
Altadena, California 91001
This Historic Philip H. Frohman Craftsman Estate represents a Strong Value Opportunity with a List Price of $2,499,000—positioned well below the $2,717,937 Fair Market Value by 8%. This valuation gap provides $218,937 in Instant Equity for buyers prepared to address its Condition Rating of 5. Featuring a 7-bedroom capacity, a detached guest house, and mountain views on iconic Christmas Tree Lane, the property offers immense ROI through restoration. This high-ceiling Value-Add Asset is ideal for Luxury Developers or Preservationist Investors seeking a landmark acquisition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2107 Santa Rosa Avenue Subject | $2,499,000* List Price | 7 | 4 | 3,594 | $731 | - |
A 2186 Mar Vista Avenue Active | $1,999,000 List Price | 6 | 4 | 2,811 | $711 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While this 1912 Craftsman is a significant architectural estate, it is in original or long-deferred condition requiring substantial rehabilitation. The kitchen and bathrooms are severely outdated with mid-century or older fixtures, and the listing explicitly states the need for restoration and reimagining. The property likely requires a complete overhaul of major systems, flooring, and cabinetry to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21463, living area = 3594.
Designed by Philip H. Frohman, this 1912 Craftsman estate features authentic historic details like Batchelder tile and exposed beams, offering rare value for architectural enthusiasts.
The property includes a five-bedroom main house plus a two-bedroom guest house on a nearly half-acre lot, providing excellent multi-generational living or rental income potential.
The listing emphasizes restoration and reimagining, indicating that the century-old structure likely requires substantial capital investment for modernization and repairs.
The combination of a large historic home, a secondary guest unit, and expansive grounds with an oversized pool necessitates a high level of ongoing upkeep and expense.
Enter into Altadena history with this Philip H. Frohman designed 1912 two-story Craftsman estate - a true architectural treasure on Christmas Tree Lane, a mile-long stretch of illuminated old-growth deodar cedar trees that hosts the oldest large-scale holiday lighting tradition in the U.S., a true community affair. Nestled behind private gates on a sprawling 21,871 sq. ft. lot, this one-of-a-kind two-story estate offers privacy, charm, and endless potential. Designed for both entertaining and tranquility, the property features a five-bedroom main house, a two-bedroom guest house, and an expansive yard with an oversized pool, firepit, wrap-around driveway, and a plethora of green spaces. Inside, discover the timeless charm of exposed wood beam ceilings, wall-to-wall casement windows, a historic Batchelder tile fireplace, an octagon sunroom, a unfinished basement or future wine cellar, charging cable, and so much more. Don't miss this rare opportunity to steward, restore, personalize, and reimagine this remarkable Altadena treasure! This magical property, grand street, visible neighboring homes, and public services remain intact. Serious inquiries only. Buyer to conduct their own investigation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 80% |
| Square foot | 3,594 | 1,823 | 90% |
| Lot Size | 21,463 | 9,000 | 91% |
| Price | $2.50M | $1.25M | 91% |
| Price per sq ft | $695 | $721 | 48% |
| Built year | 1912 | 1947 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 176 | 21% |
Feb 6, 2026
$2,499,000
Initial Listing
Mar 10, 2006
$1,310,000
Public Record
Dec 21, 2005
$1,150,000
Public Record
Oct 24, 2003
$865,000
Public Record