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376 S Hill Avenue, Pasadena, California 91106, Pasadena, 91106 - 6 bed, 6 bath

376 S Hill Avenue, Pasadena, California 91106 home-pic-0
ACTIVE$4,000,500
376 S Hill Avenue, Pasadena, California 91106
6Beds
6Baths
3,860Sqft
9,347Lot
Year Built
2024
Close
-
List price
$4M
Original List price
$4M
Price/Sqft
$1,036
HOA
-
Days on market
-
Sold On
-
MLS number
PT24226622
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Landmark, Neighborhood, Trees/Woods
ViewPark/Greenbelt, Landmark, Neighborhood, Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $4.00M(75th), sqft - 3860(75th), beds - 6(75th), baths - 6(75th).

The property at 376 S. Hill Ave is located in the Marceline neighborhood which is known for its proximity to the California Institute of Technoloy (Caltech) and features a mix of historic homes and tree-line streets. The zoning is PS4R. The California Style of Architecture was designed by visionary architects, Reginald Johnson, Gordon Kaufman and Roland Coate. They designed this early California Rancho on a 9,400 square foot lot on the CalTech/Huntington Library area of Pasadena. The city of Pasadena has approved the plans to add an additional 3 bedrooms and 3 full bathrooms plus a 2 bedroom in back of the property. The permits added more square footage and rooms and bathrooms. The whole house has been remodeled and new AC/HVAC system and Sauna will be by Thanksgiving 2024.

Condition Rating
Excellent
This property is listed with a 'Year Built' of 2024 and explicitly states 'The whole house has been remodeled' with a 'new AC/HVAC system and Sauna' to be completed by Thanksgiving 2024. The provided image showcases a modern, fully updated kitchen with new stainless steel appliances, contemporary cabinetry, recessed lighting, and new flooring. All these factors indicate a virtually new home with current quality standards and no deferred maintenance, perfectly aligning with the 'Excellent' condition criteria.
Pros & Cons

Pros

Premier Location: Situated in the highly desirable Marceline neighborhood, offering proximity to Caltech, Huntington Library, and charming tree-lined streets.
Extensive Modernization & New Construction: A 2024 build year combined with a 'whole house remodeled' description and new AC/HVAC/Sauna indicates a virtually new home with contemporary systems and finishes.
Significant Income Potential & Flexibility: Designated as a 'Residential Income' duplex with city-approved plans for substantial additional bedrooms and bathrooms, offering diverse multi-unit or multi-generational living opportunities.
Architectural Pedigree: Designed in the esteemed California Style by renowned architects, providing unique character and a blend of historic design with modern execution.
Generous Scale & Premium Amenities: Boasts 6 bedrooms, 6 bathrooms, 3860 sqft of living space on a 9347 sqft lot, complemented by high-end features like a new AC/HVAC system and a sauna.

Cons

Premium Price Point: The list price exceeding $4 million positions it in a luxury market segment, potentially limiting the pool of prospective buyers.
Pending Feature Completion: The description notes that the new AC/HVAC system and sauna were slated for completion by Thanksgiving 2024, implying they might not have been fully operational at the time of listing, which could impact immediate move-in readiness.
Management Complexity for Income Property: As a duplex with significant expansion potential, it requires a buyer comfortable with the responsibilities and complexities associated with managing an income-generating property.

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