1995 Paloma Street, Pasadena, California 91104, Pasadena, 91104 - 3 bed, 2 bath

1995 Paloma Street, Pasadena, California 91104 home-pic-0
ACTIVE$1,200,000
1995 Paloma Street, Pasadena, California 91104
3Beds
2Baths
1,623Sqft
10,560Lot
Year Built
1923
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$739
HOA
-
Days on market
-
Sold On
-
MLS number
P1-25154
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(32th), sqft - 1623(57th), beds - 3(50th), baths - 2(50th).

If you value charm and potential - this property offers it all! Nestled on one of the most iconic Pasadena streets, lined with beautiful Jacaranda trees and vintage multi-million dollar character homes, 1995 Paloma Street is an opportunity you don't want to miss. While most of the homes in the neighborhood have been lovingly maintained and remodeled, this property stands out for its generous lot size offering a rare expanse of land that creates tremendous upside potential for renovation and expansion. The home's NE Pasadena location is ideal - just blocks from the growing enclave of independent shops and restaurants in East Washington Village, the open green spaces at Victory Park, the Saturday Farmers' Market, convenient shopping in Hastings Ranch, the neighborhood Metro stop, Alice's Dog Park, the Roseway bike path, and the annual Rose Parade.The property has been home to the same family for over 52 years, and it is now time to hand it off to a new buyer who is ready to reimagine the property and bring it to its full potential. Its original condition is part of its appeal, especially for buyers or investors seeking a blank canvas. With a 3 bedroom/2 bath floor plan, the home provides a solid foundation that could be reimagined into a contemporary family home or a restored classic bungalow. The quarter acre lot, long driveway, detached garage, and alley access means that plans for expansion, whether adding square footage, outdoor amenities, or even an ADU, could make this property a rare value in the neighborhood.At the front of the home, a welcoming living room with its classic fireplace sets the tone, but it's the expansive great room at the back of the home that truly defines the property. Designed with a distinctly mid-century sensibility, this warm, wood-wrapped space features vaulted ceilings, a dramatic floor-to-ceiling brick fireplace & elevated hearth, and large north-facing windows that invite in a steady, gentle light throughout the day. The open layout seamlessly blends the kitchen, dining area, and family room, creating a fabulous space for everyday living and entertaining with your friends and family. Glass doors spill out to a patio, which overlooks the rear yard and its this indoor-outdoor connection that beautifully anchors the heart of the home.This home is truly a rare offering so don't miss this opportunity to make it 'Where Your Home Happens.'

Price History

Date
Event
Price
12/10/25
Listing
$1,200,000
Condition Rating
Poor

Built in 1923, this property is explicitly described as being in 'original condition' and requiring 'extensive renovation.' The images confirm this, showcasing a kitchen with very dated wood cabinets, old appliances, and patterned linoleum flooring, consistent with a mid-century style that has not been updated in over 50 years. The bathroom features highly specific and outdated maroon tiles and fixtures. The property's systems (electrical, plumbing, HVAC) are likely original or very old, necessitating 'substantial repairs, replacements, or upgrades' as noted in the listing's weaknesses. While it has a 'solid foundation' and potential, its current state requires significant rehabilitation to address major outdated components and make it comfortable for modern living, aligning with the 'poor' condition 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 = 10560, living area = 1623.
Prime Location & Neighborhood Charm: Nestled on an iconic Pasadena street with Jacaranda trees and vintage multi-million dollar homes, offering an ideal NE Pasadena location close to East Washington Village shops, Victory Park, Farmers' Market, Hastings Ranch, Metro, and bike paths.
Significant Expansion Potential: A generous quarter-acre lot with a long driveway, detached garage, and alley access provides tremendous upside potential for adding square footage, outdoor amenities, or an Accessory Dwelling Unit (ADU).
Blank Canvas for Renovation: Offered in its original condition after 52 years of single-family ownership, presenting a unique opportunity for buyers or investors to reimagine and customize the property to their exact specifications.
Distinctive Great Room: Features an expansive, mid-century inspired great room with vaulted ceilings, a dramatic floor-to-ceiling brick fireplace, and large north-facing windows, creating a fabulous space for living and entertaining with an indoor-outdoor connection.
Investment Upside: The combination of a large lot, desirable location, and original condition provides substantial upside potential for value appreciation through thoughtful renovation and expansion in a highly sought-after neighborhood.

Cons

Extensive Renovation Required: The property is in 'original condition' and will require significant investment, time, and effort to update to modern standards, which may be a substantial undertaking for potential buyers.
Age-Related Maintenance & Systems: Built in 1923, the home likely has outdated systems (e.g., electrical, plumbing, HVAC) and may require substantial repairs, replacements, or upgrades, adding to the overall renovation costs.
Not Move-In Ready: The need to 'reimagine' and bring the property to its 'full potential' indicates it is not a turn-key home, limiting the buyer pool to those willing and able to undertake a major renovation project.

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