2209 Queensberry, Pasadena, California 91104, Pasadena, 91104 - 3 bed, 3 bath
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Pasadena, California 91104
This Value-Add Residential Asset is listed at $1,600,000, currently priced above the $1,451,061 Fair Market Value due to its rare development upside. Holding a Condition Rating of 5, the property requires significant rehabilitation but offers a premium 8,368 sq ft lot featuring a pool, mountain views, and a separate guest house/ADU. Located within the Pasadena Unified district, the "As-Is" cash-only requirement targets buyers capable of unlocking forced appreciation through total reimagination. This is a high-ceiling project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2209 Queensberry Subject | $1,450,000* List Price | 3 | 3 | 1,415 | $960 | - |
A 1870 Brigden Road Sold | $1,350,888 | 3 | 2 | 1,313 | $1,029 | 0.4 mi |
B 1995 Paloma Street Sold | $1,350,000 | 3 | 2 | 1,623 | $832 | 0.5 mi |
C 1533 Coolidge Avenue Sold | $1,090,000 | 2 | 2 | 1,288 | $846 | 0.6 mi |
D 1437 N Sierra Bonita Avenue Sold | $1,050,000 | 2 | 1 | 1,064 | $987 | 0.8 mi |
E 1221 Wesley Avenue Active Under Contract | $1,339,950 List Price | 3 | 2 | 1,373 | $976 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1941, this property is being sold 'As-Is' with a 'Cash offers only' requirement, which strongly indicates that the home's condition does not meet the safety or habitability standards required for traditional financing. The listing description suggests the need to 'restore' or 'reimagine' the space, implying significant deferred maintenance, outdated systems, and likely original kitchen and bathroom fixtures that require substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8368, living area = 1415.
The inclusion of a separate guest house/ADU offers significant added value, providing flexibility for rental income, multi-generational living, or a private home office.
The generous 8,368 sq ft lot features a private pool and mountain views, creating a desirable outdoor retreat that is highly sought after in the Pasadena market.
The requirement for cash-only offers and proof of funds significantly limits the potential buyer pool by excluding those reliant on traditional financing.
Being sold in 'As-Is' condition while tenant-occupied with limited showing availability poses challenges for thorough inspections and immediate possession.
Charming single-story Pasadena home built in 1941 featuring 3 bedrooms and 2 bathrooms (approx. 1,415 sq ft) on a spacious 8,368 sq ft lot. Flexible layout includes a converted den with an added bathroom, ideal for guests or a home office. The property offers a private backyard with a pool, a detached guest house/ADU, and a long driveway with attached garage for ample parking. Great opportunity to move in, update, or fully reimagine in a desirable location near shopping and dining. Serious inquiries only.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 1,415 | 1,623 | 39% |
| Lot Size | 8,368 | 7,508 | 68% |
| Price | $1.45M | $1.35M | 60% |
| Price per sq ft | $1.0K | $887 | 79% |
| Built year | 1941 | 1926 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 154 | 11% |
Mar 11, 2026
$1,450,000
$1,600,000
-9% Price Drop
Initial Listing
Mar 1, 2026
$1,600,000
Initial Listing