559 E Marigold St, Altadena, California 91001, Altadena, 91001 - bed, bath

559 E Marigold St, Altadena, California 91001 home-pic-0
ACTIVE$659,000
559 E Marigold St, Altadena, California 91001
0Bed
0Bath
Sqft
10,050Lot
Year Built
1947
Close
-
List price
$659K
Original List price
$659K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22933
Home ConditionTear down
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $659.0K(11th), sqft - 0(7th), beds - undefined(12th), baths - undefined(12th).

Set on a large, lush corner lot at the end of a quiet street, 559 E Marigold offers privacy, greenery, and glimpses of the San Gabriel Mountains. The adjacent lot is also for sale, creating the potential for a combined total of 18,380 square feet with a shared driveway entrance. The backyard feels expansive and unexpected. Multiple fruit trees, raised garden beds, and mountain views combine to create a space that feels both generous and peaceful. Located just minutes from Farnsworth Park, the shops and restaurants in Mariposa Village, and popular hiking trails, the setting balances a sense of seclusion with easy access. This offering presents a rare opportunity to build with scale, privacy, and vision in one of Altadena's most beloved neighborhoods. This was once the site of a 2 bed, 2 bath home (2 bed, 1 bath per the assessor) with 1,247 square feet of living space on a 10,050 square foot lot. With Phase 2 debris removal complete, the site is cleared and ready for its next chapter. Currently, Altadena Community Standards allow for a gross structural area of up to 3,434 square feet. This limit does not include an additional allocation for a garage or ADU. The property is being sold as land only.

Condition Rating
Tear down

The property is explicitly being sold as 'land only.' The previous structure, built in 1947, has been demolished, and the site is cleared. There is no existing home, kitchen, or bathrooms to assess. The property is unlivable in its current state because there is no dwelling, and its value is based solely on the land and its potential for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Exceptional Development Potential: Cleared 10,050 sq ft lot ready for new construction, allowing for a substantial 3,434 sq ft main residence plus additional garage/ADU per Altadena Community Standards.
Prime & Private Location: Situated on a large, lush corner lot at the end of a quiet street, offering privacy and seclusion while being minutes from local amenities, parks, and hiking trails.
Scenic Mountain Views & Lush Surroundings: Features glimpses of the San Gabriel Mountains, an expansive backyard with fruit trees and raised garden beds, enhancing the property's aesthetic appeal.
Opportunity for Expanded Estate: The adjacent lot is also available for purchase, presenting a rare chance to combine properties for a total of 18,380 sq ft, ideal for a grander vision.
Desirable Altadena Neighborhood: Located in one of Altadena's beloved neighborhoods, known for its balance of tranquility and convenient access to community resources.

Cons

Land Only Sale: The property is sold as land only, requiring a complete new construction project, which entails significant capital investment and a lengthy building timeline.
Full Construction Required: Buyers must undertake the entire process of designing, permitting, and building a new home from the ground up, which can be complex and time-consuming.
Upfront Investment & Holding Costs: The absence of an existing structure means immediate utility and living expenses are not offset by occupancy, and the buyer will incur holding costs during the construction phase.

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