
Pasadena, California 91106
This Restored 1924 Craftsman with ADU is a Prime Investment Opportunity, listed at $1,880,000—positioned well below the $1,923,464 Fair Market Value by 2%. This valuation provides $43,464 in Instant Equity. Boasting an Excellent Condition Rating, the property features a main residence plus a new 669 sq. ft. ADU, paid solar, and mountain views with a private spa. Eligible for Mills Act tax benefits within the Pasadena Unified district, it offers significant long-term savings. This is an ideal acquisition for Multi-generational Families or Owner-Occupants seeking high-end living with rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 577 N Chester Avenue Subject | $1,800,000* List Price | 6 | 4 | 2,944 | $632 | - |
A 1614 Las Lunas Street Pending | $1,895,000 List Price | 5 | 3 | 2,905 | $652 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a meticulously restored 1924 Craftsman that seamlessly blends historic character with extensive modern upgrades. It features a brand-new 669 sq. ft. ADU with a modern kitchen, while the main residence has been updated with a newer roof, updated HVAC and ducting, two tankless water heaters, and fully paid solar panels. The interior boasts high-quality finishes, including original built-ins and hardwood floors, with all major systems recently replaced or well-maintained, meeting the criteria for excellent condition.
The property features two homes on one lot, including a newly completed 669 sq. ft. ADU and three separate utility meters, providing excellent opportunities for rental income or flexible multi-generational living.
As a restored 1924 Craftsman eligible for the Mills Act, the property offers a rare opportunity for significant property tax savings while preserving its authentic architectural heritage.
The home seamlessly blends historic charm with high-value modern infrastructure, including fully paid solar panels, updated HVAC and ducting, a newer roof, and dual tankless water heaters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2944, other record living area = 1974. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
The property's history as a triplex and its current multi-unit setup require careful buyer due diligence to verify legal occupancy status and zoning compliance for intended use.
With two separate residences and a large main house footprint on a 7,449 sq. ft. lot, the outdoor space may feel relatively compact for buyers prioritizing expansive private yard areas.
Fabulous restored Craftsman home on a picturesque, tree-lined street near the highly sought-after Bungalow Heaven neighborhood. This architectural gem blends timeless Craftsman character with modern upgrades, offering a rare opportunity to own a piece of Pasadena history. Situated on beautifully landscaped grounds, the property features two homes on one lot. A spacious front porch welcomes you into the main residence with hardwood floors, classic wood moldings, and original built-in cabinetry showcasing true Craftsman detail. Originally configured as a triplex, the property retains three separate meters, offering flexibility for multi-generational living or potential income use (buyer to verify). The main house offers five bedrooms and three bathrooms. The living room features a distinctive clinker brick fireplace, rich wood detailing, and abundant natural light. A formal dining room is ideal for entertaining, and a private office with a closet can function as an additional bedroom. Three bedrooms are located on the main level, with two upper-level en-suite bedrooms, each with its own kitchen, bathroom, and separate meter. The kitchen offers generous storage and connects to a bright breakfast nook overlooking the backyard, plus a dedicated laundry room nearby. The property qualifies for the Mills Act for potential property tax benefits; application and approval required through the City of Pasadena (buyer to verify eligibility). The backyard provides a private outdoor retreat with a Hawaiian-style gazebo, hot tub, grassy area, and mature landscaping. A newly completed 669 Sq Ft ADU includes one bedroom, one bathroom, and a modern kitchen with a large island—ideal for guests, extended living, or rental income. Recent improvements include updated HVAC and ducting, two tankless water heaters, newer roof, and fully paid solar. Low-maintenance artificial turf enhances curb appeal. Conveniently located near shopping, local markets, restaurants, Metro Gold Line, and major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 81% |
| Square foot | 2,944 | 2,055 | 81% |
| Lot Size | 7,449 | 9,004.5 | 38% |
| Price | $1.80M | $1.90M | 41% |
| Price per sq ft | $611 | $922 | 3% |
| Built year | 1924 | 1921 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 70 | 192 | 13% |
Apr 3, 2026
$1,800,000
$1,880,000
-4% Price Drop
Initial Listing
Feb 11, 2026
$1,880,000
Initial Listing
Oct 8, 2008
$635,000
Public Record