1815 N Michigan Avenue, Pasadena, California 91104, Pasadena, 91104 - 2 bed, 1 bath
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1815 N Michigan Avenue
Pasadena, California 91104
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,000Sq Ft
7,040Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,130,464
14% AboveMARKET VALUE
SUMMARY
This Spanish Revival Home represents a High-Potential Investment Opportunity, listed at $1,329,000—positioned above the $1,172,683 Fair Market Value. While the price reflects a premium, the property offers significant utility through its 437 sqft unpermitted garage conversion and 7,040 sqft lot. Featuring a Fair Condition Rating and iconic Batchelder fireplace, the home provides a foundation for value-add renovations. With proximity to Pasadena Unified schools, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with long-term appreciation potential in a historic neighborhood.
Estimated Market Value
$1,130,464
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1815 N Michigan Avenue Subject | $1,299,000* List Price | 2 | 1 | 1,000 | $1,130 | - |
A 1182 N Mar Vista Sold | $1,210,000 | 3 | 1 | 1,239 | $977 | 0.7 mi |
B 1643 Whitefield Road Sold | $1,300,000 | 2 | 1 | 950 | $1,368 | 1.0 mi |
C 1255 N Dominion Avenue Sold | $1,200,000 | 3 | 1 | 1,296 | $926 | 0.9 mi |
D 1913 Hanford Pending | $929,000 List Price | 3 | 2 | 958 | $970 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the home is well-maintained and move-in ready, the kitchen features dated blue tile countertops and cabinetry likely exceeding 20 years in age. The 1923 structure has had some updates, such as the bathroom, but the overall aesthetic and unpermitted garage conversion align with the 'Fair' criteria for properties needing modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7040, living area = 1000.
- Historic Architectural Charm
This 1923 Spanish Revival home features iconic period details, including original hardwood floors and a rare Batchelder fireplace, situated in the highly desirable Historic Highlands neighborhood.
- Versatile Additional Living Space
A 437 sqft converted garage provides two flexible rooms and a bathroom, offering significant utility as a home office, studio, or guest space beyond the main residence's footprint.
CONSRISKS & DEFICIENCIES
- Unpermitted Improvements
The 437 sqft garage conversion was completed without permits, which may present challenges regarding building code compliance, appraisal valuations, and future financing.
- Compact Primary Footprint
With only 1,000 sqft of permitted living space and a single bathroom, the main home's layout may feel restrictive for buyers seeking more traditional interior volume at this price point.
About 1815 N Michigan Avenue
Welcome to this charming, lovingly maintained Spanish Revival home in the Historic Highlands neighborhood. The light-filled living room features a picture window, beautiful hardwood floors, and an iconic Batchelder fireplace that adds timeless character. The home also offers an updated bathroom and a convenient laundry room. Outside, the gated private yard provides a peaceful retreat with a cozy, secluded hot tub, lush landscaping, and mature shade trees—perfect for relaxing or entertaining. The detached two-car garage has been converted to, without permits, into a versatile 437 sqft space featuring two rooms and a bathroom with a shower. With abundant cabinets and storage, this flexible area is ideal for a home office, exercise room, studio. A wonderful opportunity to own a character-filled home with charm, privacy, and versatile additional space. The assessor’s square footage is 1,000 sq/ft and shows the home as a 2 bed/1 bath. Buyer to independently verify any and all information and conduct their own independent investigations regarding the square footage and property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 7,040 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pasadena Unified Schools
Longfellow (Henry W.) Elementary School
Grades K-5 • 0.6 mi
4/10
Charles W. Eliot Middle School
Grades 6-8 • 0.6 mi
3/10
Pasadena High School
Grades 9-12 • 2.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,000 | 1,839.942 |
| Lot Size | 7,040 | 8,508.491 |
| Price | $1.30M | $1.65M |
| Price per sq ft | $1.3K | $914 |
| Built year | 1923 | 1934 |
| HOA | $0 | $449 |
| Days on market | 26 | 45 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,299,000
$1,329,000
-2% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$1,329,000
Initial Listing
Sold
Jan 8, 2015
$619,000
Public Record
Sold
Sep 27, 1996
$197,000
Public Record