209 Carlton, Pasadena, California 91103, Pasadena, 91103 - 7 bed, 2 bath
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Pasadena, California 91103
Analysis of 209 Carlton, Pasadena, California 91103 is currently available with a list price of $1,297,700. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1888 and designated as a historic landmark, the property appears to be in original or long-dated condition with no evidence of recent renovations. Photos show dated wall heaters, old carpeting, and aged interior finishes, while the description identifies it as a 'canvas' for remodeling, indicating a need for a full rehabilitation of systems, kitchen, and bathrooms.
As a designated historic landmark built in 1888 by Thomas Banbury, the property qualifies for potential Mills Act tax benefits, offering substantial property tax savings for the owner.
The spacious 11,986 sqft lot provides a rare opportunity for expansion or new construction, such as a guest house or custom estate layout, in a prime Pasadena location.
Unlike many historic homes, the interior may be remodeled without restriction, allowing for a complete modernization of the 3,314 sqft living space while preserving the classic exterior character.
The 1888 construction and 7-bedroom to 2-bathroom ratio suggest the property is a major fixer-upper requiring extensive capital investment to update systems and functional layout.
The property has undergone four consecutive price reductions since its initial listing, indicating that the market has been hesitant due to the scale of the project or the initial valuation.
Opportunity to own a piece of Pasadena history and more. Originally built in 1888 by Thomas Banbury, this designated historic landmark showcases timeless architectural character and qualifies for potential Mills Act tax benefits, subject to approval by the City of Pasadena. This property offers a compelling blend of preservation and possibility. According to the Historic Preservation Department, the interior may be remodeled without restriction, creating the perfect canvas to merge historic charm with modern living. Set on a spacious rear lot, the property also allows for expansion or new construction, ideal for a guest house, additional structures, or a custom estate layout. Showings are by appointment only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 3,314 | 1,702.5 | 85% |
| Lot Size | 11,986 | 9,465.5 | 71% |
| Price | $1.30M | $1.64M | 40% |
| Price per sq ft | $392 | $978 | 2% |
| Built year | 1888 | 1950 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 214 | 131 | 85% |
May 14, 2026
$1,297,700
$1,375,000
-6% Price Drop
Initial Listing
Apr 28, 2026
$1,375,000
$1,395,000
-1% Price Drop
Initial Listing
Apr 15, 2026
$1,395,000
$1,425,000
-2% Price Drop
Initial Listing
Mar 28, 2026
$1,425,000
$1,450,000
-2% Price Drop
Initial Listing
Mar 13, 2026
$1,450,000
$1,477,777
-2% Price Drop
Initial Listing
Nov 12, 2025
$1,477,777
Initial Listing