279 Palisade, Pasadena, California 91103, Pasadena, 91103 - 2 bed, 1 bath
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Pasadena, California 91103
This property presents a Strong Value Opportunity with a List Price of $649,000—positioned well below the $688,605 Fair Market Value by 5%. This valuation gap offers $39,605 in Instant Equity for buyers capable of managing a full-scale renovation. With a Condition Rating of 5, the home requires significant capital investment to modernize its 788 square feet. Located within the Pasadena Unified school district, this asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a high-demand project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 279 Palisade Subject | $649,000* List Price | 2 | 1 | 788 | $874 | - |
A 46 E Montana Street Sold | $630,000 | 2 | 1 | 600 | $1,050 | 0.8 mi |
B 280 Macdonald Street Active | $700,000 List Price | 2 | 1 | 998 | $701 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and explicitly marketed as a 'fixer' for investors and contractors, this property requires a full rehab. The 70+ year age without mention of significant updates, combined with the 'as-is' status and description to 'restore or renovate,' indicates the home needs substantial work to systems and interiors.
Priced at an accessible entry point for the Pasadena market, this property offers significant upside potential for investors, flippers, or contractors looking to capitalize on a high-demand area.
As a 'fixer' property, it provides a blank canvas for a complete renovation, allowing the buyer to build immediate equity and customize the home to modern standards.
Situated in a historically strong real estate market with proximity to local amenities and the Pasadena Unified school district, ensuring long-term desirability and rental appeal.
The property was recently sold within the past year on 2026-02-02. The sold price is $445,000.00.
The property is being sold in 'as-is' condition and requires substantial repairs, which will necessitate a large upfront capital investment and may limit financing options to cash or construction loans.
With only 788 square feet of living area and a modest lot size, the property's small footprint may restrict its appeal to larger families or those seeking more expansive outdoor space.
Opportunity knocks at 279 Pasadena St. This 2-bedroom, 1-bath fixer offers a great chance for investors, contractors, or buyers looking to create value. Bring your vision and restore, renovate, or reimagine the property to suit your needs. With the right improvements, this home has strong potential as a rental, resale, or owner-user project. Property is being sold as-is. Buyer to verify all property information, condition, permits, zoning, and intended use.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 788 | 1,714 | 8% |
| Lot Size | 3,466 | 9,395 | 6% |
| Price | $649.0K | $1.71M | 4% |
| Price per sq ft | $824 | $962 | 32% |
| Built year | 1953 | 1949 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 127 | 4% |
Jun 1, 2026
$649,000
Initial Listing
Feb 2, 2026
$445,000
Public Record