This 3-bed, 1-bath, 1,665 sqft home on a 10K sqft lot in Pasadena is listed at $775K, sitting well below the neighborhood’s median sold price of $1.25M. Nearby comps with similar size and bed counts are selling between $947K and $1.14M, with updated 3/2 properties fetching well over $1M. The house is in original condition, which means it’s ripe for value-add renovations. The current tenant lease (assisted living, runs through Sept 2026 at $3,933/month) limits immediate resale, but provides stable income in the meantime.
For flippers, there’s solid upside if you can wait out the lease—renovating to add a second bath would put this home in line with $1.1M+ comps. If you’re a homeowner considering a sale, focus on curb appeal and basic updates to attract buyers who want a project. Be mindful: the tenant situation and only one bath could slow your timeline, but the lot size also presents ADU or expansion potential.