
Altadena, California 91001
This 1940 California Ranch is a Strong Value Opportunity, listed at $1,998,000—positioned well below the $2,255,906 Fair Market Value by 11%. This valuation gap offers $257,906 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts a sparkling pool, mountain views, and a 17,500+ SF lot. With its timeless architecture and updated interiors, this property balances lifestyle luxury with financial upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premier Altadena residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1973 Midwick Drive Subject | $1,998,000* List Price | 4 | 3 | 2,507 | $900 | - |
A 1485 E Mendocino Street Sold | $2,101,485 | 3 | 3 | 2,340 | $898 | 0.6 mi |
B 2197 Allen Avenue Sold | $1,812,000 | 2 | 2 | 1,954 | $927 | 0.1 mi |
C 1790 Braeburn Road Sold | $1,890,000 | 3 | 4 | 2,536 | $745 | 0.3 mi |
D 1875 Braeburn Road Sold | $1,411,000 | 3 | 2 | 1,820 | $775 | 0.3 mi |
E 1724 E Loma Alta Drive Active | $2,495,000 List Price | 4 | 3 | 2,596 | $961 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1940, this home has been well-maintained and features tasteful renovations. The kitchen is updated with stainless steel appliances and butcher block countertops, and the bathrooms are explicitly noted as updated. While it retains classic elements like steel casement windows and original hardwood floors, the overall condition is move-in ready and functional, consistent with a 5-15 year renovation cycle.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17567, living area = 2507.
The massive 17,500+ SF flat lot features a sparkling pool, mature landscaping, and breathtaking mountain views, offering a premier indoor-outdoor Southern California lifestyle.
This 1940 California Ranch showcases exceptional craftsmanship with narrow-plank hardwood floors, plaster walls, and steel casement windows, blending historic charm with modern updates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2507, other record living area = 2419. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property features a carport rather than a traditional enclosed garage, which may limit secure vehicle storage and appeal for some buyers at this price point.
The living room features a decorative fireplace, which may lack the functionality of a traditional wood-burning or gas-insert unit for heating or ambiance.
On quiet Midwick Drive, a sculptural front garden featuring Mediterranean and California native plantings introduces this 1940 California Ranch home. From the approach, this property has the rarefied character of a place that encourages a deep exhale. A curving front path lined with river rock and gravel encourages visitors to slow a bit to take in the stunning mountain view, birdsong, and cool shade from towering Canary Island Pines. Classic materials and details of 1940 craftsmanship abound: troweled stucco walls, the covered brick front porch with wood posts and decorative sawn braces, the wood shutters with scrolled holdbacks. Inside, quality construction is evident in the narrow-plank hardwood floors and plaster walls, with hand-finished gentle curves at the edges of window and door recesses. Offering 4 bedrooms and 3 baths, this single-level home enjoys an easy floor plan designed to maximize natural light. Visitors enter into the formal living room, which features a stacked brick decorative fireplace and custom built ins. The relaxed dining room space opens into a timeless eat-in kitchen and adjacent family room with shiplap walls. Steel casement windows and french doors open to a sunny backyard with captivating mountain views, a covered patio, and a sparkling pool; a hallmark of this home is the ever-present flow between inside and outside. Private spaces here are elegant: bedrooms and hallways and refined and comfortable, with convenient access to updated baths. The enviable primary suite is just separated enough to give the air of a boutique hotel bungalow, with vaulted beadboard ceiling, direct backyard access, and large stylish skylit bath. Outside, find the best of Southern California living on this 17,500+ SF property: a large flat lawn anchored by a mature Sequoia, fruit trees and vines, space for raised bed gardens, and a separated grilling area. A 361 SF carport and an adjoining 118 SF bonus room provide additional storage and workspace options for this idyllic residence in one of the most scenic pockets of Altadena, where historic properties and beautiful gardens line wide, gently curving streets. Convenient to trails, charming local markets, restaurants and retail, this is a home to cherish.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 2,507 | 1,863 | 73% |
| Lot Size | 17,567 | 8,701 | 89% |
| Price | $2.00M | $1.36M | 81% |
| Price per sq ft | $797 | $768 | 56% |
| Built year | 1940 | 1947 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 129 | 6% |
May 22, 2026
$1,998,000
Initial Listing
Dec 3, 2001
$799,000
Public Record
Jan 11, 1995
$415,000
Public Record