974 Palm Terrace, Pasadena, California 91104, Pasadena, 91104 - bed, bath

974 Palm Terrace, Pasadena, California 91104 home-pic-0
ACTIVE$1,345,000
974 Palm Terrace, Pasadena, California 91104
0Bed
0Bath
2,133Sqft
9,257Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Duplex Configuration & Income Potential: The property offers two distinct units, providing excellent potential for rental income or multi-generational living in a desirable area.
Top Cons:
Potential for Updates in Front Unit: While the rear unit is renovated, the front unit (built around 1956) is described as 'traditional' with wood floors, suggesting it may require updates to meet modern buyer expectations or match the rear unit's condition.

Compared to the nearby listings

Price:$1.34M vs avg $1.28M (+$61,309)54%
Size:2,133 sqft vs avg 2,133 sqft50%
Price/sqft:$631 vs avg $55654%

More Insights

Built in 1890 (135 years old).
Condition: This duplex presents a mixed condition. The rear unit has been recently renovated with new flooring, paint, a split unit heat and air system, and a new bathroom, along with an updated kitchen featuring stainless steel appliances, placing it in 'Good' to 'Excellent' condition. However, the front unit, built in 1956, is described as 'traditional' with wood floors and lacks specific mention of recent kitchen or bathroom renovations. The absence of images for the front unit's interior, coupled with the 'traditional' description and the property analysis noting 'Potential for Updates in Front Unit' and 'Lack of Modern Cooling in Front Unit,' suggests its kitchen and bathrooms are likely outdated and would require significant updates to meet current standards. Therefore, while one unit is well-maintained and updated, the other likely needs substantial work, leading to an overall 'Fair' assessment for the property.
Year Built
1890
Close
-
List price
$1.34M
Original List price
$1.34M
Price/Sqft
$631
HOA
-
Days on market
-
Sold On
-
MLS number
RS25087123
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Welcome to this wonderful opportunity to own a duplex in the sought after Washington Square Neighborhood. With a large setback you'll find the setting tranquil and the homes delightful. The front unit 974 Palm Terrace, at just under 1200 square feet, is a traditional home with wood floors. Being built around 1956, the large open floor plan, living, dining and kitchen allow for great flow for entertaining. The bedrooms are generous and there is a washer and dryer in the unit. Having a lovely rear garden, this unit also has a 2 car detached garage. 976 Palm Terrace is the rear home and has its own private garden in the front as well as a rear patio and yard. The home has been renovated with new flooring, paint and a split unit heat and air system, as well as a new bathroom. There are 2 bedrooms as well as a bonus room that is great for an office. The ample kitchen is made for baking pies and mint juleps that can be enjoyed on the large front porch. The living room has a decorative fireplace that evokes the era's of the 1890"s and the graceful front porch echoes from a time when this charming bungalow was built. Both homes have dishwashers, and newer water heaters. The rear unit has its own carport and an additonal parking space.

Condition Rating
Fair

This duplex presents a mixed condition. The rear unit has been recently renovated with new flooring, paint, a split unit heat and air system, and a new bathroom, along with an updated kitchen featuring stainless steel appliances, placing it in 'Good' to 'Excellent' condition. However, the front unit, built in 1956, is described as 'traditional' with wood floors and lacks specific mention of recent kitchen or bathroom renovations. The absence of images for the front unit's interior, coupled with the 'traditional' description and the property analysis noting 'Potential for Updates in Front Unit' and 'Lack of Modern Cooling in Front Unit,' suggests its kitchen and bathrooms are likely outdated and would require significant updates to meet current standards. Therefore, while one unit is well-maintained and updated, the other likely needs substantial work, leading to an overall 'Fair' assessment for the property.
Pros & Cons

Pros

Duplex Configuration & Income Potential: The property offers two distinct units, providing excellent potential for rental income or multi-generational living in a desirable area.
Prime Pasadena Location: Situated in the highly sought-after Washington Square Neighborhood, ensuring strong demand, potential for appreciation, and access to local amenities.
Renovated Rear Unit: The rear unit has undergone significant modern updates, including new flooring, paint, a split unit heat and air system, and a new bathroom, making it highly attractive and move-in ready.
Ample Parking & Private Outdoor Spaces: Each unit benefits from dedicated parking (2-car detached garage for the front, carport plus additional space for the rear) and private outdoor areas, enhancing convenience and lifestyle.
Generous Lot Size & Tranquil Setting: A substantial 9,257 sqft lot with a large setback creates a tranquil environment, offering privacy and potential for further landscaping or outdoor enjoyment.

Cons

Potential for Updates in Front Unit: While the rear unit is renovated, the front unit (built around 1956) is described as 'traditional' with wood floors, suggesting it may require updates to meet modern buyer expectations or match the rear unit's condition.
Lack of Modern Cooling in Front Unit: The description highlights a split heat and air system in the rear unit but omits any mention of cooling for the front unit, implying it may lack air conditioning, which could be a significant drawback in Pasadena's climate.
Inconsistent Property Age/Style: The property's overall year built is 1890, but the front unit is noted as 1956, and the rear unit 'evokes' the 1890s. This inconsistency could lead to questions about the property's true age, construction, and varying maintenance requirements across both units.

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