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1550 Atchison Street, Pasadena, California 91104, Pasadena, 91104 - 7 bed, 4 bath

1550 Atchison Street, Pasadena, California 91104 home-pic-0
ACTIVE$1,599,000
1550 Atchison Street, Pasadena, California 91104
7Beds
4Baths
3,522Sqft
13,916Lot
Year Built
1924
Close
-
List price
$1.6M
Original List price
$1.79M
Price/Sqft
$454
HOA
-
Days on market
-
Sold On
-
MLS number
WS24251617
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.60M(76th), sqft - 3522(98th), beds - 7(99th), baths - 4(93th).

Welcome to this charming turn-key property located on a massive 13,916 SF lot in an ideal Pasadena neighborhood. This unique home offers two separate living units. The front unit boasts 4 bedrooms and 3 bathrooms, an open floor plan, formal dining room, and a cozy living room, an inside laundry room for added ease. The second unit offers 3 bedrooms and 1 bath, with its own private kitchen and entrance – perfect for guests or as a rental unit. The property is equipped with two electricity meters and two gas meters. The expansive backyard includes an approved ADU plan with its own separate electricity and gas meters, offering endless possibilities for additional rental income or more living space. Situated within the highly-rated Pasadena Unified School District. Close to downtown Pasadena, providing easy access to shopping, dining, and entertainment. With the enormous lot, income potential, and coveted Pasadena location, this property truly has it all. Don’t miss out – schedule your tour today!

Condition Rating
Excellent
Despite being built in 1924, this property has undergone an extensive and very recent renovation, making it effectively 'new' in terms of its interior finishes and major components. Both kitchen units feature modern white shaker cabinets, new stainless steel appliances, contemporary countertops, and updated fixtures. All bathrooms are fully renovated with modern vanities, tiled showers/tubs, and updated fixtures. New wood-look flooring (laminate/tile) is consistent throughout, and the walls are freshly painted. The property is described as 'turn-key,' and the images support a comprehensive, high-quality renovation that meets current standards with no visible deferred maintenance.
Pros & Cons

Pros

Income-Generating Potential: The property features two separate living units with individual electricity and gas meters, plus approved ADU plans with separate utilities, offering significant rental income or multi-generational living opportunities.
Expansive Lot Size: A massive 13,916 SF lot provides ample outdoor space, privacy, and future development potential in a desirable urban area like Pasadena.
Prime Pasadena Location: Situated in an 'ideal' and 'coveted' Pasadena neighborhood, offering convenient access to downtown amenities, shopping, dining, entertainment, and within a highly-rated school district.
Approved ADU Plans: The presence of approved plans for an Accessory Dwelling Unit (ADU) with separate utilities significantly enhances future value and income potential, ready for immediate development.
Turn-Key Condition: Described as a 'charming turn-key property,' suggesting it is well-maintained and ready for immediate occupancy, reducing initial buyer costs and effort.

Cons

Age of Property & Potential for System Updates: Built in 1924, despite being 'turn-key,' the property's age suggests that major systems (e.g., plumbing, electrical, HVAC) may be original or require significant updates in the near future, which are not explicitly detailed as having been recently renovated.
Lack of Views: The property explicitly states 'None' for views, which might be a disadvantage in a desirable market where scenic views can significantly enhance property value and desirability.
Significant Price Reduction: The property has seen a substantial price reduction from its original list price of $1.79M to $1.599M, which could indicate initial overpricing or a longer time on market, potentially raising questions for prospective buyers.

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