
Pasadena, California 91104
This Spanish Colonial Revival represents a High-Potential Investment Opportunity, listed at $1,500,000—positioned well below the $1,551,428 Fair Market Value by 3%. This valuation gap offers $51,428 in Instant Equity. With an Excellent Condition Rating, the home features a gourmet kitchen and a soundproof music studio with significant ADU potential. Situated on an oversized lot, this property balances historic character with modern functionality. It is an ideal acquisition for savvy investors or owner-occupants seeking a turnkey, high-value asset in Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 831 E Rio Grande Street Subject | $1,500,000* List Price | 3 | 3 | 1,968 | $788 | - |
A 530 E Jackson Street Sold | $1,479,030 | 3 | 2 | 1,578 | $937 | 0.6 mi |
B 335 E Howard Sold | $1,125,000 | 2 | 2 | 1,418 | $793 | 0.6 mi |
C 967 N El Molino Avenue Sold | $1,180,000 | 3 | 2 | 1,637 | $721 | 0.6 mi |
D 1180 N Catalina Sold | $1,325,000 | 2 | 2 | 1,573 | $842 | 0.4 mi |
E 622 E Penn Street Sold | $1,225,215 | 3 | 2 | 1,538 | $797 | 0.3 mi |
F 519 E Howard St Active Under Contract | $1,749,000 List Price | 3 | 2 | 1,787 | $979 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1924 build date, the property has undergone high-end renovations within the 'Excellent' threshold. The gourmet kitchen features modern honed granite, farmhouse sinks, and premium stainless appliances. Bathrooms are fully updated with contemporary subway tiling and fixtures. Visible recessed lighting and ceiling vents indicate modernized electrical and HVAC systems, making the home move-in ready with no apparent maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9567, living area = 1968.
This 1924 Spanish Colonial Revival masterfully preserves its original charm with Saltillo tile and period fireplaces while offering a high-end gourmet kitchen and updated en suite bedrooms.
The detached garage has been professionally converted into a fully soundproof music studio, providing a turnkey solution for remote professionals or creatives, plus significant ADU potential.
As a century-old property, buyers should anticipate the typical upkeep and potential structural considerations associated with 1920s craftsmanship and materials.
The property listing specifies no views, which may be a drawback for buyers seeking the panoramic vistas or hillside outlooks often found in premium Pasadena neighborhoods.
This enchanting 1924 Spanish Colonial Revival proves that timeless design never goes out of style. Set on an oversized lot in the heart of Pasadena, it blends authentic period character with thoughtful modern updates - the rare home that feels both historic and effortlessly livable. A beautiful, generously sized front porch sets the tone, opening to a classic living room anchored by a period tile fireplace and built-in bookshelves. The formal dining room charms with a decorative corner fireplace and a graceful display niche, while a sun-drenched breakfast nook is framed by a delightful arch crowning the front window. Warm Saltillo tile floors flow throughout, grounding every room in genuine Old World character.At the center of it all, the gourmet kitchen is a cook's dream - honed granite countertops, a farmhouse sink, and high-end stainless steel appliances, including a double-drawer dishwasher. A spacious, updated laundry room adds everyday function with quartzite countertops and custom cabinetry. The home offers three well-appointed bedrooms, two of them en suite. The spacious primary retreat features dual pedestal sinks and a walk-in shower; the second bedroom enjoys its own private full bath; and a separate full bath off the main hallway serves the third bedroom, which opens to its own private patio. A standout for creatives and remote professionals alike: the detached two-car garage has been transformed into a fully soundproof music studio - a turnkey space for recording, rehearsing, or quiet, focused work. Combined with the surrounding spaces, the property offers genuine ADU potential for the savvy investor looking to add long-term value. Outdoors, the oversized lot truly shines. A covered patio with a built-in barbecue area is made for entertaining, while mature fruit trees and shady, established landscaping create a private, sun-dappled retreat with ample room to imagine a pool, garden, or future expansion. All of this just minutes from the shops on Lake Avenue, CalTech, and Old Town Pasadena. A rare blend of character, flexibility, and opportunity - come experience classic Pasadena living for yourself. All offers are due Tuesday June 30, 2026 by 5:00 PM.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,968 | 1,739.5 |
| Lot Size | 9,567 | 7,979 |
| Price | $1.50M | $1.62M |
| Price per sq ft | $762 | $897 |
| Built year | 1924 | 1936 |
| HOA | $0 | $250 |
| Days on market | 28 | 45 |
Jun 24, 2026
$1,500,000
Initial Listing
Oct 26, 2023
$1,485,000
Public Record
Oct 8, 2009
$720,000
Public Record
Mar 6, 2006
$800,000
Public Record
Jun 30, 2005
$675,000
Public Record