1838 Wagner Street, Pasadena, California 91107, Pasadena, 91107 - 3 bed, 2 bath
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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 | $1,198,000* List Price | 3 | 2 | 1,369 | $754 | - |
A 2556 E Villa Street Sold | $1,300,000 | 4 | 2 | 1,684 | $772 | 0.8 mi |
B 585 Palo Verde Avenue Sold | $1,055,000 | 2 | 1 | 1,126 | $937 | 0.2 mi |
C 1982 Corson Street Sold | $855,000 | 2 | 1 | 1,080 | $792 | 0.2 mi |
D 156 S Berkeley Avenue Sold | $1,500,000 | 3 | 2 | 1,648 | $910 | 0.7 mi |
E 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.
Nestled along a picturesque, tree-lined residential street, this inviting Pasadena property offers timeless character, flexible living options, and exceptional potential. The 2-bedroom, 1-bath main residence welcomes you with a covered front porch, ideal for relaxing and enjoying the charm of the neighborhood. Beyond the glass-paned front door, the spacious living room features coved ceilings, period details, and an original fireplace. The adjacent dining room also offers a coved ceiling and French doors opening to a side porch, creating an inviting extension for dining and entertaining. Two generously sized bedrooms provide ample closet space, while the kitchen and adjoining utility room offer functionality and opportunities for future enhancement. Exceptional opportunity knocks with a well-designed detached guest house sets this property apart. Offering approximately 680 square feet, it includes a spacious living area, private ensuite bedroom, and abundant storage. This versatile space is ideal for multigenerational living, guests, a private office, fitness room, creative studio, or potential rental income.Situated on an approximately 6,700-square-foot lot, the property features mature persimmon, lemon, tangerine, grape, and fig trees, along 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 a wonderful opportunity to reside, reimagine, and create a lifestyle uniquely your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,369 | 1,739.5 |
| Lot Size | 6,703 | 7,979 |
| Price | $1.20M | $1.62M |
| Price per sq ft | $875 | $897 |
| Built year | 1926 | 1936 |
| HOA | $0 | $250 |
| Days on market | 7 | 45 |
Jul 15, 2026
$1,198,000
Initial Listing
Apr 13, 2001
$225,000
Public Record