203 Oaklawn Avenue, South Pasadena, California 91030, South Pasadena, 91030 - 6 bed, 7 bath
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203 Oaklawn Avenue
South Pasadena, California 91030
ACTIVE
CONDITION: FAIR
6Beds
7Baths
5,622Sq Ft
13,600Lot Size
Property Price
LIST PRICE$3,250,000
EST. MARKET VALUE
$3,161,166
SUMMARY
This historic Italian Revival Estate represents a High-Potential Investment Opportunity, listed at $3,250,000—positioned well above the $3,154,626 Fair Market Value by 3%. While the property requires modernization of mechanical systems, its Mills Act status provides significant tax advantages. Featuring 5,622 sq. ft. of living space, a glass-walled studio, and a covered patio, the home offers immense architectural character. Given the 143 days on market, this is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking a historic restoration project.
Estimated Market Value
$3,161,166
Based on Realkey algorithm analyzing recent comparable sales in South Pasadena.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1912 and offered for the first time in 50 years, this historic estate is exceptionally well-preserved but technically dated. While the 'Mills Act' status indicates structural integrity, the kitchen and bathrooms reflect older renovation styles (>20 years), and the long-term ownership suggests that major systems (HVAC/Electric) likely require modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Pedigree & Tax Benefits
Designed by G.L. Stimson and designated as a Centennial Heritage Home, the property qualifies for the Mills Act, offering significant property tax savings for the owner.
- Architectural Grandeur
This Italian Revival estate features over 5,600 sq. ft. of living space with exquisite craftsmanship, including rich mahogany trim, wrought iron detailing, and original hand-painted wallpaper.
- Versatile Bonus Spaces
The property includes a unique glass-walled architectural studio in the backyard and a spacious sunroom, providing ideal spaces for creative work, exercise, or a home office.
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.
- Market Stagnation
With 143 days on market and a price reduction of $550,000 from the original list price, the property has struggled to find a buyer at its initial valuation.
- Potential Modernization Needs
Available for the first time in nearly 50 years, the home likely requires substantial investment to update mechanical systems and interiors to meet modern luxury 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 |
|---|---|---|
| Beds | 6.0 | 3.6 |
| Baths | 7.0 | 2.3 |
| Square foot | 5,622 | 1,933 |
| Lot Size | 13,600 | 8,564.167 |
| Price | $3.25M | $2.16M |
| Price per sq ft | $578 | $1.0K |
| Built year | 1912 | 1942 |
| HOA | $0 | $0 |
| Days on market | 189 | 40 |
Pricing History
Listed for Sale
Jun 18, 2026
$3,250,000
$3,500,000
-7% Price Drop
Initial Listing
Price Change
Apr 10, 2026
$3,500,000
$3,800,000
-8% Price Drop
Initial Listing
Price Change
Mar 4, 2026
$3,800,000
Initial Listing