203 Oaklawn Avenue, South Pasadena, California 91030, South Pasadena, 91030 - 6 bed, 7 bath
203 Oaklawn Avenue
South Pasadena, California 91030
Property Price
SUMMARY
Analysis of 203 Oaklawn Avenue, South Pasadena, California 91030 reveals a Prime Investment Opportunity with a current list price of $3,800,000—significantly undercutting the $3,966,767 Fair Market Value by 4%. This valuation gap indicates a +$166,767 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the South Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1912 historic Italian Revival estate is exceptionally well-preserved with original mahogany trim and architectural details, but it qualifies as 'fair' condition due to its 'time-capsule' state. Having been held by the same owner for nearly 50 years, the kitchen and bathrooms are functional but dated, and major systems like heating (radiators) and electrical likely require modernization to meet current standards. While move-in ready for a preservationist, it lacks the recent renovations required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Pedigree
Designed by G.L. Stimson as a smaller-scale interpretation of the iconic Wrigley Mansion, this Italian Revival estate offers exceptional historic character and world-class craftsmanship.
- Mills Act Tax Benefits
The property's designation as a South Pasadena Centennial Heritage Home provides significant property tax savings through its Mills Act status, a major financial incentive for a luxury estate.
- Versatile Living Spaces
With over 5,600 square feet of living space, six bedrooms, and a unique glass-walled backyard studio, the home offers rare scale and flexibility for work, creativity, and large-scale entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5622, other record living area = 5162.
- Historic Preservation Constraints
Being situated in the Oaklawn Historic District and under a Mills Act contract, any exterior renovations or modifications are subject to strict preservation guidelines and city approvals.
- Modernization Requirements
Available for the first time in nearly 50 years, this 1912-built home likely requires substantial investment to update infrastructure and systems to meet contemporary efficiency and technology standards.
About 203 Oaklawn Avenue
Welcome to the G.W. Stimson House - a historic, Italian Revival treasure in South Pasadena's prized Oaklawn Historic District. If the home's elegant design seems familiar, it's because renowned architect G.L. Stimson conceived it as a smaller-scale interpretation of his 1909 masterpiece, the Wrigley Mansion (Tournament House). Both properties were built by Stimson's father, G.W. Designated as a South Pasadena Centennial Heritage Home and offering significant property tax savings through its Mills Act status, 203 Oaklawn Ave is a celebration of old-world craftsmanship and timeless beauty. Exquisite curb appeal, a deep, covered front portico, and a distinguished facade establish an immediate sense of classic elegance. Inside, rich mahogany trim, handsome built-ins, and wrought iron detailing bask in the glow of abundant natural light. Whether hosting intimate gatherings or gala events, the home's grand scale and inviting social spaces elevate every occasion. From the sweeping formal living room, to the oversized central foyer, to the elegant dining room with original, hand-painted wallpaper by Mildred Bryant Brooks - you'll love bringing friends and loved ones together in such a beautiful setting. The main level also includes a spacious kitchen with a nearby bedroom en suite, radiant sunroom, bonus room, den, and access to a stunning veranda off the foyer. Five bedrooms and three bathrooms are found upstairs, ensuring you have plenty of space to grow into. You'll host countless joyful celebrations and soirees in the private backyard, where an expansive covered patio offers cooling shade while overlooking a peaceful fountain, grassy lawn, and lush landscaping. An architectural, glass-walled studio also rests in the backyard, offering a sun-drenched sanctuary for work, exercise, or creative projects. Available for the first time in nearly half a century, 203 Oaklawn Ave is more than just a beautifully preserved, historic home - it is a bridge connecting a remarkable past, a present worth savoring, and the future you always envisioned.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 13,600 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 91% |
| Baths | 7.0 | 3.0 | 98% |
| Square foot | 5,622 | 2,015.5 | 96% |
| Lot Size | 13,600 | 7,803.5 | 77% |
| Price | $3.80M | $1.98M | 91% |
| Price per sq ft | $676 | $1.0K | 9% |
| Built year | 1912 | 1926 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 160 | 7% |
Pricing History
Listed for Sale
Mar 4, 2026
$3,800,000
Initial Listing