1865 Hanscom Drive, South Pasadena, California 91030, South Pasadena, 91030 - 1 bed, 1 bath

1865 Hanscom Drive, South Pasadena, California 91030 home-pic-0
ACTIVE$1,200,000
1865 Hanscom Drive, South Pasadena, California 91030
1Bed
1Bath
444Sqft
19,118Lot
Year Built
1926
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$2,703
HOA
-
Days on market
-
Sold On
-
MLS number
PF24125120
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Panoramic
Deck
ViewCity Lights,Hills,Mountain(s),Panoramic

About this home

We found 3 Cons,6 Pros. Rank: price - $1.20M(8th), sqft - 444(2th), beds - 1(3th), baths - 1(15th).

Unique Development Opportunity in the Hills of South Pasadena Discover an unparalleled opportunity in the scenic hills of South Pasadena. This property, perched high with breathtaking westward views, offers a rare chance to create something extraordinary. Located in the coveted South West Hills, this expansive lot is one of the largest remaining and comes utility-ready, simplifying the development process. The existing tiny home is likely a tear down, presenting a fresh start for new construction. Imagine the possibilities – from luxurious single-family homes to innovative multi-unit developments, this property offers immense potential. South Pasadena is known for its vibrant community, excellent schools, and rich cultural heritage, making new developments highly coveted. Enjoy a peaceful hillside retreat just minutes from top-notch dining, shopping, and entertainment. Act now – opportunities like this are rare. Contact us today to explore the possibilities and secure your stake in the future of South Pasadena’s prestigious hillside community. Embrace the chance to build something remarkable in one of South Pasadena's most desirable locations. Your vision awaits – make it a reality.

Condition Rating
Tear down

The property, built in 1926, is explicitly described as a 'unique development opportunity' where the 'existing tiny home is likely a tear down, presenting a fresh start for new construction.' The exterior images confirm the dilapidated state of the structure, with peeling paint, broken windows, and general disrepair, indicating it is unlivable and beyond repair. The value is clearly in the land for redevelopment, aligning perfectly with the 'Tear-down' criteria.
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 = 19118, living area = 444.
Exceptional Development Potential: Explicitly marketed as a 'Unique Development Opportunity' for luxurious single-family or multi-unit projects, offering a blank canvas for new construction.
Prime South Pasadena Location: Situated in the 'coveted South West Hills' of South Pasadena, known for its vibrant community, excellent schools, and proximity to amenities.
Panoramic Westward Views: Offers 'breathtaking westward views' including City Lights, Hills, and Mountains, a highly desirable feature for luxury development.
Expansive & Utility-Ready Lot: One of the 'largest remaining' lots (19,118 sqft) in the area, and 'utility-ready,' significantly simplifying the initial development phase.
Highly Rated School District: Located within the 'South Pasadena' high school district, a major draw for families and a factor increasing property value and demand for new developments.

Cons

Existing Structure Requires Demolition: The current 'tiny home is likely a tear down,' necessitating immediate demolition costs and time before any new construction can begin.
Substantial Development Investment Required: The property is a land-only play at a high price point ($1.2M), requiring significant additional capital for design, permits, and construction of a new structure.
Potential Hillside Construction Complexities: While offering views, building on a hillside can involve increased costs and complexities related to grading, foundation engineering, and retaining walls.

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