
Pasadena, California 91104
This 1931 Spanish-style residence represents a Strong Value Opportunity, listed at $1,175,000—positioned well below the $1,265,252 Fair Market Value by 7%. This valuation gap provides $90,252 in Instant Equity. With a Fair Condition Rating, the property features R-3 Limited Density Multiple Residence zoning on a large 8,065 sqft lot, offering significant potential for ADU development. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage unincorporated LA County's flexible building regulations for long-term wealth creation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2080 E Washington Boulevard Subject | $1,175,000* List Price | 4 | 3 | 2,096 | $604 | - |
A 2030 Paloma Street Sold | $1,360,000 | 4 | 2 | 1,905 | $714 | 0.7 mi |
B 2175 Queensberry Road Sold | $1,325,000 | 3 | 2 | 2,012 | $659 | 0.3 mi |
C 1563 Valencia Avenue Sold | $1,200,000 | 2 | 2 | 1,801 | $666 | 0.5 mi |
D 1908 Oakwood Street Sold | $1,375,000 | 3 | 2 | 2,284 | $602 | 0.5 mi |
E 1645 Coolidge Sold | $1,025,000 | 3 | 2 | 1,808 | $567 | 0.6 mi |
F 1453 Bresee Avenue Sold | $1,200,000 | 3 | 2 | 1,656 | $725 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1931, the home features a recently renovated bathroom with modern subway and penny tile, but the presence of window AC units and the listing's suggestion to 'update' indicate that the kitchen and primary systems are likely dated and require modernization.
The property is situated on a large 8,065 sqft lot with R-3 zoning in unincorporated LA County, offering significant opportunities to add multiple ADUs or additional units for rental income.
This 1930s Spanish-style residence retains its historic charm with original detailing, arched doorways, hardwood floors, and cozy fireplaces, providing a unique aesthetic foundation.
Located in unincorporated LA County, the property benefits from being exempt from Pasadena's strict building codes and rent control regulations, offering more flexibility for owners and investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
Built in 1931, the home likely requires updates to its core systems and interior finishes to meet modern living standards and energy efficiency.
Positioned on East Washington Boulevard, the property may experience increased street noise and traffic volume compared to more secluded residential pockets.
Here is your opportunity to purchase a charming 1930's Spanish home on a large lot in the beautiful East Washington Village area of Pasadena. The possibilities are endless with this special property . . . You can move right in and update after getting a "feel" for how you'd like to live in the home; you could add an ADU (or 2!) in the spacious backyard for multi-generational living /extra income; or be that savvy investor you've always wanted to become and add several units to maximize the LA County R-3 Limited Density Multiple Residence zoning. The home features an open, flexible floor plan that is perfect for entertaining along with original detailing, arched doorways, hardwood floors and cozy fireplaces. You can look forward to hosting al fresco dinner parties on the large back patio or perhaps you can just throw some burgers on the grill while you watch the kids play tag in the grassy yard. After a hard day you can unwind with a nice glass of wine on the front porch or curl up with a good book by living room fireplace. The property is also conveniently close to some of Pasadena's best dining, shopping, and nightlife. There is also easy access to public transportation and you are just around the corner from Pepper Drive's bike parade on the 4th of July. It is important to note that this home is located in unincorporated LA County so you will not have to deal with Pasadena's strict building codes or rent control. Hopefully, you will be the lucky buyer who gets to discover all the potential of this special property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 2,096 | 1,637 | 80% |
| Lot Size | 8,065 | 7,508 | 65% |
| Price | $1.18M | $1.32M | 28% |
| Price per sq ft | $561 | $887 | 1% |
| Built year | 1931 | 1925 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 116 | 4% |
May 28, 2026
$1,175,000
Initial Listing
Aug 15, 2005
$695,000
Public Record
Apr 28, 2003
$415,000
Public Record
Aug 9, 1993
$215,000
Public Record