3744 Anita Avenue, Pasadena, California 91107, Pasadena, 91107 - 5 bed, 3 bath
3744 Anita Avenue
Pasadena, California 91107
Property Price
SUMMARY
Analysis of 3744 Anita Avenue, Pasadena, California 91107 reveals a Prime Investment Opportunity with a current list price of $1,600,000—significantly undercutting the $1,871,310 Fair Market Value by 16%. This valuation gap indicates a +$271,310 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3744 Anita Avenue Subject | $1,600,000* List Price | 5 | 3 | 2,490 | $752 | - |
A 3799 Oakdale Sold | $1,300,000 | 5 | 3 | 1,694 | $767 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1929, this property is in extremely poor condition, requiring substantial repairs and rehabilitation throughout. The kitchen features very dated wood paneling, old laminate countertops, and outdated appliances, necessitating a full renovation. Bathrooms are similarly outdated with peeling wallpaper, old vanities, and worn fixtures, despite one shower appearing to have a more recent (but basic) surround. Interior ceilings show significant damage with missing acoustic tiles and exposed materials, and flooring is a mix of heavily worn carpet, old hardwood, and dated vinyl. The presence of window AC units indicates a lack of modern central cooling. The exterior also shows significant deferred maintenance. While the listing mentions 'immediate use,' the overall state is very uncomfortable and requires extensive system replacements and cosmetic overhauls, aligning with the 'poor' category's description of significant defects and substantial rehabilitation needs.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 21000, living area = 2490.
- Great Schools
Elementary School: Carver Elementary School (9/10). Middle School: Foothills Middle School (9/10). High School: San Marino High School (10/10).
- Significant Development Potential
The property is explicitly marketed as a 'rare development opportunity' with 'exceptional potential for expansion, redevelopment, or the construction of a custom dream home' on an 'oversized lot,' offering substantial future value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2490, other record living area = 1440. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
- Age of Existing Structure
Built in 1929, the existing residence is nearly a century old, likely requiring significant updates to systems (electrical, plumbing, HVAC) and aesthetics to meet modern living standards, which could be a substantial investment.
- Uncertainty/Cost of Redevelopment
While a development opportunity, the phrase 'buyer to verify' implies potential complexities, time, and significant costs associated with zoning, permits, and construction for expansion or a new custom home, placing the burden on the buyer.
About 3744 Anita Avenue
Located in a highly desirable Pasadena neighborhood, this property presents a rare development opportunity on an expansive 0.48-acre lot. The existing residence offers 5 bedrooms, 2.5 bathrooms, and approximately 2,490 square feet of living space, providing immediate use while planning future possibilities. The oversized lot features multiple detached structures, including a 320 sqft workshop, a 168 sqft storage house, and a 400 sqft detached garage. With abundant land in a quiet neighborhood, the property offers exceptional potential for expansion, redevelopment, or the construction of a custom dream home (buyer to verify). Opportunities of this size and flexibility are rare in this area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 21,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pasadena Unified Schools
Hugo Reid Elementary School
Grades K-5 • 0.6 mi
Willard Elementary School
Grades K-5 • 0.7 mi
Carver Elementary School
Grades K-5 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 2,490 | 1,843 | 75% |
| Lot Size | 21,000 | 8,416.5 | 87% |
| Price | $1.60M | $1.47M | 56% |
| Price per sq ft | $643 | $874 | 13% |
| Built year | 1929 | 1946 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 168 | 9% |
Pricing History
Listed for Sale
Jan 3, 2026
$1,600,000
Initial Listing