
Pasadena, California 91106
This 1920 Italian Period Revival is a High-Potential Investment Opportunity, listed at $3,150,000—positioned above the $2,847,109 Fair Market Value. While the property requires modernization, its Fair Condition Rating reflects the preservation of original craftsmanship in the prestigious Madison Heights neighborhood. The 3,400 square foot layout and historic significance offer a unique canvas for restoration. Given the potential for landmark district oversight, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term architectural asset with significant historical character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 704 S Oakland Avenue Subject | $3,150,000* List Price | 5 | 4 | 3,400 | $837 | - |
A 748 S El Molino Avenue Sold | $3,400,000 | 5 | 4 | 4,263 | $798 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home is exceptionally well-maintained and move-in ready, the kitchen and bathrooms reflect a renovation style likely 20-25 years old, featuring dated white appliances and older cabinetry. Per the criteria, the age of these key areas and the 100+ year old structure place it in the fair category despite its pristine preservation.
This 1920 Italian Period Revival home boasts exceptional craftsmanship and a 'good' construction rating, serving as a significant contributor to the historic Madison Heights neighborhood.
Situated on one of Pasadena’s most walkable and desirable streets, the property is located directly across from the historic Albert Einstein house in the heart of Madison Heights.
With 3,400 square feet of living space on a nearly 10,000 square foot lot, the home offers a rare five-bedroom configuration with seamless indoor-outdoor flow and preserved period details.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3400, other record living area = 3000. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Coming to the market for the first time in over 65 years, the property likely requires significant capital investment to update mechanical systems and interiors to contemporary luxury standards.
As a recognized contributor to a potential Landmark District, future renovations or exterior modifications may be subject to strict historical preservation guidelines and city oversight.
An exceptionally rare gem coming to market for the first time in over 65 years, situated on the most walkable, desirable street in Madison Heights -- directly across from the historic Albert Einstein house.This Italian Period Revival was completed in 1920 by 24-year-old Miles Stone, rated 'good' construction quality by the Pasadena City Assessor -- the highest mark on their scale. That rating has held up for over a century. The City of Pasadena has recognized this property as a contributor to the potential Madison Heights Landmark District, a neighborhood of architectural significance and enduring appeal.The bones are genuine and the craftsmanship extraordinary: original hardwood floors, gorgeous crown and plaster moldings, a stunning fireplace mantle, and a tiled roof that speak to the graceful proportions that defined the Italian Revival style's Pasadena heyday -- details simply not found in homes built today.Spread across 3,400 square feet, the layout is as livable as it is classic. The main floor offers a formal living room, formal dining room, breakfast room, wet bar, kitchen, service porch, and a fabulous great room -- all flowing together to create seamless indoor/outdoor living and effortless entertaining. A fifth bedroom and full bathroom complete the main floor. Upstairs, four spacious bedrooms include a Jack and Jill bathroom, an additional full bathroom, and a private half bath in the main bedroom. Step out onto the second-floor terrace to take in the treetops and unwind at the end of the day.Outside, the professionally landscaped backyard is framed by mature trees that lend the property a timeless, established character -- beautiful, relaxing, and made for gathering. A two-car detached garage with a generous attached storage room completes the offering.When the house was first advertised, it was described as having 'unusual attractiveness' and being 'artistic, substantial, and pleasing.'Over a century later -- and with a lifetime of memories still waiting to be made -- the description still fits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 81% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 3,400 | 1,677.5 | 85% |
| Lot Size | 9,936 | 7,806.5 | 69% |
| Price | $3.15M | $1.67M | 85% |
| Price per sq ft | $926 | $926 | 50% |
| Built year | 1920 | 1921 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 147 | 4% |
May 13, 2026
$3,150,000
Initial Listing