
South Pasadena, California 91030
This Mediterranean-inspired Hillside Sanctuary is a Strong Value Opportunity, listed at $1,725,000—positioned well below the $1,911,120 Fair Market Value by 9%. This valuation gap provides $186,120 in Instant Equity. Boasting a Good Condition Rating, the residence features a versatile multi-level layout with separate entrances and scenic mountain views. Located in the elite South Pasadena School District, the property includes two lots with potential for up to four homes. This is a premier acquisition for Owner-Occupants seeking multi-generational living or Developers looking to maximize land utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1836 Peterson Avenue Subject | $1,725,000* List Price | 3 | 2 | 2,651 | $721 | - |
A 1515 Indiana Avenue Sold | $1,811,000 | 5 | 4 | 2,827 | $641 | 0.5 mi |
B 1033 Indiana Avenue Sold | $1,850,000 | 4 | 3 | 2,894 | $639 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was fully remodeled in 2013 (11 years ago) and recently refreshed with new flooring and paint. The kitchen and bathrooms feature well-maintained dark wood cabinetry, stone countertops, and stainless steel appliances. Given the 11-year age of the major systems and renovations, it fits the 10-20 year 'Good' criteria as a well-maintained, move-in ready home.
Situated in a prestigious South Pasadena enclave within a 10/10 top-rated school district, ensuring exceptional long-term value and desirability for families.
The unique floor plan features separate entrances, living areas, and decks on every level, providing an ideal setup for rental income or multi-generational living.
Set across two lots with the potential to develop up to four homes, this property offers a rare and lucrative opportunity for investors or builders to maximize the land's utility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2651, other record living area = 2275.
With only two bathrooms serving a 2,651 sq ft residence that can accommodate four bedrooms, the layout may feel underserved for larger households or luxury standards.
The hillside topography and reliance on terraced steps may present mobility challenges and increase the complexity and cost of future outdoor maintenance or construction.
Seller is offering a 2-1 mortgage rate buy down or a $100K seller second mortgage. Perched gracefully in the picturesque hills of South Pasadena, this private sanctuary exudes both elegance and versatility, nestled within a coveted 10/10 top-rated school district. This thoughtfully designed 3-bedroom, 2-bath residence spans 2,651 sq ft on a generous 9,060 sq ft lot, complemented by a bonus room adaptable as a fourth bedroom, home office, or creative studio. Fully remodeled in 2013, the home has been recently refreshed with pristine new flooring and freshly painted interiors, offering a seamless blend of modern comfort and timeless style. Every floor of this distinctive home features its own entrance, living room, and deck, creating versatile spaces for entertaining and relaxation. This rare layout also presents the opportunity to transform the residence into two separate living quarters—perfect for multi-generational living & dynamic layout or the potential to live in one unit while leasing the other. This Mediterranean-inspired charm home harmoniously merges classical design with contemporary elegance, creating an atmosphere of warmth, comfort, and Zen-like serenity. Each bedroom offers sweeping scenic vistas, where the gentle chorus of birdsong accompanies the start of each day. Terraced steps enhance both privacy and tranquility, crafting a serene hillside retreat unlike any other. The expansive backyard porch, an extraordinary feature in this hillside setting, invites a lifestyle of recreation and leisure, offering ample space for tennis, basketball, or imaginative outdoor living. Picture the possibilities: a pool, sunhouse, or even a treehouse, all framed by nature’s beauty. Set across two lots, the property provides remarkable development potential, with room for up to four homes (buyer to verify), making it a truly one-of-a-kind opportunity in one of South Pasadena’s most prestigious enclaves. This is more than a home—it’s a rare canvas for elevated living, creativity, and serenity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,651 | 1,997 | 67% |
| Lot Size | 8,984 | 7,502.5 | 63% |
| Price | $1.73M | $1.92M | 33% |
| Price per sq ft | $651 | $1.1K | 9% |
| Built year | 2013 | 1926 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 107 | 9% |
Mar 16, 2026
$1,725,000
Initial Listing
Oct 29, 2013
$860,000
Public Record
Apr 11, 2012
$470,004
Public Record
Apr 12, 2011
$360,000
Public Record