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881 Winona Avenue, Pasadena, California 91103, Pasadena, 91103 - 4 bed, 3 bath

881 Winona Avenue, Pasadena, California 91103 home-pic-0
ACTIVE$1,295,000
881 Winona Avenue, Pasadena, California 91103
4Beds
3Baths
1,797Sqft
7,114Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential & Flexibility: As a vacant duplex, the property offers immediate rental income opportunities for investors or the flexibility for an owner-occupant to live in one unit and rent the other.
Top Cons:
Multiple Price Reductions: The property has undergone several price reductions from its original listing, which may suggest initial overpricing or market resistance, potentially impacting perceived value.

Compared to the nearby listings

Price:$1.29M vs avg $1.35M ($-57,000)33%
Size:1,797 sqft vs avg 2,107 sqft33%
Price/sqft:$721 vs avg $64267%

More Insights

Built in 1905 (120 years old).
Condition: This 1905 Craftsman duplex has been significantly updated over time, making it move-in ready. Key improvements include central air conditioning in both units, new flooring and an updated, modern kitchen in the upper unit. The lower unit maintains its original charm with well-preserved wood-beamed ceilings, built-ins, and hardwood floors. While the lower unit bathrooms are functional and clean, their styles appear somewhat dated. Overall, the property is well-maintained with a good blend of historic character and modern amenities, fitting the 'Good' criteria of being extensively renovated within the last 5-15 years in key areas and requiring no immediate major renovations.
Year Built
1905
Close
-
List price
$1.29M
Original List price
$1.45M
Price/Sqft
$721
HOA
-
Days on market
-
Sold On
-
MLS number
IV25193657
Home ConditionGood
Features
Spa
Patio
ViewNeighborhood

About this home

This Craftsman duplex, built in 1905 and updated over time, features two vacant units. Lower Unit (approx. 1,176 sq. ft.): 3 bedrooms and 2 bathrooms. The living room includes a fireplace, chandelier, and wood-beamed ceiling. The dining area has a built-in buffet. The primary bedroom at the rear has a walk-in closet and private bath. Two additional bedrooms share a bathroom with a jack-and-jill closet. The kitchen includes a stove, microwave, dishwasher, refrigerator, washer, and dryer. Upper Unit (approx. 621 sq. ft.): 1 bedroom and 1 bathroom. Updates include new flooring, updated kitchen, interior paint, and a new entry door. Features vaulted ceilings, range, refrigerator, and stacked washer/dryer. The unit has a private side entrance. Additional Features: Privacy fence with motorized gate, backyard with mature fruit trees (avocado, Valencia orange, Navel orange, and lemon), CalSpas hot tub, and a two-car garage. Both units include central air and a security system. Convenient access to the Rose Bowl, Old Town Pasadena, JPL, and the 210 Freeway.

Condition Rating
Good
This 1905 Craftsman duplex has been significantly updated over time, making it move-in ready. Key improvements include central air conditioning in both units, new flooring and an updated, modern kitchen in the upper unit. The lower unit maintains its original charm with well-preserved wood-beamed ceilings, built-ins, and hardwood floors. While the lower unit bathrooms are functional and clean, their styles appear somewhat dated. Overall, the property is well-maintained with a good blend of historic character and modern amenities, fitting the 'Good' criteria of being extensively renovated within the last 5-15 years in key areas and requiring no immediate major renovations.
Pros & Cons

Pros

Income Potential & Flexibility: As a vacant duplex, the property offers immediate rental income opportunities for investors or the flexibility for an owner-occupant to live in one unit and rent the other.
Historic Charm with Modern Comforts: A 1905 Craftsman property that retains architectural character (wood-beamed ceilings, fireplace) while benefiting from significant updates including central air, updated kitchens, and new flooring.
Prime Pasadena Location: Strategically located with convenient access to key Pasadena attractions like the Rose Bowl, Old Town, JPL, and major freeway connections (210 Fwy).
Enhanced Outdoor Amenities: Features a private backyard with mature fruit trees, a CalSpas hot tub, and a motorized privacy gate, offering desirable outdoor living and security.
Turnkey Units with Appliances: Both units are equipped with essential appliances (refrigerators, washers, dryers, kitchen appliances) and central air, making them highly attractive and move-in ready for tenants.

Cons

Multiple Price Reductions: The property has undergone several price reductions from its original listing, which may suggest initial overpricing or market resistance, potentially impacting perceived value.
Age-Related Maintenance Considerations: Despite updates, a 1905-built property may still present ongoing maintenance challenges or require future investments in older systems and infrastructure.
Disparate Unit Sizes: The significant size difference between the 3-bed/2-bath lower unit (1,176 sq ft) and the 1-bed/1-bath upper unit (621 sq ft) could influence tenant demographics and rental income balance.

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