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397 N Catalina Ave Avenue, Pasadena, California 91106, Pasadena, 91106 - 4 bed, 3 bath

397 N Catalina Ave Avenue, Pasadena, California 91106 home-pic-0
ACTIVE$1,250,000
397 N Catalina Ave Avenue, Pasadena, California 91106
4Beds
3Baths
1,859Sqft
8,999Lot

Price Vs. Estimate

The estimated value ($1,032,551.585) is $217,448.415 (17%) lower than the list price ($1,250,000). This property may be overpriced.

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 = 8999, living area = 1859.
Top Cons:
Significant Renovation Required: Explicitly marketed as a 'fixer,' indicating substantial investment and effort will be needed to modernize and restore the property to its full potential.

Compared to the nearby listings

Price:$1.25M vs avg $2.12M ($-875,000)21%
Size:1,859 sqft vs avg 2,156 sqft41%
Price/sqft:$672 vs avg $9946%

More Insights

Built in 1905 (120 years old).
Condition: Built in 1905 and explicitly marketed as a 'fixer,' this property requires substantial repairs and rehabilitation. The images confirm severely outdated and worn conditions throughout, particularly in the kitchen and bathrooms, which feature old fixtures, worn surfaces, and likely original or very old cabinetry and appliances. Flooring is worn, light fixtures are dated, and major systems (electrical, plumbing, HVAC) are almost certainly at the end of their lifespan, necessitating extensive upgrades. While its historical designation prevents demolition, the home is far from move-in ready and will require significant investment to modernize and restore.
Year Built
1905
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$672
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21318
Home ConditionPoor
Features
Patio
View-

About this home

Welcome to 397 N. Catalina Ave, a Craftsman-style home in the heart of Pasadena. This spacious fixer offers the opportunity to bring your vision to reality! The home features 3 bedrooms plus an office/den, 3 bathrooms, and 1,859 square feet of living space. Two of the bedrooms, including the space that can be utilized as an office or den are conveniently located downstairs, offering easy access and comfortable living, while the upstairs bedroom provides the perfect spot for privacy - think secondary home office, guest room, or your own personal retreat! Plus, with 3 bathrooms, convenience is never compromised. There's even a California basement for added storage needs.Outside, the long driveway and carport can easily fit multiple vehicles. However, the real gem here is the expansive nearly 9,000+ square-foot lot, which is zoned for up to 6 units. If you're an investor or looking for added space to build, this is an amazing opportunity to expand, develop and add income-producing potential! Please note that the existing home has historical designation and cannot be demolished. And if you just want to enjoy the space as is, you'll love the room for entertaining, gardening, and so much more.Located in a vibrant Pasadena neighborhood, you'll be just minutes from fantastic shops, restaurants, and all the cultural attractions the city has to offer. Whether you're looking to settle in or make a smart investment, come see all the wonderful possibilities this home has in store for you!

Condition Rating
Poor
Built in 1905 and explicitly marketed as a 'fixer,' this property requires substantial repairs and rehabilitation. The images confirm severely outdated and worn conditions throughout, particularly in the kitchen and bathrooms, which feature old fixtures, worn surfaces, and likely original or very old cabinetry and appliances. Flooring is worn, light fixtures are dated, and major systems (electrical, plumbing, HVAC) are almost certainly at the end of their lifespan, necessitating extensive upgrades. While its historical designation prevents demolition, the home is far from move-in ready and will require significant investment to modernize and restore.
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 = 8999, living area = 1859.
High Development Potential: The expansive 9,000+ sqft lot is zoned for up to 6 units, offering significant investment and income-producing opportunities for a savvy buyer.
Desirable Pasadena Location: Situated in a vibrant Pasadena neighborhood, providing convenient access to fantastic shops, restaurants, and cultural attractions.
Historic Craftsman Architecture: A 1905 Craftsman-style home, offering inherent architectural charm and character that appeals to buyers appreciating historical properties.
Flexible Living Spaces: Features 3 bedrooms plus an office/den and 3 bathrooms, with a versatile layout including downstairs bedrooms and an upstairs retreat, catering to various living arrangements.
Generous Lot Size for Lifestyle: Beyond development, the nearly 9,000 sqft lot provides ample outdoor space for entertaining, gardening, or potential personal expansion.

Cons

Significant Renovation Required: Explicitly marketed as a 'fixer,' indicating substantial investment and effort will be needed to modernize and restore the property to its full potential.
Historical Designation Limitations: The existing home's historical designation prohibits demolition, restricting full redevelopment options despite multi-unit zoning and potentially increasing renovation costs and complexity.
Potential Overpricing: The current list price of $1.25M is notably above the estimated property value of approximately $1.03M, suggesting it may be overpriced given its 'fixer' status and required investment.

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