93 N Craig Avenue, Pasadena, California 91107, Pasadena, 91107 - 3 bed, 1 bath
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Pasadena, California 91107
Analysis of 93 N Craig Avenue, Pasadena, California 91107 is currently available with a list price of $1,580,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1920 and explicitly marketed for land value only. The listing focuses on a development opportunity for 6 units, indicating the existing structure is likely unlivable or holds no value relative to the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9009, living area = 1092.
The property is a prime development opportunity with existing approval to build 6 units, significantly increasing its investment value and density potential.
Being sold with approvals already in place allows a developer to bypass the lengthy and costly permitting process, providing a faster path to construction.
The existing 1920s structure provides no habitable value and is being sold strictly for land, necessitating demolition costs for any future project.
At a list price of $1.58M for a 9,009 sqft lot, the high acquisition cost requires a developer to maintain tight margins and high-end finishes to ensure profitability.
SELLING FOR LAND VALUE. APPROVED OF BUILDING 6 UNITS, GREDT DEVELOPMENT OPPORTUNITY.
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 | 14% |
| Square foot | 1,092 | 1,935.5 | 7% |
| Lot Size | 9,009 | 8,238 | 58% |
| Price | $1.58M | $1.67M | 48% |
| Price per sq ft | $1.4K | $843 | 99% |
| Built year | 1920 | 1950 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 135 | 2% |
May 4, 2026
$1,580,000
Initial Listing
Sep 15, 2022
$1,450,000
Public Record
Jul 23, 2019
$1,000,000
Public Record
Dec 2, 2014
$899,000
Public Record
Aug 23, 2013
$750,000
Public Record
Mar 16, 2006
$860,000
Public Record
Jul 18, 1997
$139,409
Public Record