
Alhambra, California 91801
This property presents a High-Potential Investment Opportunity with a List Price of $980,000—positioned well above the $927,795 Fair Market Value by -5%. Featuring a Condition Rating of 6, the existing 1940 structure serves as a foundation for redevelopment on an expansive 9,608 sq. ft. lot. With proximity to top-rated schools like South Pasadena Senior High, this asset is ideal for Developers or Value-Add Investors looking to maximize land utility through renovation or new construction in a prime Alhambra location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 400 San Pasqual Drive Subject | $980,000* List Price | 3 | 1 | 1,080 | $859 | - |
A 1128 S 2nd Street Sold | $987,500 | 2 | 1 | 1,291 | $765 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1940 (>80 years old) with no evidence of renovation. The listing explicitly states the 'true value lies in the oversized parcel' and suggests the potential to 'build new,' indicating the structure is likely at the end of its functional life and the property is being sold for land value.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9608, living area = 1080.
Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
The property sits on a rare 9,608 sq. ft. oversized lot, offering significant upside for investors or developers to renovate, expand, or build a new custom residence in a high-demand area.
Built in 1940, the existing 1,080 sq. ft. structure features only one bathroom for three bedrooms, likely requiring a substantial layout reconfiguration or expansion to meet modern buyer expectations.
The listing emphasizes the land value and 'starting point' nature of the home, suggesting that the property may require a total overhaul or demolition to unlock its full financial potential.
Rare opportunity to acquire a property with exceptional investment potential on an expansive 9,600 sq. ft. lot in one of Alhambra's most desirable neighborhoods. Whether you're an investor, developer, or buyer looking to create your vision, 400 San Pasqual Drive offers endless possibilities. The existing home provides a starting point, but the true value lies in the oversized parcel and the tremendous upside it presents. Explore the potential to renovate, expand, build new, or maximize the property's future potential (buyer to verify all zoning, development opportunities, and permitted uses with the City of Alhambra). Situated on a quiet, tree-lined street with convenient access to shopping, dining, parks, schools, and major freeways, this property combines an exceptional location with outstanding long-term value. Large lots of this size are increasingly difficult to find, making this a unique opportunity for those seeking their next investment project. Bring your vision and unlock the full potential of this exceptional Alhambra property. Opportunities like this don't come around often!
No exterior & parking available.
Grades K-6 • 1.9 mi
Grades K-5 • 1.9 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,080 | 1,416.136 |
| Lot Size | 9,608 | 6,918.25 |
| Price | $980.0K | $1.00M |
| Price per sq ft | $907 | $701 |
| Built year | 1940 | 1934 |
| HOA | $0 | $225 |
| Days on market | 46 | 51 |
Jul 25, 2026
$980,000
Initial Listing