50 Grace Terrace, Pasadena, California 91105, Pasadena, 91105 - 2 bed, 2 bath
50 Grace Terrace
Pasadena, California 91105
Property Price
SUMMARY
Analysis of 50 Grace Terrace, Pasadena, California 91105 reveals a Prime Investment Opportunity with a current list price of $1,298,000—significantly undercutting the $1,350,903 Fair Market Value by 3%. This valuation gap indicates a +$52,903 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 50 Grace Terrace Subject | $1,298,000* List Price | 2 | 2 | 1,426 | $947 | - |
A 117 Brocadero Place Sold | $1,455,000 | 3 | 3 | 1,740 | $836 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This 1950s mid-century home is well-maintained and move-in ready, but the interior finishes are significantly outdated. The kitchen features older white appliances and dated tile countertops, while the bathrooms retain vintage styling. Although the parquet flooring and wood-beam ceilings are desirable character features, the property has not undergone a major renovation in several decades, fitting the criteria for a functional but aged home requiring updates to meet modern standards.
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 = 7252, living area = 1426.
- Mid-Century Architectural Appeal
The home features classic 1950s post-war architecture, including wood-beam ceilings and parquet floors, offering significant character and aesthetic value for enthusiasts of the era.
- Elevated Views and Privacy
Positioned above the street level, the property provides enhanced privacy along with impressive views of the city lights and mountains, a premium feature in the Pasadena market.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only two bedrooms, the property may have limited appeal for growing families or buyers requiring multiple dedicated home office spaces.
- Compact Living Footprint
At 1,426 square feet, the interior space is relatively modest for the $1.298M price point, which may impact the perceived value for space-conscious buyers.
About 50 Grace Terrace
Set above the street, offering privacy and both city lights and mountain views, this post-war, mid-century home features large, spacious rooms, wood-beam ceilings, and parquet floors. Built in 1950, the home features 2 bedrooms and 1.75 baths, a spacious living room and formal dining area, a fireplace, and an eat-in kitchen, totaling 1,426 sf. There is also a large patio perfect for entertaining, a two-car detached garage, and low-maintenance landscaping.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,252 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 7% |
| Baths | 2.0 | 3.0 | 22% |
| Square foot | 1,426 | 2,507.5 | 11% |
| Lot Size | 7,252 | 9,757 | 37% |
| Price | $1.30M | $1.86M | 9% |
| Price per sq ft | $910 | $899 | 50% |
| Built year | 1950 | 1943 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 166 | 2% |
Pricing History
Listed for Sale
Feb 25, 2026
$1,298,000
Initial Listing
Sold
Sep 6, 1996
$220,000
Public Record