940 Cornell Road, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 2 bath

940 Cornell Road, Pasadena, California 91106 home-pic-0

940 Cornell Road

Pasadena, California 91106

ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,047Sq Ft
7,275Lot Size

Property Price

LIST PRICE$1,800,000
EST. MARKET VALUE
$1,723,741
4% AboveMARKET VALUE

SUMMARY

Analysis of 940 Cornell Road, Pasadena, California 91106 reveals a property with a current list price of $1,800,000, which is 4% above the estimated $1,723,741 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,723,741
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
940 Cornell Road
Subject
$1,800,000*
List Price
322,047$842-
A
525 E California
Active Under Contract
$2,079,000
List Price
332,669$7790.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

This 1925 Spanish Revival home retains significant architectural character and 'casual elegance' with barrel-vault ceilings and arched French doors, but it is explicitly marketed as a renovation opportunity. While the home appears well-maintained and functional, the kitchen and bathrooms are dated and do not reflect modern luxury standards. Given its century-old infrastructure and the listing's emphasis on building equity through renovation, it fits the 'fair' criteria as an aged property requiring updates to its major systems and interior finishes.

PROSSTRENGTHS & OPPORTUNITIES

  • Architectural Character

    This 1925 Spanish Revival home features timeless craftsmanship, including barrel-vault ceilings, arched French doors, and wrought iron details that provide significant aesthetic appeal.

  • Prime Corner Lot

    Situated on a verdant corner lot in the desirable South Lake neighborhood, the property offers a secluded sanctuary with privacy hedges and a spacious wraparound yard.

  • Value-Add Potential

    With a detached two-car garage suitable for conversion and a layout primed for renovation, the property presents a significant opportunity to build equity in a high-demand area.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7275, other record lot size in square feet = 7536.

  • Renovation Required

    The property is positioned as a renovation project, meaning buyers should anticipate additional capital expenditure to modernize the interior and systems.

  • Century-Old Infrastructure

    Given its 1925 construction, the home may require extensive updates to its foundational systems to meet modern standards and efficiency.

About 940 Cornell Road

On a verdant, corner lot in Pasadena's charming South Lake neighborhood, 940 Cornell Road offers an enticing blend of comfort, beauty, and convenience. If you've been searching for the perfect opportunity to renovate, build equity, and bring your dream home to life all at the same time, look no further! Privacy hedges wrap around the front yard, creating a peaceful and secluded sanctuary that's entirely your own. Once inside, the home's beautiful layout unfolds with a sense of ease and casual elegance while Spanish Revival influences add rich character. Arched French doors and doorways, wrought iron details, and barrel-vault ceilings create a timeless sense of craftsmanship and architectural beauty. The spacious living room is bright and welcoming with four sets of French doors that invite an abundance of light. A serene, enclosed patio includes an entire wall of windows, blurring the lines between indoors and out. The dining room, with its subtle tray ceiling, offers distinguished character and a beautiful setting to enjoy special meals with loved ones. Nearby, the kitchen features a spacious layout and a pantry for extra convenience. Completing the main level, find a conveniently placed bedroom and bathroom while upstairs, two additional bright and cheerful bedrooms share a full bathroom. You'll savor the home's lush and peaceful outdoor areas year-round with a large stone patio in the back, tailor made for al fresco dining, and a sun-dappled wraparound yard perfect for play, garden parties, and gently swaying on a hammock during lazy, temperate afternoons. With a detached 2 car garage that can easily be converted into a large bonus space, 940 Cornell Road is brimming with opportunity!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1925
Lot Size
7,275 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot2,0471,997
55%
Lot Size7,2759,736
36%
Price$1.80M$1.85M
45%
Price per sq ft$879$925
39%
Built year19251922
67%
HOA$0$0
50%
Days on market2156
3%

Pricing History

Listed for Sale

Mar 5, 2026

$1,800,000

Initial Listing

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