is 'fully depreciated' and the value is primarily in the land, indicating it needs modern updates to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25624, living area = 6047.
Situated in the prestigious San Marino Unified School District, this property features an expansive 25,624 sqft lot, offering significant land value and rare scale for the area.
The 6,047 sqft Spanish-style residence boasts timeless appeal with solid oak and granite flooring, a circular driveway, and a spacious six-bedroom layout that maintains its original charm.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6047, other record living area = 5824. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Built in 1928, the structure is considered fully depreciated from an economic standpoint, which may require significant long-term investment in systems and modernization.
The detached guest house is currently limited to storage use, requiring potential renovation and permitting to transition it into a functional living space or ADU.
This home was built in 1928 and has been owned by several owners over the years. Each owner made improvements and additions to help maintain the property. From an economic point of view, the structure is about 98 years old and has been fully depreciated. The main value of the property comes from the land, the location, the lot size, and the unique architectural style. The house is a two-story home with a small basement used for equipment and storage. There is also a detached guest house that is currently used for storage. Although the structure is older, the home has been well maintained and is in move-in condition. The house features classic Spanish-style architecture. At the front of the property there are two metal gates and a circular driveway for easy access and parking. The yard includes several mature fruit trees, including two avocado trees, grapefruit, white peach, mango, persimmon, navel orange, and lemon trees. Inside the home, there are two master bedrooms located on the second floor. The house has no carpet. Most areas have solid oak wood flooring, and some areas have granite flooring. Overall, this property offers a rare opportunity to own a home with character, a large lot, and a desirable location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.1 |
| Baths | 6.0 | 3.8 |
| Square foot | 6,047 | 3,129.462 |
| Lot Size | 25,624 | 14,189.885 |
| Price | $6.23M | $3.12M |
| Price per sq ft | $1.0K | $1.1K |
| Built year | 1928 | 1945 |
| HOA | $0 | $0 |
| Days on market | 173 | 45 |
Mar 20, 2026
$6,230,000
Initial Listing
Aug 30, 1999
$1,300,000
Public Record