
Pasadena, California 91106
This property presents a High-Potential Investment Opportunity with a List Price of $3,195,000—positioned above the $2,796,594 Fair Market Value. While the price reflects the premium Oak Knoll location, the Fair Condition Rating (5/10) necessitates a comprehensive renovation. The asset features Approved ADU Plans and Pending Permits for a 1,700 sqft addition, providing significant forced appreciation potential on the 12,109 sqft lot. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to execute a high-end redevelopment in a prestigious Pasadena district.
Property is extensive renovation needed.
The property was built in 1952 (74 years old) and lacks mention of recent systemic or interior renovations. While the exterior appears maintained, the listing is marketed as a major redevelopment project with pending permits for a 1,700 sqft remodel/addition and approved ADU plans, indicating the original structure and systems require a comprehensive rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12109, living area = 2530.
Situated in the highly coveted Oak Knoll District near the Langham Hotel and CalTech, this property offers unparalleled access to Pasadena's finest dining, shopping, and elite institutions.
The property comes with approved plans for a 718 sqft ADU with a separate address and pending permits for a 1,700 sqft expansion, offering massive value-add potential for investors or owner-users.
With only two existing bedrooms at a $3.195M price point, the current configuration may be a drawback for larger families who are not looking to undergo immediate construction.
The listing indicates no specific views, which may be a disadvantage compared to other luxury properties in the Pasadena area that offer mountain or city light vistas.
This home is located in Pasadena’s most sought after neighborhood, the Oak Knoll District, near the Huntington Langham Hotel. This ranch style home is located in the residential neighborhood just below the prestigious South Lake Ave., adjacent to Pasadena Polytecnic School and CalTech. This home is an ideal escape on a private secluded street, ideal for both working from home and private entertaining..., and yet still close enough for a quick drive for dining and shopping on South Lake Ave. Pending city permit to add 1700sqft remodel and addition to the main house, and APPROVED PLANS for a 718sqft ADU with separate address, 797 Fairfield Circle, ready to build. This property has two addresses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,530 | 1,839.942 |
| Lot Size | 12,109 | 8,508.491 |
| Price | $3.19M | $1.65M |
| Price per sq ft | $1.3K | $914 |
| Built year | 1952 | 1934 |
| HOA | $0 | $449 |
| Days on market | 47 | 45 |
Jul 24, 2026
$3,195,000
Initial Listing
Oct 23, 2017
$31,000
Public Record
Jul 31, 2003
$1,100,000
Public Record
Nov 24, 1999
$795,000
Public Record