
Pasadena, California 91105
This Updated Cape Cod Residence is a High-Potential Investment Opportunity, listed at $1,599,000—positioned well below the $1,791,670 Fair Market Value by 10%. This valuation gap offers $192,670 in Instant Equity for incoming buyers. Maintaining a Good Condition Rating, the home features Panoramic Views of the San Rafael Hills and a modernized Granite Kitchen. Located in the Pasadena Unified district near Old Town, it perfectly balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants or Value-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 355 Malcolm Drive Subject | $1,599,000* List Price | 3 | 2 | 2,215 | $809 | - |
A 1544 La Loma Road Sold | $1,280,000 | 3 | 2 | 1,504 | $851 | 0.3 mi |
B 115 Annandale Road Sold | $2,020,000 | 4 | 3 | 2,502 | $807 | 0.3 mi |
C 424 Elmwood Drive Sold | $1,625,000 | 3 | 3 | 1,887 | $861 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1947, the property is in move-in ready condition with extensive updates throughout. The kitchen has been modernized with custom white cabinetry, granite countertops, and stainless steel appliances. The bathrooms feature updated vanities and a luxurious jetted soaking tub in the primary suite. With well-maintained hardwood floors, recessed lighting, and contemporary paint finishes, the home shows minimal wear and tear and reflects high-quality maintenance consistent with a 'good' rating.
The property features exceptional sweeping vistas of the San Rafael Hills and city lights, visible from multiple vantage points including the primary suite and the private upper terrace.
Situated in the prestigious San Rafael Hills, the home offers a peaceful, tree-lined setting while remaining minutes away from Old Town Pasadena, the Rose Bowl, and major commuter freeways.
The residence boasts high-end updates, including a remodeled kitchen with granite countertops and a luxurious primary suite featuring a jetted soaking tub and dual-sink vanity.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2215, other record living area = 1750.
The split-level design and tiered outdoor spaces involve multiple sets of stairs, which may be a drawback for buyers seeking single-story accessibility or universal design.
Originally constructed in 1947, the property may require more frequent maintenance or further modernization of underlying systems compared to newer builds in the area.
Located in the highly desirable San Rafael Hills, this charming Cape Cod–style residence showcases breathtaking panoramic views and thoughtfully curated updates throughout. A formal entry welcomes you into an elegant living room featuring a classic fireplace, French doors, and an adjoining dining area complete with built-in cabinetry, rich hardwood flooring, and recessed lighting. Designed with a split-level layout to maximize the sweeping foothill vistas, the home offers an updated kitchen appointed with custom cabinetry, granite countertops, and stainless steel appliances. The spacious primary suite serves as a private retreat, highlighted by dual closets, French doors, and a picturesque window framing the surrounding hills. The en-suite bathroom is beautifully appointed with a dual-sink granite vanity, a separate shower, and an oversized jetted soaking tub. On the lower level, two well-sized bedrooms share a full bath, accompanied by a comfortable family room with French doors that open directly to the rear patio—ideal for indoor-outdoor living. At the top of the property, a private terrace provides an exceptional setting for entertaining or simply enjoying the tranquil, scenic surroundings. Ideally situated in one of Pasadena’s most sought-after neighborhoods, this home offers the perfect balance of charm and convenience. Just minutes from Old Town Pasadena, Caltech, the Rose Bowl, and top-rated schools, residents enjoy easy access to premier shopping, dining, and cultural attractions, all while benefiting from a peaceful, tree-lined setting. Convenient freeway access also allows for an effortless commute to Downtown Los Angeles and beyond.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 3.0 | 20% |
| Square foot | 2,215 | 2,513 | 29% |
| Lot Size | 8,560 | 11,709 | 33% |
| Price | $1.60M | $1.92M | 43% |
| Price per sq ft | $722 | $851 | 37% |
| Built year | 1947 | 1939 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 204 | 8% |
Mar 23, 2026
$1,599,000
Initial Listing
May 11, 2018
$1,345,000
Public Record
Aug 20, 2007
$915,000
Public Record
Oct 1, 2003
$649,500
Public Record
Apr 12, 1994
$350,000
Public Record