1755 Morada Place, Altadena, California 91001, Altadena, 91001 - 4 bed, 3 bath

1755 Morada Place, Altadena, California 91001 home-pic-0
ACTIVE$1,699,000
1755 Morada Place, Altadena, California 91001
4Beds
3Baths
2,043Sqft
7,448Lot

Price Vs. Estimate

The estimated value ($1,039,575.03) is $659,424.97 (38%) lower than the list price ($1,699,000). This property may be overpriced.

Key pros and cons

Top Pros:
Dual Income Potential: The property features two distinct homes, including a legal ADU with its own address and electric meter, which has a proven rental history of $3,000/month, offering significant income potential or multi-generational living options.
Top Cons:
Significant Overpricing: The current listing price of $1,699,000 is substantially higher than the estimated property value of $1,039,575, indicating a potential overvaluation of approximately 38% compared to market data.

Compared to the nearby listings

Price:$1.70M vs avg $1.11M (+$584,000)84%
Size:2,043 sqft vs avg 1,582 sqft66%
Price/sqft:$832 vs avg $72269%

More Insights

Built in 1924 (101 years old).
Condition: Despite being built in 1924, this property has undergone a comprehensive 12-month renovation, bringing both the main house and the ADU to a virtually new condition. The main kitchen features brand new quartz countertops, appliances, and a farmhouse sink, while the primary bathroom is newly added with modern tiling and fixtures. Key systems like the roof, AC, furnace, and water heaters are all brand new. The overall aesthetic is modern and high-quality, with updated flooring, lighting, and fresh paint throughout, indicating no deferred maintenance and meeting current quality standards.
Year Built
1924
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$832
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21442
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

2 Homes for the price of one! The front unit is a 1920's charming Bungalow with 3 beds, 2 bath and 1,422 square feet. An additional 210 square foot private front porch provides a serene oasis to have your morning coffee. The entire house has undergone a 12 month complete renovation. The interior walls and ceilings of the house has been skim coated and newly painted. The kitchen has brand new quartz countertops, dishwasher, stove/oven, backsplash, cabinet handles, farmers sink, and faucet/water spout. 3 spacious bedrooms with plenty of closet space. The primary bedroom has its own newly added spacious primary full bath with a shower tub. Primary Bedroom also has a new walk-in closet. Exterior has been repaired and newly painted. Brand new roof was installed. The attic has been upgraded with new catwalks, new insulation, ducting and a brand new AC and furnace. A brand new water heater has also been installed.The 2nd unit was a passion project and one of the first legal ADUs in the nation with its own address and electric meter. The ADU has been consistently rented for the last 5 years and was recently rented for $3,000/month. Totaling 621 square feet, this once 3-car garage has been converted into an open studio layout with a private entry, electric stove/oven, walk-in closet and bathroom. The ADU has its own washer/dryer hook ups and tankless water heater.The backyard has lemon and grapefruit trees with sprinkler systems installed throughout the property.This income producing property is hard to come by with endless opportunities! Enjoy mountain views, great markets, restaurants and schools all walking distance. Near golf courses, hiking trails and parks.Both units have been professionally cleaned by smoke mitigators after Jan. 7, 2025.

Condition Rating
Excellent

Despite being built in 1924, this property has undergone a comprehensive 12-month renovation, bringing both the main house and the ADU to a virtually new condition. The main kitchen features brand new quartz countertops, appliances, and a farmhouse sink, while the primary bathroom is newly added with modern tiling and fixtures. Key systems like the roof, AC, furnace, and water heaters are all brand new. The overall aesthetic is modern and high-quality, with updated flooring, lighting, and fresh paint throughout, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Dual Income Potential: The property features two distinct homes, including a legal ADU with its own address and electric meter, which has a proven rental history of $3,000/month, offering significant income potential or multi-generational living options.
Extensive Recent Renovation: The front bungalow has undergone a comprehensive 12-month renovation, including new interior/exterior paint, upgraded kitchen with quartz countertops, new primary bath and walk-in closet, and a brand new roof, minimizing immediate buyer expenses.
Modern HVAC System: The main house benefits from a newly installed AC and furnace, along with upgraded attic insulation and ducting, providing modern comfort and energy efficiency for a 1924-built home.
Desirable Location & Amenities: Situated in Altadena, the property offers mountain views and is within walking distance to markets, restaurants, and schools, with proximity to golf courses, hiking trails, and parks, enhancing lifestyle appeal.
Outdoor Living Space & Landscaping: A private 210 sq ft front porch provides a serene oasis, complemented by a backyard featuring mature lemon and grapefruit trees and an installed sprinkler system, offering pleasant outdoor enjoyment.

Cons

Significant Overpricing: The current listing price of $1,699,000 is substantially higher than the estimated property value of $1,039,575, indicating a potential overvaluation of approximately 38% compared to market data.
Potential for Undisclosed Original Systems: While major components like HVAC and water heater are new, the description does not explicitly state full electrical rewiring or plumbing repiping for the main 1924-built house, which could lead to future maintenance or upgrade costs.
Past Smoke Damage History: The mention of professional smoke mitigation after January 7, 2025, indicates a history of smoke damage, which, despite remediation, may raise concerns for some buyers regarding potential lingering issues or insurance implications.

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