2186 Mar Vista Avenue, Altadena, California 91001, Altadena, 91001 - 6 bed, 4 bath
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Altadena, California 91001
This Historic Architectural Compound represents a High-Potential Investment Opportunity for buyers seeking architectural significance and land value. Listed at $1,999,000, the property is positioned relative to its $1,788,565 Fair Market Value, reflecting the premium of its rare Calvin Straub Design and expansive 15,005-Square-Foot Lot. Currently holding a Condition Rating of 5, the three-structure site requires a comprehensive systems overhaul but offers immense forced appreciation through Development Versatility and peek-a-boo DTLA Views. This heritage asset is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2186 Mar Vista Avenue Subject | $1,999,000* List Price | 6 | 4 | 2,811 | $636 | - |
A 1511 E Altadena Drive Sold | $1,750,000 | 4 | 4 | 3,000 | $583 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1922 property has been held by the same family for nearly 90 years, indicating that the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are likely original or severely outdated. The listing description explicitly suggests the property needs to be 'restored' or 'reimagined,' and the property analysis confirms that significant and costly renovations are required 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 = 15005, living area = 2811.
Designed by acclaimed architect Calvin Straub, this historic 1922 compound offers rare architectural significance and character, appearing on the market for the first time in nearly nine decades.
The expansive 15,005-square-foot lot features a three-structure compound, providing a unique opportunity to either restore the existing heritage buildings or redevelop the site with one or two larger residences.
Given its long-term ownership and 1922 origin, the property likely requires extensive and costly updates to its systems and finishes to meet modern living standards.
A substantial price reduction from the original list price of $2.55M to $2.295M indicates that the market is sensitive to the property's current condition and the scale of work required.
On the market for the first time in nearly nine decades, this rare Altadena property combines architectural pedigree with exceptional potential. Designed by acclaimed architect Calvin Straub, the front residence serves as the centerpiece of a three-structure compound totaling approximately 3,000 square feet. Each building is thoughtfully arranged around a central garden and yard, enhanced by a tranquil pond. From the upper level of the rear residence, enjoy peekaboo views of Downtown Los Angeles on clear days. This distinctive property is not only rich in history and character but also an exceptional investment opportunity. Buyers can choose to restore and enhance the existing compound or reimagine the site with one or two larger residences. Located just moments from Downtown Pasadena, the Jet Propulsion Laboratory, and the Rose Bowl, the property offers a rare blend of heritage, location, and development versatility in a highly desirable area. A rare opportunity to own this property, where history, character, and potential come together in a truly distinguished offering.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 80% |
| Square foot | 2,811 | 1,823 | 78% |
| Lot Size | 15,005 | 9,000 | 83% |
| Price | $2.00M | $1.25M | 84% |
| Price per sq ft | $711 | $721 | 48% |
| Built year | 1922 | 1947 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 211 | 179 | 74% |
Mar 9, 2026
$1,999,000
$2,295,000
-13% Price Drop
Initial Listing
Jan 8, 2026
$2,295,000
$2,550,000
-10% Price Drop
Initial Listing
Sep 23, 2025
$2,550,000
Initial Listing