Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

823 N Orange Grove Boulevard

Pasadena, CA, 91103

1 / 15View all 15 photos

$2,000,000

MLS: CV26003806

Beds

2

Baths

2

Sq Ft

1,228

Lot

0.32 ac

Year Built

1923

MLS #

CV26003806

Days on Market

90

Listed

Jan 7, 2026

Description

DEVELOPEMENT-READY INFILL SITE IN PASADENA. Located along North Orange Grove Blvd within the City of Pasadena's Fair Oaks / Orange Grove Specific Plan, this property presents a rare opportunity to acquire a centrally located infill parcel with strong residential development potential. The site consists of approximately 13,892 square feet of usable land, positioned in a well-established residential corridor with proximity to Old Town Pasadena, the Rose Bowl, major employment centers and regional transit routes. The parcel is suited for a small-scale multi-family or residential infill project, subject to City approvals and final design review. PROPERTY HIGHLIGHTS: Lot Area +/-13,892 SF Zoning / Plan Area: Fair Oaks / Orange Grove Specific Plan (FOOG). Development Potential: Preliminary Analysis supports up to - 10 residential units (buyer to verify). Topography: Generally usable infill parcel. Utilities: All utilities available in street. Access: Direct frontage along N Orange Grove Blvd. DEVELOPMENT OVERVIEW: The Fair Oaks / Orange Grove Specific Plan encourages well-designed residential infill that complements the surrounding neighborhood while increasing housing supply in a high-demand Pasadena submarket. Based on lot size and plan guidelines, the site may support a low- to mid-density residential project, offering an attractive balance of unit yield, manageable construction scale and long term investment value.

Location

Pasadena, Los Angeles County, CA 91103

Open on Google Maps ↗

Listed by: Nicholas Abbadessa · RE/MAX MASTERS REALTY

Payment estimate

$14,193

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $200,000 · Loan: $1,800,000

%
Principal & Interest
$11,060
Property tax (1.25%)
$2,083
Homeowners insurance
$300
Mortgage insurance
$750
Open the full calculator →

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 Pasadena home with as little as 3.5% down using an FHA loan — roughly $70,000 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 Pasadena, CA 91103 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.

Request access

Property Comparison

Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.

Request access

Drive Time Calculator

Check commute times from this address to work, school, or anywhere else before you commit.

Request access

Buyer Cost Sheet

Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.

Request access