
Pasadena, California 91106
This Madison Heights residence represents a Prime Investment Opportunity, listed at a List Price of $1,998,000—positioned well below the $2,053,124 Fair Market Value by 2%. This valuation gap provides $55,124 in Instant Equity. Featuring a Condition Rating of 3, the property pairs a historic 1892 main house with a brand-new 2025 ADU and saltwater pool. This versatile configuration is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring a sophisticated, multi-generational living arrangement in a premier Pasadena location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 870 S Euclid Avenue Subject | $1,998,000* List Price | 4 | 3 | 2,340 | $877 | - |
A 525 E California Sold | $2,136,000 | 3 | 3 | 2,669 | $800 | 0.4 mi |
B 940 Cornell Road Sold | $1,600,000 | 3 | 2 | 2,047 | $782 | 0.7 mi |
C 1300 S Marengo Avenue Active Under Contract | $1,799,000 List Price | 3 | 2 | 2,218 | $811 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a hybrid of a brand-new 2025 ADU and saltwater pool in excellent condition, paired with a well-maintained main house built in 1892. While the main house is move-in ready, its kitchen and flooring (honey-oak cabinets and parquet floors) appear to be from a renovation 15-25 years ago, placing the primary structure in the 'fair-to-good' range. The overall score is elevated by the high-quality new construction and systems of the ADU.
The property features a newly completed (2025) fully equipped Accessory Dwelling Unit and a saltwater pool/spa, offering immediate luxury and significant rental income potential.
Situated in one of Pasadena's most prestigious neighborhoods, the home is minutes away from The Langham, high-end shopping, and the Metro Gold Line.
The combination of a historic main house and a modern ADU provides a flexible layout ideal for multi-generational living or a sophisticated work-from-home setup.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2340, other record living area = 1112. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The 1892 main house may require significant remodeling or expansion to aesthetically and functionally match the ultra-modern standards of the 2025 ADU.
Given the main structure's age of over 130 years, buyers should anticipate potential costs associated with maintaining or upgrading older systems and foundations.
This remarkable Madison Heights property offers a rare combination of historic charm, modern updates designed with space to live, gather and grow. With outstanding versatility, the main house features inviting living spaces, a flexible layout with three bedrooms, and a spacious kitchen leading out to a covered side patio. The family room overlooks a stunning private backyard retreat with picturesque views of the San Gabriel mountain range. The attached garage features a Tesla charger and plenty of room for one car and extra storage. In 2025, the property was thoughtfully enhanced with a newly completed saltwater pool & spa, freestanding bar, 12 X 20 workshop/garage with rear alley access, ideal for the fully equipped newly constructed accessory dwelling unit (ADU). Beautifully designed, the ADU includes an open living area with vaulted ceilings, quartz-countertops, private bedroom suite, and stylish bathroom with walk-in shower -ideal for guests, extended family, rental income, or a private workspace. This prime location is just minutes from The Langham, The Huntington Library, Whole Foods, the Metro Gold Line, shopping, dining, and highly accredited private schools. This is a unique opportunity to own a property that seamlessly blends tradition with modern living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,340 | 1,839.942 |
| Lot Size | 9,256 | 8,508.491 |
| Price | $2.00M | $1.65M |
| Price per sq ft | $854 | $914 |
| Built year | 1892 | 1934 |
| HOA | $0 | $449 |
| Days on market | 23 | 45 |
Aug 17, 2026
$1,998,000
Initial Listing