803 Morada Place, Altadena, California 91001, Altadena, 91001 - 4 bed, 2 bath
ACTIVE$1,149,990
803 Morada Place, Altadena, California 91001
4Beds
2Baths
2,665Sqft
7,664Lot
Price Vs. Estimate
The estimated value ($1,137,927.585) is $12,062.415 (1%) lower than the list price ($1,149,990). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Development Potential: The spacious backyard features a city-cleared site for an Accessory Dwelling Unit (ADU), offering significant income-generating or extended living opportunities.
Top Cons:
Property Age & Potential Updates: Built in 1951, the home is over 70 years old, which may imply a need for significant system upgrades, renovations, or deferred maintenance.
Compared to the nearby listings
Price:$1.15M vs avg $1.11M (+$34,990)53%
Size:2,665 sqft vs avg 1,582 sqft87%
Price/sqft:$432 vs avg $71311%
More Insights
Built in 1951 (74 years old).
Condition: Built in 1951, this property shows its age in key areas despite being clean and functional. The kitchen features very dated original-style cabinets, an outdated tile backsplash, and older countertops, though the dishwasher appears newer. The bathrooms also exhibit dated tile work and fixtures. While the hardwood floors are in good condition and the walls are freshly painted, the visible standalone heating unit suggests an older, less efficient system. The property is maintained and livable, but requires significant updates to the kitchen, bathrooms, and potentially the HVAC system to meet current standards and appeal, aligning with the 'fair' category.
Year Built
1951
Close
-
List price
$1.15M
Original List price
$1.3M
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
TR25183044
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
***Nestled in the heart of Altadena, this charming 4-bedroom, 2-bath home offers the perfect blend of comfort, convenience, and opportunity. Set in a lovely neighborhood with breathtaking mountain views, the property features a spacious backyard with incredible potential — ideal for building an ADU, with the previous structure cleared by the city after the fire. Whether you’re envisioning a guesthouse, rental unit, or creative studio, the blank canvas is ready for your vision. Enjoy being just minutes from Altadena’s favorite restaurants, shops, and outdoor trails, making this home a rare find for those seeking both lifestyle and investment potential in a highly desirable community.***
Condition Rating
Fair
Built in 1951, this property shows its age in key areas despite being clean and functional. The kitchen features very dated original-style cabinets, an outdated tile backsplash, and older countertops, though the dishwasher appears newer. The bathrooms also exhibit dated tile work and fixtures. While the hardwood floors are in good condition and the walls are freshly painted, the visible standalone heating unit suggests an older, less efficient system. The property is maintained and livable, but requires significant updates to the kitchen, bathrooms, and potentially the HVAC system to meet current standards and appeal, aligning with the 'fair' category.
Pros & Cons
Pros
ADU Development Potential: The spacious backyard features a city-cleared site for an Accessory Dwelling Unit (ADU), offering significant income-generating or extended living opportunities.
Prime Altadena Location: Nestled in a highly desirable Altadena neighborhood, the property provides convenient access to local restaurants, shops, and outdoor trails.
Breathtaking Mountain Views: The home boasts stunning mountain views, significantly enhancing its aesthetic appeal and overall lifestyle quality.
Generous Living Space & Lot: With 2665 sqft of living space (4 beds, 2 baths) on a 7664 sqft lot, the property offers ample room for comfortable living and outdoor activities.
Strong Investment Appeal: Described as a 'rare find' for its blend of lifestyle benefits and considerable investment potential within a sought-after community.
Cons
Property Age & Potential Updates: Built in 1951, the home is over 70 years old, which may imply a need for significant system upgrades, renovations, or deferred maintenance.
ADU Requires Substantial Investment: While offering ADU potential, the previous structure was cleared due to a fire, meaning the ADU is not existing and requires significant capital investment and construction to realize its value.
Recent Price Reduction: The property has undergone a notable price reduction from its original list price, which could suggest a longer market time or initial overpricing, potentially impacting buyer perception.