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1615 Fletcher Ave
South Pasadena, CA

1615 Fletcher Ave

2.0M
2 bd • 2 ba • 1,235 sf

This analysis was generated by artificial intelligence on 2/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$1,998,000

Price/Sq.Ft

$1,618

Year Built

1919

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Open-concept living room, dining room, and expansive kitchen create a desirable and functional living space. • The kitchen's custom cabinetry, Thermador appliances, and granite countertops are high-end features that appeal to discerning buyers. • The large lot size (7,750 square feet) offers potential for an addition or ADU, increasing the property's value. • The upgraded systems, including copper plumbing, electrical systems, tankless water heater, and Fujitsu heating/cooling system, provide modern comfort and efficiency. • Large lot size allows for potential ADU or expansion, increasing property value • Strong school district (Marengo Elementary, South Pasadena Middle, South Pasadena Senior High) attracts families and maintains property values • Desirable Garfield Park neighborhood known for its charm and community feel • School Quality: Excellent schools (Marengo Elementary, South Pasadena Middle, South Pasadena Senior High) likely add a 10-15% premium to property value. • Our valuation suggests this property could be worth up to $102,000 more than the asking price • Rental Potential: $32,040 estimated annual revenue

The Bad

• Consider adding a second bathroom to increase the property's appeal and functionality. (Estimated Cost: $5,000) • Explore the possibility of adding an ADU to maximize the property's potential and generate rental income. (Estimated Cost: $10,000) • Relatively high price per square foot ($1617.81) may limit buyer pool • Air quality risk is major (6/10) with 10 bad air days per year • Property crime rate is slightly higher than the national average

The Ugly

• The listing history indicates a significant price increase (77.6%) since January 2022, which may warrant further investigation to understand the rationale behind the increase. • The property has only 2 bedrooms, which may limit its appeal to larger families or those seeking more living space. This could impact the property's value compared to similar homes with more bedrooms.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $32,040 with 99% occupancy rate Value Investors: Projected 17.6% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $15,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$115,088

Property History

Price History
Ownership Timeline
$0Cash Purchase
May 28, 2022
Derryk Ly, Anita RedDerryk Ly, Anita Dawn Red
Intrafamily Transfer
Non-Arm's Length Transactions
$1,125,000Cash Purchase
Dec 17, 2021
Arthur Endre Turay, Estate Of Michael TurayDerryk Ly, Anita Red
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Dec 17, 2021
Michael Turay, Blanche TurayMichael Turay
Affidavit Of Death
Non-Arm's Length Transactions

Property Taxes

$14,518
2024 Tax Assessment
2.2%from previous year
Assessed Value$1,170,450
Tax Rate1.24%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 91030. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$1,725,000
$893/sqft
8.3%
Change from last month
Your price: $2.0M (+16%)
Your price/sqft: $1,618/sqft (+81%)
35
7 sold last month
30.0%
Change from last month
41 days
Average for homes in this area
58.9%
Change from last month
This property: 30 days (-27%)

Sale Price Distribution

Last month
1
Over Asking
homes
1
At Asking
homes
5
Under Asking
homes
Total: 7 homes sold

If you're buying a home in 91030, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Sale Time Distribution

Last month
2
Under 30 Days
homes
5
30-90 Days
homes
Your property
0
Over 90 Days
homes
Total: 7 homes sold

Avg time on Rocket Homes in 91030 has remained consistent over time.

Risk Assessment

Climate Risks

airMAJOR

10 bad air quality days per year

heatMAJOR

7 extreme heat days per year

98th percentile: 97°F

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Safety Analysis

67/100
Good

Based on data from South Pasadena Police Department

Total Crime Rate
756.0
per 100,000 residents
Violent Crime Rate
160.5
per 100,000 residents
Property Crime Rate
592.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
165
Property Crimes
475
2023
Violent Crimes
156
5.5%
Property Crimes
716
50.7%

Risk Analysis

• Relatively high price per square foot ($1617.81) may limit buyer pool • Air quality risk is major (6/10) with 10 bad air days per year • Property crime rate is slightly higher than the national average • Climate & Insurance: Potential costs for air filtration systems and enhanced cooling solutions to address air quality and heat risks. • The listing history indicates a significant price increase (77.6%) since January 2022, which may warrant further investigation to understand the rationale behind the increase. • The property has only 2 bedrooms, which may limit its appeal to larger families or those seeking more living space. This could impact the property's value compared to similar homes with more bedrooms.
Insurance
Annual Cost

$7,193

$599 per month

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Schools

Marengo Elementary School

PublicGrades K-5
9/5
Elementary
0.3 mi
Get more information on GreatSchools

South Pasadena Middle School

PublicGrades 6-8
9/5
Middle
0.4 mi
Get more information on GreatSchools

South Pasadena Senior High School

PublicGrades 9-12
10/5
High
0.7 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (2 bed)

$2,670

Get a detailed estimate on Zillow®
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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,998,000
Price/sqft
$1,618
Layout
2 bd2 ba
Days on market
30 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$1,158,917

72.4%

Your price is 72.4% above average

Median Price

$1,305,000

53.1%

Based on 6 recent sales

Price per Sq.Ft

$965

67.6%

Your price is 67.6% above average $/sqft

Comparable Properties

2031 Crestlake Avenue, South Pasadena, CA 91030
Price: $1,609,500
Sq.Ft: 1,304
Beds/Baths: 3/2
$/Sq.Ft:
$1,23423.7%
Sale Date: 10/4/2024
1555 Diamond Avenue, South Pasadena, CA 91030
Price: $1,305,000
Sq.Ft: 1,054
Beds/Baths: 2/2
$/Sq.Ft:
$1,23823.5%
Sale Date: 10/2/2024
1857 Diamond Avenue, South Pasadena, CA 91030
Price: $755,000
Sq.Ft: 1,131
Beds/Baths: 2/2
$/Sq.Ft:
$66858.7%
Sale Date: 9/5/2024
342 N Atlantic Boulevard, Alhambra, CA 91801
Price: $818,000
Sq.Ft: 1,026
Beds/Baths: 2/2
$/Sq.Ft:
$79750.7%
Sale Date: 9/13/2024
909 Magnolia Street, South Pasadena, CA 91030
Price: $1,715,000
Sq.Ft: 1,292
Beds/Baths: 2/1
$/Sq.Ft:
$1,32718.0%
Sale Date: 11/23/2024
31 N 2nd Street #B, Alhambra, CA 91801
Price: $751,000
Sq.Ft: 1,434
Beds/Baths: 3/3
$/Sq.Ft:
$52467.6%
Sale Date: 12/10/2024

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