Incredible development potential seldom seen in South Pasadena! This RARE single family home and huge gently sloping lot is a blank canvas waiting for a visionary new owner. This is a fixer upper with boundless potential and immediate upside! Some demo has been done and the house needs to be rebuilt. Perfect developer opportunity. Surrounded by homes selling for $2,000,000 to $3,000,000!
Enormous gently sloping 10,441 square foot lot spanning an entire city block from Diamond Avenue all the way to Meridian Avenue! There is room for anything from a huge pool to the maximum sized ADU plus plenty of room left over for impressive grounds and gardens! There is a truly huge separate garage structure at the rear with its own street entrance from Meridian Avenue. Check with the city on ADU conversion.
The location is impeccable – literally just steps to South Pasadena High School. This may be the last large lot with boundless development opportunity on Diamond Avenue by South Pasadena High School. Don’t miss out – because once it’s gone there will never be another property of this scale at this price.
Sold for $1,305,000
Listed by: South Pasadena Homes • Derek Vaughan • Contact: 626-437-6800
Bought with: Engel & Voelkers Pasadena
Tax assessed value
$1,305,000
1555 Diamond Ave, South Pasadena, CA 91030
2beds
1,054sqft
Single Family Residence
Built in 1911
10,441 Square Feet Lot
$1,833,400 Zestimate®
$1,238/sqft
$3,792 Estimated rent
Home value
$1,833,400
$1.56M - $2.18M
$3,792/mo
Zestimate® history
Owner options
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$3,792/mo
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$3,792/mo
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$8,384/mo
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$8,384/mo
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Zillow last checked:
Listing updated:
Listed by:
Derek Vaughan DRE #02028279 626-437-6800,
South Pasadena Homes
Bought with:
Alan Black, DRE #00947235
Engel & Voelkers Pasadena
Source: CRMLS,MLS#: PF24203258
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Basement, Great Room, Kitchen, Living Room, Other, Workshop
Bedroom
- Features: Bedroom on Main Level
Heating
- None
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup, In Kitchen
Features
- Beamed Ceilings, Built-in Features, Bedroom on Main Level, Workshop
- Flooring: Wood
- Has basement: Yes
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,054 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 10,441 Square Feet
- Features: Rectangular Lot, Trees, Yard
Details
- Additional structures: Outbuilding
- Parcel number: 5319031006
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Craftsman
- Property subtype: Single Family Residence
Materials
- Shingle Siding
Condition
- Repairs Major,Under Construction
- New construction: No
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Street Lights
Location
- Region: South Pasadena
Financial & listing details
- Price per square foot: $1,238/sqft
- Tax assessed value: $1,305,000
- Annual tax amount: $15,329
- Date on market: 10/2/2024
- Cumulative days on market: 16 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2025 | Listing removed | $3,950$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/20/2025 | Listed for rent | $3,950$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/26/2024 | Sold | $1,305,000+37.5%$1,238/sqft |
Source:  CRMLS #PF24203258 Report a problem | ||
| 10/18/2024 | Pending sale | $949,000$900/sqft |
Source: CRMLS #PF24203258 Report a problem | ||
| 10/2/2024 | Listed for sale | $949,000$900/sqft |
Source: CRMLS #PF24203258 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,329 -9.2% | $1,305,000 -5.2% |
| 2024 | $16,880 +813.1% | $1,377,000 +1580.5% |
| 2023 | $1,849 +2.2% | $81,939 +2% |
| 2022 | $1,809 +2.2% | $80,334 +2% |
| 2021 | $1,769 +1.6% | $78,759 +1% |
| 2020 | $1,741 | $77,953 +2% |
| 2019 | $1,741 +4.8% | $76,425 +2% |
| 2018 | $1,661 | $74,928 +2% |
| 2017 | $1,661 +1.7% | $73,460 +2% |
| 2016 | $1,634 +4.7% | $72,020 +1.5% |
| 2015 | $1,561 +1.6% | $70,940 +2% |
| 2014 | $1,536 | $69,551 +2.5% |
| 2012 | -- | $67,881 +2% |
| 2011 | -- | $66,551 +0.8% |
| 2010 | -- | $66,054 -0.2% |
| 2009 | -- | $66,212 +2% |
| 2008 | -- | $64,915 +2% |
| 2007 | -- | $63,643 +2% |
| 2006 | -- | $62,396 |
| 2005 | -- | $62,396 +4% |
| 2004 | -- | $59,974 +1.9% |
| 2003 | -- | $58,876 +2% |
| 2002 | -- | $57,723 +4% |
| 2000 | -- | $55,484 |
Find assessor info on the county website
Neighborhood: 91030
Nearby homes
- $2,906,0003 bd3 ba2.9k sqft1551 Diamond Ave, South Pasadena, CA 91030Off Market
- $2,035,0003 bd1 ba1.6k sqft1559 Diamond Ave, South Pasadena, CA 91030Sold
- $3,032,0004 bd3 ba2.9k sqft1547 Diamond Ave, South Pasadena, CA 91030Off Market
- $2,409,0006 bd5 ba2.6k sqft1563 Diamond Ave, South Pasadena, CA 91030Off Market
- $1,100,0002 bd2 ba1.1k sqft1636 Meridian Ave, South Pasadena, CA 91030Sold
- $1,783,8002 bd2 ba1.5k sqft1543 Diamond Ave, South Pasadena, CA 91030Off Market
- $2,450,7004 bd2 ba2.2k sqft1150 Oak St, South Pasadena, CA 91030Off Market
- $1,479,6002 bd1 ba1.1k sqft1138 Oak St, South Pasadena, CA 91030Off Market
Nearby schools
GreatSchools rating
- 9/10Arroyo Vista Elementary SchoolGrades: K-5Distance: 0.8 mi
- 10/10South Pasadena Middle SchoolGrades: 6-8Distance: 0.4 mi
- 10/10South Pasadena Senior High SchoolGrades: 9-12Distance: 0.2 mi
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Estimated market value
$1,833,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,833,400
- California
- Los Angeles County
- South Pasadena
- 91030
- 1555 Diamond Ave
Nearby cities
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