1137 E Mariposa St, Altadena, California 91001, Altadena, 91001 - bed, bath

1137 E Mariposa St, Altadena, California 91001 home-pic-0
ACTIVE UNDER CONTRACT$599,000
1137 E Mariposa St, Altadena, California 91001
0Bed
0Bath
Sqft
8,040Lot
Year Built
1966
Close
-
List price
$599K
Original List price
$675K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22266
Home ConditionTear down
Features
Good View: Mountain(s)
Pool
Spa
Patio
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $599.0K(8th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

Situated in one of Altadena's most desirable neighborhoods, this lot offers a rare opportunity to build your dream home on a quiet street, surrounded by intact neighboring homes. Located in the heart of Altadena, 1137 E Mariposa provides convenient access to the community's most treasured landmarks: the country club, library, golf course, Christmas Tree Lane, and Mariposa Junction. It's also just minutes from popular hiking trails and all that neighboring Pasadena has to offer. The backyard features original hardscape elements, including a decorative tile pool, separate in-ground jacuzzi, spacious patio, and basketball court. The garden that once surrounded the pool was home to a variety of plants, many of which remain today, including a mature palm and plumeria tree. Set at the end of a shared driveway, the lot offers a private and peaceful atmosphere with a strong sense of seclusion. This was once the site of a mid-century, 4 bedroom, 3 bath home with 2,410 square feet of living space on an 8,040-square-foot lot. With Phase 2 debris removal complete, the site is cleared and ready for its next chapter. Currently, Altadena Community Standards allow for a gross structural area of up to 3,010 square feet. This limit does not include an additional allocation for a garage or ADU. The property is being sold as land only.

Condition Rating
Tear down

The MLS listing explicitly states that the property is being sold as 'land only' and that 'the site is cleared and ready for its next chapter.' The images confirm an empty lot with no standing residential structure. While the previous home was built in 1966, it has been demolished, and the property's value is solely based on the land and its potential for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Altadena Location: Situated in a highly desirable Altadena neighborhood on a quiet street, offering convenient access to local landmarks like the country club, library, golf course, and proximity to hiking trails and Pasadena.
Significant Building Potential: The site is cleared and ready for construction, with generous community standards allowing for a gross structural area of up to 3,010 square feet, not including additional allocation for a garage or ADU.
Existing Recreational Infrastructure: The property features original hardscape elements including a decorative tile pool, separate in-ground jacuzzi, spacious patio, and a basketball court, providing a foundation for outdoor living.
Privacy and Scenic Views: Set at the end of a shared driveway, the lot offers a private and peaceful atmosphere with a strong sense of seclusion, complemented by desirable mountain views.
Established Landscaping: Mature plants, including a palm and plumeria tree, remain from the original garden, contributing to the property's aesthetic appeal and potentially reducing new landscaping costs.

Cons

Requires Full Construction: The property is being sold as land only, necessitating a complete new home build, which involves substantial financial investment, time, and project management for the buyer.
Potential Hardscape Renovation: While existing, the 'original' hardscape elements (pool, jacuzzi, etc.) may require significant renovation or repair to meet modern standards or buyer preferences, adding to overall development expenses.
Price Reduction History: The property has undergone a notable price reduction from its original list price ($675,000 to $599,000), which could indicate previous overvaluation or market resistance at the higher price point.

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