
Pasadena, California 91106
This Character Single-Family Residence is a Prime Investment Opportunity with a List Price of $1,298,000—positioned well below the $1,327,000 Fair Market Value by 2%. This valuation gap offers $29,000 in Instant Equity. While maintaining a Fair Condition Rating, the property boasts a large 8,128 sq ft lot with a swimming pool and pool house near Caltech. Located in the Pasadena Unified district, it balances historic charm with clear appreciation potential. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 266 N Wilson Avenue Subject | $1,298,000* List Price | 3 | 2 | 1,536 | $885 | - |
A 1496 Las Lunas Street Sold | $1,275,000 | 3 | 2 | 1,605 | $794 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1927, the property is functional and move-in ready but features dated renovations likely completed 15 to 25 years ago. The kitchen contains older oak cabinetry and basic appliances, while the bathrooms show aging tile work and fixtures. The presence of textured ceilings, older window frames, and significant deferred maintenance in the pool area (green water and worn concrete) aligns with the 'fair' criteria of a home that is maintained but shows clear signs of being outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8128, living area = 1536.
The property is ideally situated near the historic Rose Parade route, Caltech, and the Shops on Lake Avenue, offering exceptional walkability and access to world-class amenities.
The generous 8,128 sq ft lot includes a large swimming pool and a rare pool house, providing a private outdoor oasis perfect for entertaining and family gatherings.
As a structure built in 1927, the property may require ongoing maintenance or updates to aging systems common in homes of this era to meet modern efficiency standards.
At nearly $1.3M for 1,536 square feet, the price per square foot is relatively high, which may be a significant consideration for buyers looking for more interior living space.
Great Opportunity for First-Time Buyers! This charming single-family home is located in a highly desirable Pasadena neighborhood and offers 3 bedrooms and 2 bathrooms. The home features a spacious living room and a separate family room, both filled with natural light from large windows. A formal dining room connects to the upgraded kitchen, creating a functional and inviting layout. Additional highlights include a dedicated laundry room with a utility sink, a 2-car garage, and an expansive 8,128 sq ft lot. The backyard offers a generously sized swimming pool with a pool house, along with ample outdoor space—perfect for entertaining, family gatherings, or creating your own private park-like setting. Ideally situated approximately 2.5 blocks from historic Colorado Blvd and the famous Rose Parade route. Conveniently located less than 0.7 miles from Pasadena City College, Ralphs supermarket, and The Shops on Lake Avenue. Just 1.6 miles to Caltech and 1.7 miles to Old Town Pasadena, offering easy access to shopping, dining, and entertainment. Don’t miss this fantastic opportunity to own a beautiful home in one of Pasadena’s most sought-after locations!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,536 | 2,020.5 | 34% |
| Lot Size | 8,128 | 9,004.5 | 44% |
| Price | $1.30M | $1.90M | 22% |
| Price per sq ft | $845 | $922 | 38% |
| Built year | 1927 | 1921 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 192 | 6% |
Mar 20, 2026
$1,298,000
Initial Listing
Jun 30, 2021
$950,000
Public Record
Mar 20, 2018
$880,000
Public Record
May 9, 2008
$400,000
Public Record
Mar 24, 2006
$745,000
Public Record