585 Palo Verde Avenue, Pasadena, California 91107, Pasadena, 91107 - 2 bed, 1 bath
585 Palo Verde Avenue
Pasadena, California 91107
Property Price
SUMMARY
Analysis of 585 Palo Verde Avenue, Pasadena, California 91107 reveals a Fairly Priced Property with a current list price of $999,900 aligned with the estimated $971,898 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 585 Palo Verde Avenue Subject | $999,900* List Price | 2 | 1 | 1,126 | $863 | - |
A 2325 White Street Sold | $843,410 | 2 | 1 | 842 | $1,002 | 0.6 mi |
B 1982 Corson Street Active | $900,000 List Price | 2 | 1 | 1,080 | $833 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1920s bungalow is in move-in ready condition with significant modern upgrades that exceed its age. The kitchen has been tastefully updated with stainless steel appliances, stone countertops, and contemporary cabinetry. Critical infrastructure has been modernized, including a 200-amp electrical service, central heating and air, and a new sewer line. While the home retains its original 1925 character with well-maintained hardwood floors, it does not qualify as 'excellent' due to the single-bathroom limitation and the fact that it is a well-maintained update rather than a total recent studs-out renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Infrastructure Upgrades
The property features critical mechanical updates including a 200-amp electrical service, central air and heat, and a new sewer line, mitigating the typical maintenance risks associated with 1920s homes.
- ADU Development Potential
The detached single-car garage presents a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, offering potential for rental income or expanded living quarters.
- Preserved Character & Layout
This bungalow seamlessly blends original 1920s architectural charm with a functional floor plan that includes an updated kitchen and a dedicated office nook, catering to modern work-from-home needs.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving the entire household, the property may be less competitive for buyers seeking modern convenience or those planning for long-term family growth.
- Compact Lot and Parking
The 4,069-square-foot lot and single-car garage provide limited outdoor space and parking capacity, which could be a drawback for buyers with multiple vehicles or a desire for a large yard.
About 585 Palo Verde Avenue
This darling 1920s Pasadena bungalow is rich with old-world charm and perfectly positioned in one of the city's most desirable neighborhoods, close to everything that makes Pasadena so special. Classic character blends seamlessly with thoughtful upgrades, including newer 200-amp electrical service, central air and heat, and a new sewer line--offering both charm and peace of mind. The home features two bedrooms, a cozy living room, an updated kitchen, a sprawling dining room, and a charming office nook off the primary bedroom. A single-car garage offers exciting ADU potential, while the private outdoor space sets the stage for effortless alfresco dining and relaxing evenings. Timeless, inviting, and full of possibility, this is Pasadena living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 4,069 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 3.0 | 22% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 1,126 | 1,827 | 10% |
| Lot Size | 4,069 | 8,403 | 3% |
| Price | $999.9K | $1.46M | 8% |
| Price per sq ft | $888 | $882 | 50% |
| Built year | 1925 | 1946 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 168 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$999,900
Initial Listing
Sold
Mar 23, 2017
$600,000
Public Record
Sold
Jan 31, 2007
$515,000
Public Record