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1551 Pasqualito Drive, San Marino, California 91108, San Marino, 91108 - 5 bed, 5 bath

1551 Pasqualito Drive, San Marino, California 91108 home-pic-0
ACTIVE$3,800,000
1551 Pasqualito Drive, San Marino, California 91108
5Beds
5Baths
4,359Sqft
20,473Lot
Year Built
1927
Close
-
List price
$3.8M
Original List price
$4M
Price/Sqft
$872
HOA
-
Days on market
-
Sold On
-
MLS number
25520335
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.80M(77th), sqft - 4359(90th), beds - 5(79th), baths - 5(77th).

One-of-a-kind RTI renovation/rebuild opportunity in a prime pocket of San Marino! This is the only listing on the market with ready-to-issue permits for the renovation & expansion of the current property into a 4,359 sqft house with ADU. The existing Tudor-style 2 story house is set forward on the approx. 1/2 acre plat lot, offering the potential for a tennis court or sizeable pool in the backyard (or both!), whilst still leaving ample space for gardens and outdoor entertaining areas. Approved plans include 5 bedrooms and 4.5 bathrooms, with a master suite that features separate his-and-hers walk in closets and a private balcony. Within walking distance of Lacy Park and the various cafes, restaurants and shops on Mission Street, this is a unique chance to build your dream estate-style home in coveted San Marino, bypassing the multi-year planning process. Copies of architectural plans are available upon request.

Condition Rating
Tear down
The property, built in 1927, is explicitly marketed as a 'renovation/rebuild opportunity' with 'ready-to-issue permits' for a new 4,359 sqft house. The interior images show very dated features (e.g., old tile, light fixtures, fireplace) and there are no photos of the kitchen or bathrooms, strongly suggesting they are in original or very poor condition. The value is clearly in the land and the approved plans for redevelopment, rather than the existing structure, which is likely considered beyond practical repair or renovation to modern standards without a complete overhaul or demolition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20473, living area = 4359.
Ready-to-Issue (RTI) Permits: The property comes with ready-to-issue permits for a significant renovation and expansion, eliminating the multi-year planning process and accelerating development.
Prime San Marino Location: Situated in a highly coveted San Marino neighborhood, offering walkability to Lacy Park, cafes, restaurants, and shops, and access to the top-rated San Marino Unified School District.
Generous Lot Size & Development Potential: An approximate half-acre lot provides ample space for luxury amenities such as a tennis court, sizeable pool, extensive gardens, and outdoor entertaining areas.
Pre-Approved Luxury Design: Approved plans detail a spacious 4,359 sqft home with 5 bedrooms and 4.5 bathrooms, including a master suite with separate his-and-hers walk-in closets and a private balcony.
Reduced Project Timeline: The unique advantage of bypassing the typical lengthy planning and approval process significantly reduces the overall timeline to realize a dream estate.

Cons

Substantial Additional Investment Required: As a 'renovation/rebuild opportunity,' the purchase price is only the initial cost; significant capital will be needed for the actual construction and finishes.
Existing Structure Condition: The current 1927 Tudor-style house is presented as a tear-down or major renovation candidate, implying it offers little immediate value and will incur demolition or extensive remodeling costs.
Project Management Responsibility: While permits are secured, the buyer will still bear the responsibility and potential stress of managing a large-scale construction project from start to finish.

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