
Pasadena, California 91104
This property presents a High-Potential Investment Opportunity with a List Price of $1,000,000—positioned well below the $1,037,710 Fair Market Value by 3%. This valuation gap offers $37,710 in Instant Equity for buyers ready to execute a restoration. With a Condition Rating of 5, the home serves as a blank canvas for value-add renovations. The 7,501 sqft lot provides significant development potential for an ADU or pool. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in the historic Bungalow Heaven district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 804 N Catalina Subject | $1,000,000* List Price | 3 | 1 | 1,428 | $727 | - |
A 1250 N El Molino Avenue Sold | $1,125,000 | 3 | 2 | 1,568 | $717 | 0.7 mi |
B 892 N Chester Avenue Sold | $925,000 | 2 | 1 | 1,340 | $690 | 0.3 mi |
C 1538 N Holliston Sold | $1,275,000 | 3 | 2 | 1,680 | $759 | 0.9 mi |
D 1221 Wesley Avenue Active | $1,199,000 List Price | 3 | 2 | 1,373 | $873 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and described as a 'blank canvas' needing restoration, the property requires a full rehab. The listing emphasizes potential over current condition, and the age suggests that the kitchen, bath, and major systems are likely 30-50+ years old or original, fitting the criteria for a property needing significant rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7501, living area = 1428.
Situated in the highly coveted Bungalow Heaven landmark district, this property offers prestigious placement in one of Pasadena's most desirable and architecturally significant neighborhoods.
The generous 7,501 sqft lot features a detached garage and long driveway, providing ample space for an ADU, pool, or expansion to significantly increase the property's future value.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is marketed as a restoration project, implying that significant capital investment is needed to address deferred maintenance and modernize the interior.
A three-bedroom home with only one bathroom is below modern buyer expectations for this price point, likely requiring a costly layout reconfiguration to add a second bath.
Homes aren't often for sale in the coveted Bungalow Heaven neighborhood in Pasadena that have this much to offer! To say this home is brimming with potential is an understatement. This is a true blank canvas that is ready to be restored and transformed to your liking. Features original hardwood floors that would shine with some care, and loads of character throughout you rarely see anymore. The house offers great curb appeal with its nice front yard, and in the rear it has a spacious backyard. The detached garage with a long driveway leaves you with plenty of space for parking. There is plenty of room to set up an ADU, Pool or anything else. This property gives major entertainer's delight vibes, and offers a space that you can relax in comfortably year round. Are you ready to sit on your front porch, and enjoy your garden as you sip on your favorite morning beverage?
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,428 | 1,839.942 |
| Lot Size | 7,501 | 8,508.491 |
| Price | $1.00M | $1.65M |
| Price per sq ft | $700 | $914 |
| Built year | 1925 | 1934 |
| HOA | $0 | $449 |
| Days on market | 28 | 45 |
Aug 12, 2026
$1,000,000
Initial Listing