190 S Craig Avenue, Pasadena, California 91107, Pasadena, 91107 - 0 bed, 0 bath
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Pasadena, California 91107
This Craftsman Bungalow triplex represents a High-Potential Investment Opportunity, listed at $1,480,000—positioned above the $1,204,385 Fair Market Value. While the property requires cosmetic updates given its Condition Rating of 4, the unit mix and prime location near Caltech and Pasadena City College ensure consistent rental demand. The expansive 8,836 sqft lot offers significant development potential, including the possibility of an ADU. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage the vacant unit for immediate occupancy or market-rate leasing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 190 S Craig Avenue Subject | $1,480,000* List Price | 0 | 0 | 1,734 | $695 | - |
A 414 Ne Linda Rosa Ave 416 Sold | $1,400,000 | 4 | 3 | 2,139 | $655 | 0.8 mi |
B 44 N Berkeley Avenue Active | $1,100,000 List Price | 0 | 0 | 1,436 | $766 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the 1912 exterior is well-maintained with good curb appeal, the interior kitchen is dated with older appliances, tile flooring, and cabinetry likely exceeding 20 years in age. The property is functional and move-in ready but requires cosmetic updates to meet modern market standards.
The property is ideally situated within walking distance to major landmarks including Caltech, Pasadena City College, and The Huntington Library, ensuring consistent high rental demand.
With one unit currently vacant, the property offers an immediate opportunity for an owner-occupant to move in or for an investor to lease at current market rates without relocation costs.
The expansive 8,836 square foot rectangular lot provides significant outdoor space and potential for future expansion or the addition of an Accessory Dwelling Unit (ADU).
Built in 1912, the property may require higher ongoing maintenance and potential capital expenditures for aging plumbing, electrical, or structural systems common in historic Craftsman homes.
With a total of 1,734 square feet divided among three units, the individual living spaces are relatively small, which may limit the rental ceiling compared to more modern, spacious alternatives.
Well-maintained and beautifully landscaped classic Craftsman Bungalow triplex located in desirable East Pasadena. The property features charming curb appeal with a welcoming front porch spanning the main entryway. Situated within walking distance to Pasadena City College, California Institute of Technology, and The Huntington Library. The property sits on a large rectangular lot and offers an excellent unit mix consisting of two (2B+1B) and one (1B+1B) units. One unit is currently vacant, providing an immediate opportunity for an owner-occupant or the potential to lease at market rent. Additional features include separately metered gas and electricity, on-site coin laundry for additional income, and storage sheds in the rear.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,734 | 2,217 |
| Lot Size | 8,836 | 8,545 |
| Price | $1.48M | $1.20M |
| Price per sq ft | $854 | $647 |
| Built year | 1912 | 1947 |
| HOA | $0 | $0 |
| Days on market | 22 | 81 |
Jun 30, 2026
$1,480,000
Initial Listing
May 6, 2010
$580,000
Public Record
Feb 22, 2005
$738,000
Public Record
May 7, 2003
$365,000
Public Record