266 N Wilson Avenue, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 2 bath
ACTIVE$1,498,000
266 N Wilson Avenue, Pasadena, California 91106
3Beds
2Baths
1,536Sqft
8,128Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: 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.
Top Cons:
Land Value, No Repairs Condition: Explicitly marketed for its land value with 'no repairs,' indicating the existing structure is likely in poor condition and requires substantial investment for renovation or demolition.
Compared to the nearby listings
Price:$1.50M vs avg $2.12M ($-627,000)32%
Size:1,536 sqft vs avg 2,156 sqft29%
Price/sqft:$975 vs avg $99444%
More Insights
Built in 1927 (98 years old).
Condition: Built in 1927, this property is nearly a century old. The listing explicitly states 'Land value, no repairs,' and the property analysis confirms the existing structure is likely in poor condition, requiring substantial investment for renovation or demolition. The exterior images show a neglected and very dated property. There are no interior images, but given the age and 'no repairs' status, the kitchen, bathrooms, and all major systems are undoubtedly original, outdated, and in a state requiring complete replacement or demolition. The property's value is clearly based on the land and its redevelopment potential, fitting the 'tear-down' criteria.
Year Built
1927
Close
-
List price
$1.5M
Original List price
$1.38M
Price/Sqft
$975
HOA
-
Days on market
-
Sold On
-
MLS number
WS25241809
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Great Location to Live. Located south of the freeway near many amenities such as Old Town Pasadena, Cal Tech, PCC, and many other shopping areas. For those of you who are looking to invest and build, this property is also zoned to build up to five units (Buyer to verify). Land value, no repairs.
Condition Rating
Tear down
Built in 1927, this property is nearly a century old. The listing explicitly states 'Land value, no repairs,' and the property analysis confirms the existing structure is likely in poor condition, requiring substantial investment for renovation or demolition. The exterior images show a neglected and very dated property. There are no interior images, but given the age and 'no repairs' status, the kitchen, bathrooms, and all major systems are undoubtedly original, outdated, and in a state requiring complete replacement or demolition. The property's value is clearly based on the land and its redevelopment potential, fitting the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: 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.
Prime Location: Strategically located near Old Town Pasadena, Cal Tech, PCC, and various shopping areas, offering excellent convenience and desirability.
Significant Development Potential: Zoned for up to five units (buyer to verify), presenting a substantial investment opportunity for developers or those seeking multi-unit income.
Desirable City Address: Situated in Pasadena, a highly sought-after Southern California city known for its vibrant community, educational institutions, and amenities.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential value.
Generous Lot Size: An ample 8,128 sqft lot provides significant space, crucial for realizing the property's multi-unit development potential.
Cons
Land Value, No Repairs Condition: Explicitly marketed for its land value with 'no repairs,' indicating the existing structure is likely in poor condition and requires substantial investment for renovation or demolition.
Advanced Age of Structure: Built in 1927, the property is nearly a century old, suggesting potential for outdated systems, structural issues, and significant modernization costs if not redeveloped.
Volatile Listing Price History: The property has experienced notable price fluctuations, including a recent significant increase, which may suggest pricing challenges or an aggressive strategy.