Exceptional opportunity to own a versatile income property in one of Pasadena's most desirable neighborhoods. This beautifully maintained 1924 Craftsman sits on a spacious 7,984 sq. ft. lot and offers multiple rental streams or multi-generational living options, blending timeless character with modern adaptability.The main residence currently features 3 bedrooms and 2 bathrooms, showcasing classic Craftsman details, warm interiors, and thoughtful updates. There's excellent potential to reconfigure the main house into a 2-bedroom, 1-bathroom unit and convert a portion of the existing structure into a 499 sq. ft. Junior ADU (JADU) with its own kitchen and laundry area. All plumbing is already in place, making the conversion more efficient and cost-effective.In addition, a newly constructed 2-bedroom, 1-bathroom ADU (749 sq. ft.) is located at the rear of the property. It features its own kitchen, living room, separate utility meters, and solar panelsideal for generating rental income, housing extended family, or offering private guest accommodations.Enjoy scenic mountain views, beautiful tree-lined streets, and close proximity to some of Pasadena's finest attractions, including the Rose Bowl, Huntington Library, and Norton Simon Museum. Excellent schools, restaurants, and shops are all nearby, creating the perfect balance of city access and residential serenity.With fresh landscaping and significant rental potential, this move-in-ready property presents a rare opportunity to own a piece of Pasadena history while maximizing income and flexibility for the futur
For sale
Price cut: $54K (8/7)
$1,695,000
1561 E Elizabeth St, Pasadena, CA 91104
5beds
3baths
--sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$1,680,500 Zestimate®
$--/sqft
$-- HOA
What's special
Classic craftsman detailsThoughtful updatesWarm interiorsBeautiful tree-lined streetsFresh landscapingScenic mountain views
- 61 days
- on Zillow |
- 339 |
- 22 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 06:11am
Listed by:
Lena Jemelian DRE # 01906176 310-951-7308,
Compass 310-230-5744
Source: CLAW,MLS#: 25550085

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Central, Other
Cooling
- Air Conditioning, Central Air, Other
Appliances
- Included: Freezer, Refrigerator, Range/Oven
Property
Parking
- Total spaces: 8
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,986 Square Feet
Details
- Additional structures: Guest House
- Special conditions: Standard
- Other equipment: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & HOA
Location
- Region: Pasadena
Financial & listing details
- Date on market: 6/9/2025
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