147 Las Flores, Altadena, California 91001, Altadena, 91001 - 3 bed, 1 bath
Loading property details...
Altadena, California 91001
This Value-Add Residential Asset presents a High-Potential Investment Opportunity with a List Price of $697,000—positioned well below the $717,362 Fair Market Value by 2%. This valuation gap offers $20,362 in Instant Equity for buyers navigating the Restoration Condition Rating. Located in a prime foothill neighborhood with Mountain Views, the property includes plans for a garage rebuild following fire-related damage. Due to restricted financing, this is a high-upside project for Fix-and-Flip Investors or Contractors targeting the Pasadena Unified School District market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 Las Flores Subject | $697,000* List Price | 3 | 1 | 1,136 | $631 | - |
A 3624 Leilani Way Sold | $890,000 | 2 | 1 | 1,426 | $624 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property sustained damage from the Eaton Fire and requires significant restoration, including the complete rebuilding of a destroyed garage. While remediation is complete, the interior features an original 1950s kitchen and bathroom that are severely outdated. The requirement for cash or construction financing confirms the home is not in move-in condition and requires substantial rehabilitation.
Situated in a highly desirable neighborhood north of Altadena Drive, the property offers mountain views and immediate access to local hiking trails within a community seeing significant reinvestment.
As a 'light fixer' with remediation already completed and garage rebuild plans included, this property presents a significant opportunity for investors or homeowners to build equity through personalization.
The home retains desirable original elements including hardwood flooring throughout and established native landscaping with a built-in BBQ area, providing a strong aesthetic foundation.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6787, other record lot size in square feet = 6853.
Due to the property's current condition, it is limited to cash, hard money, or construction financing, which significantly narrows the pool of potential buyers.
Having sustained damage in the Eaton Fire, the property requires further restoration and the complete rebuilding of the garage, necessitating immediate capital and construction oversight.
Light Fixer in Altadena. Located in a desirable foothill neighborhood north of Altadena Drive, this 3-bedroom, 1-bath home sustained minimal damage in the Eaton Fire. Here is your opportunity to restore and personalize a home in an area where significant rebuilding and reinvestment are already underway. The property features hardwood floors throughout, lush native landscaping, and a built-in BBQ area in the backyard. Enjoy views of the surrounding mountains and close proximity to local hiking trails. Remediation has been completed, and plans to rebuild the former garage will be included in the sale. Due to the property's condition, cash, hard money, or construction financing is preferred.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 1,136 | 1,820 | 15% |
| Lot Size | 6,787 | 8,933 | 25% |
| Price | $697.0K | $1.24M | 6% |
| Price per sq ft | $614 | $721 | 34% |
| Built year | 1952 | 1947 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 176 | 7% |
Mar 9, 2026
$697,000
Initial Listing
Dec 27, 2002
$305,000
Public Record
Jun 28, 1996
$148,000
Public Record