1836 Peterson Avenue
South Pasadena, CA, 91030
$1,725,000
MLS: PF26053732
Beds
3
Baths
2
Sq Ft
2,651
Lot
0.21 ac
Year Built
1953
MLS #
PF26053732
Days on Market
32
Listed
Mar 16, 2026
Description
Seller is offering a 2-1 mortgage rate buy down or a $100K seller second mortgage. Perched gracefully in the picturesque hills of South Pasadena, this private sanctuary exudes both elegance and versatility, nestled within a coveted 10/10 top-rated school district. This thoughtfully designed 3-bedroom, 2-bath residence spans 2,651 sq ft on a generous 9,060 sq ft lot, complemented by a bonus room adaptable as a fourth bedroom, home office, or creative studio. Fully remodeled in 2013, the home has been recently refreshed with pristine new flooring and freshly painted interiors, offering a seamless blend of modern comfort and timeless style. Every floor of this distinctive home features its own entrance, living room, and deck, creating versatile spaces for entertaining and relaxation. This rare layout also presents the opportunity to transform the residence into two separate living quarters—perfect for multi-generational living & dynamic layout or the potential to live in one unit while leasing the other. This Mediterranean-inspired charm home harmoniously merges classical design with contemporary elegance, creating an atmosphere of warmth, comfort, and Zen-like serenity. Each bedroom offers sweeping scenic vistas, where the gentle chorus of birdsong accompanies the start of each day. Terraced steps enhance both privacy and tranquility, crafting a serene hillside retreat unlike any other. The expansive backyard porch, an extraordinary feature in this hillside setting, invites a lifestyle of recreation and leisure, offering ample space for tennis, basketball, or imaginative outdoor living. Picture the possibilities: a pool, sunhouse, or even a treehouse, all framed by nature’s beauty. Set across two lots, the property provides remarkable development potential, with room for up to four homes (buyer to verify), making it a truly one-of-a-kind opportunity in one of South Pasadena’s most prestigious enclaves. This is more than a home—it’s a rare canvas for elevated living, creativity, and serenity.
Location
South Pasadena, Los Angeles County, CA 91030
Open on Google Maps ↗Listed by: Allison Shih · Redfin Corporation
Payment estimate
$12,283
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $172,500 · Loan: $1,552,500
- Principal & Interest
- $9,539
- Property tax (1.25%)
- $1,797
- Homeowners insurance
- $300
- Mortgage insurance
- $647
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this South Pasadena home with as little as 3.5% down using an FHA loan — roughly $60,375 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See South Pasadena, CA 91030 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.