
Pasadena, California 91107
This Historic Spanish Hacienda is a Strong Value Opportunity, listed at $1,889,000—positioned well below the $2,018,274 Fair Market Value by 6%. This valuation gap provides $129,274 in Instant Equity for the incoming owner. Maintaining a Condition Rating of 3, the property features a detached studio apartment, mountain views, and an expansive 18,858 sqft flat lot. Located near elite institutions like San Marino High School, it perfectly balances 1931 architectural character with significant financial upside. This is an ideal match for Owner-Occupants or Lifestyle Buyers seeking a private sanctuary with rental potential.
Property is move-in ready.
Although built in 1931, the property is well-maintained and move-in ready. It features recent cosmetic updates including fresh interior/exterior paint and refinished hardwood floors. The kitchen and bathrooms show older renovations (estimated 10-20 years) with functional stainless steel appliances and period-appropriate tiling, meeting the criteria for a well-maintained, functional home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18858, living area = 2170.
Elementary School: Carver Elementary School (9/10). Middle School: Foothills Middle School (9/10). High School: San Marino High School (10/10).
The property includes a separate studio with its own kitchen and bath, offering excellent versatility for rental income, multi-generational living, or a private home office.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2170, other record living area = 1770. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
At 2,170 square feet for a four-bedroom layout, the interior living spaces may feel somewhat constrained relative to the large lot size and the nearly $1.9M price point.
While the property is located near elite school districts like San Marino and Arcadia, the assigned local public schools have significantly lower ratings, which may affect long-term resale value for families.
Located on one of the few true boulevards in Pasadena in the Michillinda Park neighborhood adjacent to Chapman Woods, this beautiful Spanish hacienda offers space, privacy and character. Set on nearly 1/2 acre of flat land, the property features the charm of Deodar-lined medians, gated alley access with remote entry, a 3-car garage and a detached studio apartment. Enter through a wrought iron gated front porch and arched entry into a high-ceilinged living room with hardwood floors, large fireplace and dark wood built-ins and beams. The adjacent dining room is filled with natural light and accented by crown molding. The kitchen features stainless appliances, a granite-topped eating bar and a calming grey and peach palette. The family room has a fireplace, wood ceilings and wall of windows facing the back patio, with direct access to the living room and primary bedroom suite. This suite looks out onto the back yard and includes a private bath with stall shower, period tile and a window for natural light. Two additional large bedrooms located off the living room share a full bath. The interior has been freshly painted, and floors have been refinished or polished throughout. The exterior of the house, garage and studio has all been newly painted. There is a wonderful garden area with a massive avocado tree providing fruit and shade and a patio for relaxing and entertaining. Across the patio is the studio complete with its own kitchen and bath - perfect for guests, extended family or rental use. A large concrete parking area accommodates additional vehicles or RV parking while the 3-car garage is ideal for car enthusiasts or hobbyists. Kids, adults and guests will all build long-lasting memories in the back yard while enjoying soccer, football or almost any other activity. This is a unique opportunity to own a distinctive property to live, entertain and grow.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,170 | 1,944.5 | 60% |
| Lot Size | 18,858 | 8,238 | 81% |
| Price | $1.89M | $1.68M | 67% |
| Price per sq ft | $871 | $843 | 56% |
| Built year | 1931 | 1950 | 21% |
| HOA | $324.0 | $0 | 97% |
| Days on market | 40 | 135 | 2% |
Apr 27, 2026
$1,889,000
Initial Listing
Jan 31, 1997
$316,500
Public Record