
Pasadena, California 91106
This Value-Add Residential Asset represents a strategic redevelopment opportunity in a premier Pasadena location. Listed at $1,450,000, the pricing is positioned near the $1,421,498 Fair Market Value, reflecting the high intrinsic land value within the Pasadena Unified district. The expansive 9,256 sq ft RS-6 lot provides significant ADU Potential and space for a complete architectural overhaul. Currently holding a Condition Rating of 5 due to extensive deferred maintenance, the property requires a total transformation to unlock its maximum ROI. This project is ideally suited for Fix-and-Flip Investors or Contractors seeking a high-upside renovation in a high-demand neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 871 S Los Robles Avenue Subject | $1,450,000* List Price | 3 | 1 | 1,384 | $1,027 | - |
A 745 S Catalina Avenue Active | $1,775,000 List Price | 3 | 2 | 1,605 | $1,106 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912, this property is explicitly marketed as a 'diamond in the rough' with significant deferred maintenance. The exterior shows signs of age including peeling paint and overgrown landscaping, and the listing description confirms the interior requires a total transformation, making it a major rehabilitation project for investors or builders.
The property is situated in a highly desirable neighborhood with exceptional proximity to Old Town Pasadena, luxury shopping on Lake Avenue, Huntington Hospital, and major freeway corridors.
The generous 9,256 sq ft RS-6 lot offers ample space for redevelopment, expansion, or the addition of an Accessory Dwelling Unit (ADU) to maximize property value.
Offered for the first time in decades as a 'diamond in the rough,' this value-add opportunity allows investors or builders to realize significant appreciation through a comprehensive renovation.
The property requires a total transformation and significant capital investment to address years of neglect and bring the structure up to modern standards.
Being a probate sale sold 'as-is' with an unpermitted bathroom, the transaction and subsequent renovation may face complexities regarding financing and city permit compliance.
Bring your contractors and your vision! A rare value-add opportunity in a prime Pasadena location. Offered for the first time in decades, this property is the ultimate diamond in the rough. Probate listing sold as-is. The home features 3 bedrooms and 2 baths (one unpermitted) on a generous 9,256 sq ft RS-6 lot, offering excellent redevelopment and ADU potential. Interior spaces show significant deferred maintenance and are ready for transformation. Located just minutes from Old Town Pasadena, The Shops on Lake Avenue, Huntington Hospital, Arroyo Parkway, and convenient access to the 110, 210, and 134 freeways. Ideal for investors, builders, or buyers seeking a major project in a highly desirable neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,384 | 2,020.5 | 28% |
| Lot Size | 9,256 | 9,037.5 | 53% |
| Price | $1.45M | $1.90M | 34% |
| Price per sq ft | $1.0K | $949 | 69% |
| Built year | 1912 | 1919 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 192 | 3% |
Apr 9, 2026
$1,450,000
Initial Listing