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 $1,395,000. 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.
This 1888 historic landmark requires substantial rehabilitation and modernization. Interior images show heavily dated wallpaper, worn carpeting, and aged fixtures that likely haven't been updated in decades. The property suffers from significant functional obsolescence with a 7-bedroom to 2-bathroom ratio, necessitating a major plumbing and layout overhaul. The exterior shows signs of peeling paint and weathered outbuildings, confirming the need for extensive repairs to meet modern standards.
As a designated historic landmark built in 1888, the property offers unique architectural character and qualifies for potential Mills Act tax benefits, providing significant property tax savings.
The generous 11,986 sqft lot provides a rare opportunity for expansion or the construction of additional structures, such as a guest house or ADU, on a spacious rear lot.
Unlike many historic homes, the interior of this property can be remodeled without restriction, allowing for a complete modernization of the living space while preserving the historic exterior.
The current configuration of 7 bedrooms and only 2 bathrooms is highly disproportionate for modern living standards, necessitating a costly and complex plumbing overhaul.
With over 150 days on the market and multiple price reductions, the property faces a challenge in buyer perception regarding its condition versus its current valuation.
The moment you’ve been waiting for, now unveiled with images for the very first time. Opportunity to own a piece of Pasadena history. 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 | 1,836.5 | 82% |
| Lot Size | 11,986 | 9,227.5 | 70% |
| Price | $1.40M | $1.56M | 45% |
| Price per sq ft | $421 | $954 | 2% |
| Built year | 1888 | 1949 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 162 | 50% |
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