
Pasadena, California 91107
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $1,198,000—positioned above the $1,032,167 Fair Market Value. While the property requires capital for modernization, its Fair Condition Rating is offset by a versatile 680 sq ft Detached Guest House, perfect for rental income or multigenerational living. The property features a covered front porch and original fireplace, offering significant upside through cosmetic renovation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the prime Pasadena location for long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1838 Wagner Street Subject | $1,149,000* List Price | 3 | 2 | 1,369 | $830 | - |
A 585 Palo Verde Avenue Sold | $1,055,000 | 2 | 1 | 1,126 | $937 | 0.2 mi |
B 2556 E Villa Street Sold | $1,300,000 | 4 | 2 | 1,684 | $772 | 0.8 mi |
C 2187 E Villa Active | $1,300,000 List Price | 3 | 2 | 1,520 | $855 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1926, this property is well-maintained but features a kitchen and bathroom that appear to be 20-30 years old based on the oak cabinetry and tile work. The listing description explicitly notes 'opportunities for future enhancement,' which aligns with the Fair criteria for dated interiors requiring modern updates.
The property includes a substantial 680 sq ft detached guest house with an ensuite bedroom, providing excellent versatility for rental income, multigenerational living, or a private home office.
Built in 1926, the home features timeless period details including coved ceilings, an original fireplace, and a classic covered front porch, all situated on a picturesque tree-lined street.
Ideally located near Caltech, Pasadena City College, and the Metro A Line, the property offers high convenience for commuters and academics while remaining close to nature at Eaton Canyon.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The description indicates the kitchen and utility rooms are prime for 'future enhancement,' suggesting that the interior may require a significant capital investment to meet modern aesthetic and functional standards.
Given the 1926 construction date, the property likely requires ongoing maintenance or upgrades to aging systems such as plumbing, electrical, and insulation common in century-old homes.
Price Improvement! Discover exceptional value in this charming Pasadena property offering timeless character, flexible living, and the rare advantage of a detached guest house. Nestled along a picturesque, tree-lined residential street, this unique property presents an outstanding opportunity for multigenerational living, extended family, guests, a private home office, creative studio, fitness room, or potential rental income.The inviting 2-bedroom, 1-bath main residence welcomes you with a covered front porch, perfect for relaxing and enjoying the neighborhood's charm. Beyond the glass-paned front door, the spacious living room features coved ceilings, period details, and an original fireplace. The adjacent dining room also showcases a coved ceiling and French doors opening to a side porch, creating a seamless indoor-outdoor setting for dining and entertaining. Two generously sized bedrooms offer ample closet space, while the kitchen and adjoining utility room provide functionality with opportunities for future enhancement.The detached guest house is what truly sets this property apart. Offering approximately 640 square feet, it features a spacious living area, private ensuite bedroom, and abundant storage -- providing exceptional flexibility for today's lifestyle needs and long-term value.Set on an approximately 6,700-square-foot lot, the property is surrounded by mature persimmon, lemon, tangerine, grape, and fig trees, with generous gardening space and plenty of room to create inviting outdoor living areas. Conveniently located near Victory Park, Eaton Canyon, Hastings Ranch, Caltech, Pasadena City College, the Metro A Line, and the 210 Freeway, this character-filled property is now offered at an exceptional new price. Don't miss this rare opportunity to own a Pasadena home with two separate living spaces and endless possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,369 | 1,839.942 |
| Lot Size | 6,703 | 8,508.491 |
| Price | $1.15M | $1.65M |
| Price per sq ft | $839 | $914 |
| Built year | 1926 | 1934 |
| HOA | $0 | $449 |
| Days on market | 56 | 45 |
Aug 8, 2026
$1,149,000
$1,198,000
-4% Price Drop
Initial Listing
Jul 15, 2026
$1,198,000
Initial Listing
Apr 13, 2001
$225,000
Public Record