
Altadena, California 91001
This Strong Value Opportunity is listed at a List Price of $1,200,000, positioned well below the $1,302,547 Fair Market Value by 7%. This valuation gap offers $102,547 in Instant Equity. Featuring a 4-bedroom, 3-bath layout with a recently refinished pool and a 10,095 sqft lot, the property maintains a Condition Rating of 4. While requiring cosmetic updates, the home’s unique history and prime location make it an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509 Alameda Subject | $1,200,000* List Price | 4 | 3 | 2,184 | $596 | - |
A 649 E Sacramento Sold | $865,000 | 3 | 2 | 1,344 | $644 | 0.3 mi |
B 1300 Meadowbrook Road Active | $1,495,000 List Price | 3 | 2 | 2,126 | $703 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this home is being sold 'as-is' and is described as a property with 'upside potential' needing 'vision and updates.' While the pool was recently refinished and hardwood floors are present, the interior fixtures, bathroom vanities, and kitchen elements appear 20-30 years old. It is functional but dated, requiring significant cosmetic and likely system updates to reach modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10095, living area = 2184.
Situated in a highly desirable Altadena neighborhood near the iconic Christmas Tree Lane, offering proximity to Pasadena's premier dining, shopping, and parks.
The property features a generous 10,000+ sqft lot with a recently refinished pool and mature citrus trees, providing an ideal setting for Southern California entertaining.
The property is being sold in its present condition and requires significant updates and vision to modernize, which may deter buyers seeking a move-in ready residence.
While the home offers 'good bones' and upside potential, the need for restoration and updates to the 1956 structure necessitates a substantial additional capital outlay.
Nestled on a charming street in Altadena, just moments from the iconic Christmas Tree Lane, this spacious 4-bedroom, 3-bath home offers a rare opportunity to create your dream property in one of the area's most desirable and picturesque neighborhoods. The versatile floor plan features three bedrooms on the main level, while the private primary suite occupies the entire second floor, providing a peaceful retreat. The inviting dinning room is centered around a cozy fireplace and offers ample space for gathering and entertaining. Step outside to a generous backyard complete with a sparkling pool, mature citrus trees, and plenty of room to enjoy Southern California living. The pool was refinished a few years ago, adding value and enhancing the outdoor space. With good bones, hardwood flooring, and tremendous upside potential, this home is ready for a new owner's vision and updates. Whether you're looking to restore its original charm, renovate to your taste, or create your forever home, the possibilities are endless. Located in a beautiful, established neighborhood near shopping, dining, parks, and all that Pasadena has to offer, this property presents an exceptional opportunity to personalize and build equity in a highly sought-after location. Adding to its unique appeal, the home has served as a filming location for both television and film productions. It was featured in the movie Anywhere But Here starring Susan Sarandon, and most recently was used for extensive interior filming in Criminal Minds, further contributing to the property's distinctive history and character. **Property is being sold in its present "as-is" condition.**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 2,184 | 1,820 | 67% |
| Lot Size | 10,095 | 8,522 | 71% |
| Price | $1.20M | $1.25M | 43% |
| Price per sq ft | $549 | $760 | 20% |
| Built year | 1956 | 1947 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 136 | 5% |
Jun 2, 2026
$1,200,000
Initial Listing
Jun 15, 1994
$176,000
Public Record