Seeking Buyer: 1920's English Revival Estate is in Danger
The greatest threat to PreWar homes is when they change hands. While I fully understand how a new homeowner will seek to make the home their own, we must also understand that the original details of classic architecture are what make it special and valuable.
1931 San Pasqual St in Pasadena is one of those homes and it goes on the auction block this Saturday.
Built in 1928, this 5 bedroom, 3 bathroom home was undoubtedly a prominent home in its day and remains mostly original. There is a record of some electrical updates and chimney work. Has a modern HVAC system, 200AMP panel, original hardwood floors, and casement windows. A third story addition was added at some point without permits, which the new owners will need to address.
This video walk-through shows a lot of the details of the home and its current condition.
Buying a home in probate auction is not for the faint of heart. There is no inspection contingency and the buyer will need to present checks for $25,000 + 10% of the final auction price at the time of the auction.
Listed at $1.499M, the final sale price is sure to go over that. But when restored the house would be well over that price.
The home lies just to the east of CalTech and is located within a proposed Landmark District which bodes well for the neighborhood when it comes to fruition, in the meantime, homes like this could be forever stripped of their charm and character.
Those interested in this property are encouraged to move quickly. You will need to register for the auction before it takes place on Saturday, February 6th at 9am on site.
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Michael Robleto is a Los Angeles based REALTOR® that specializes in Historic Pre-War residential properties and those with architectural merit in Pasadena, Los Feliz, Silverlake, Eagle Rock, and Mount Washington. Michael uses his vast knowledge of historic homes, residential construction, and modern-day marketing to predict and solve the many problems that arise in real estate transactions. His client accolades of insight, prompt communication, integrity, and hard work support the fact that he is not your average agent.
Michael leverages his personal passion for historic architecture to provide his clients with the unknown insight into the pros and cons of older homes. Michael, the son of a contractor, a California native, grew up in an older Bungalow home and has spent 23 years in Southern California admiring the unique architecture of the region. Michael brings 20+ years of negotiation and sales experience to his seven-year career in residential real estate. He often writes on homeownership strategy, historic residential architecture, and related topics that can be found on Facebook, YouTube, Twitter, and Instagram under the common profile name of his blog; BungalowAgent.
Michael sits on the Board of Directors of Pasadena Heritage and is frequent volunteer for the preservation efforts of the LA Conservancy and multiple historical neighborhood associations. When not working you can find Michael on hiking trails statewide with his faithful German Shepherd Axel.