
Pasadena, California 91107
This property presents a High-Potential Investment Opportunity with a List Price of $999,999—positioned well below the $1,009,983 Fair Market Value by 1%. This valuation gap offers $9,984 in Instant Equity for buyers. Featuring a Fair Condition Rating and a Detached Studio, the home requires modernization to maximize its rental income potential in the Pasadena Unified district. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to leverage the property's significant value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 191 S San Gabriel Subject | $999,999* List Price | 4 | 3 | 1,650 | $612 | - |
A 3227 E Del Mar Boulevard Sold | $1,180,000 | 4 | 2 | 1,644 | $718 | 0.6 mi |
B 397 Avocado Lane Sold | $840,000 | 3 | 2 | 1,192 | $705 | 0.9 mi |
C 2797 Mataro Sold | $725,000 | 2 | 1 | 1,097 | $661 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945 and marketed specifically as an investor/developer opportunity, the property is over 80 years old with no evidence of major system updates. The exterior shows significant wear and peeling paint, and the listing's call for 'modernization' and 'sweat equity' indicates the kitchen, baths, and systems likely require a full rehab to meet current standards.
Situated in highly desirable Southeast Pasadena near San Marino and Caltech, the property offers exceptional proximity to elite educational institutions and major transportation corridors.
The detached garage has been converted into a 1-bedroom, 1-bathroom studio, providing immediate flexibility for rental income, a home office, or multi-generational living.
Priced competitively for the area, this property presents a major opportunity for investors or owner-occupants to build equity through modernization and renovation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1650, other record living area = 1444. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The home is marketed as an investor opportunity needing modernization, which requires immediate additional capital investment and contractor coordination.
With a 5,458 sq. ft. lot accommodating both the 1,650 sq. ft. main residence and a detached studio, the remaining private yard space is relatively constrained.
Investor opportunity in a highly desirable Southeast Pasadena location! This 4-bedroom, 3-bathroom, 1,650 sq. ft. home offers tremendous upside for an investor, developer, or buyer looking to renovate and create value. The property features a functional floor plan, spacious living areas, and a detached garage converted into a 1-bedroom, 1-bathroom studio, providing additional flexibility and potential income opportunities. The main residence is ready for light renovation and modernization, making this an excellent opportunity to add sweat equity and reposition the property. Conveniently located near San Marino, Caltech, Pasadena City College, shopping, dining, schools, and major transportation corridors, the property combines a strong Pasadena location with significant value-add potential. Whether your strategy is to renovate and resell, hold as a long-term investment, or create a multi-generational living environment, 191 S San Gabriel Blvd presents an opportunity to unlock additional value in one of Southern California's most established communities. Bring your vision, your contractor, and your creativity, this Pasadena property is ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,650 | 1,839.942 |
| Lot Size | 5,458 | 8,508.491 |
| Price | $1000.0K | $1.65M |
| Price per sq ft | $606 | $914 |
| Built year | 1945 | 1934 |
| HOA | $0 | $449 |
| Days on market | 14 | 45 |
Aug 26, 2026
$999,999
Initial Listing
Nov 26, 2003
$360,000
Public Record