2081 Summit, Altadena, California 91001, Altadena, 91001 - 2 bed, 1 bath
Loading property details...
2081 Summit
Altadena, California 91001
ACTIVE
CONDITION: POOR
2Beds
1Baths
899Sq Ft
8,916Lot Size
Property Price
LIST PRICE$998,000
EST. MARKET VALUE
$955,373
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $998,000—positioned slightly above the $955,373 Fair Market Value. While the current structure is a Condition Rating 5, the expansive 8,916 square foot lot offers significant development potential for expansion or an ADU. The property features a recently renovated kitchen, providing a functional base for further structural improvements. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to leverage the Pasadena Unified School District location for long-term value.
Estimated Market Value
$955,373
Based on Realkey algorithm analyzing recent comparable sales in Altadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2081 Summit Subject | $998,000* List Price | 2 | 1 | 899 | $1,063 | - |
A 2246 Glenrose Avenue Active | $960,000 List Price | 0 | 0 | 1,124 | $854 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1932, the property is marketed as an 'investor's dream' with a focus on land potential. Although the kitchen features a recent modern renovation with white shaker cabinets and updated flooring, the exterior siding, dilapidated outbuildings, and overall age suggest significant deferred maintenance and the need for a comprehensive rehab of structural systems and the building envelope.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8916, living area = 899.
- Significant Development Potential
Marketed as an investor's dream, the property offers immense upside for redevelopment or expansion, with neighboring homes serving as successful benchmarks for what can be achieved on this site.
- Generous Lot Size
The expansive 8,916 square foot parcel provides a substantial footprint for a large-scale renovation, a complete rebuild, or the addition of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
At nearly $1,000,000 for under 900 square feet of living space, the entry price is exceptionally high, placing the financial burden on the land value and future development costs.
- Small Existing Footprint
The current 2-bedroom, 1-bathroom structure is undersized for modern market expectations, necessitating a significant additional investment to make the home functional for contemporary families.
About 2081 Summit
2 bedroom and 1 bathroom, total parcel size is 8,913. An investors dream property, both neighboring properties are a perfect example of the possibilities of this property. Shown by appointment only. Do not contact or disturb the owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1932
- Lot Size
- 8,916 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 899 | 2,151.356 |
| Lot Size | 8,916 | 10,984.254 |
| Price | $998.0K | $1.59M |
| Price per sq ft | $1.1K | $791 |
| Built year | 1932 | 1947 |
| HOA | $0 | $473 |
| Days on market | 30 | 53 |
Pricing History
Listed for Sale
Aug 10, 2026
$998,000
Initial Listing