354 Tamarac Drive, Pasadena, California 91105, Pasadena, 91105 - 3 bed, 2 bath
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354 Tamarac Drive
Pasadena, California 91105
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,933Sq Ft
6,071Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,317,158
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,250,000—positioned well below the $1,317,158 Fair Market Value by 5%. This valuation gap offers $67,158 in Instant Equity for buyers. Featuring a 5 Condition Rating, this hillside home requires a full renovation, offering significant upside through its private pool, scenic hill views, and proximity to top-ranked San Rafael Elementary. This is a high-potential asset ideal for Fix-and-Flip Investors or Contractors seeking a custom project.
Estimated Market Value
$1,317,158+$67,158 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 354 Tamarac Drive Subject | $1,250,000* List Price | 3 | 2 | 1,933 | $681 | - |
A 130 Sequoia Active Under Contract | $1,298,000 List Price | 2 | 2 | 1,718 | $756 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1949 and not updated in at least 48 years, this property is a probate sale requiring a full rehab. The empty pool and 'bring your contractors' description indicate significant deferred maintenance and likely original, outdated systems and interiors.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Lifestyle
Situated in the highly desirable San Rafael Hills, the property offers exceptional proximity to top-ranked San Rafael Elementary, the local library, and Pasadena's famous 'Secret Stairs' for outdoor recreation.
- Significant Value-Add Potential
Available for the first time in 48 years, this 'blank canvas' hillside home allows investors or owner-users to execute a custom renovation and capture substantial equity in a high-demand market.
- Desirable Architectural Features
The two-story layout includes a dedicated primary suite level and a private pool with scenic hill views, providing a strong structural foundation for a luxury modern masterpiece.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is sold in 'as-is' condition and explicitly requires contractors and a full vision, indicating that significant capital expenditure is needed to address aging systems and finishes.
- Probate Sale Complexity
As a probate listing, the transaction may involve court oversight and specific legal requirements that can lead to a more complex and potentially longer closing timeline than a standard sale.
About 354 Tamarac Drive
First time on the market in 48 years, bring your contractors and your vision. A rare hillside two-story pool home gem featuring a primary suite level nestled on a peaceful setting in the desirable San Rafael Hills. The wide stairs take you down the large living room, Kitchen with views of the pool/hills and 2 bedrooms near a full bathroom. This 1933 sqft home with 6071 lot can be your masterpiece. Conveniently located within 1 mile of top-ranked San Rafael Elementary School, the San Rafael Branch Library, and San Rafael Park, you'll treasure the lifestyle ease that comes with your new address. What's more Pasadena's beloved 'Secret Stairs' are just up the street, inviting outdoor exercise whenever its convenient for you. With proximity to the best of Pasadena and gorgeous natural surroundings, you've found a place that truly feels like home. Probate listing sold as-is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 6,071 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,933 | 1,839.942 |
| Lot Size | 6,071 | 8,508.491 |
| Price | $1.25M | $1.65M |
| Price per sq ft | $647 | $914 |
| Built year | 1949 | 1934 |
| HOA | $0 | $449 |
| Days on market | 28 | 45 |
Pricing History
Listed for Sale
Aug 12, 2026
$1,250,000
Initial Listing