Located in the center of the Historic Highlands of Pasadena among dozens of lovely homes & friendly neighbors. This amazing property offers a fantastic opportunity for either the future owner or an investor to create a masterpiece!Sited on a 13,878 Sq Ft lot with three permitted structures. An original cottage (or guest house) of 357 Sq Ft sits at the rear of the lot - built in the 1930's. It has a full bath, small kitchen and one main room. Between the guest house and main house is a large flat yard with plenty of room for a pool, outdoor kitchen and entertaining area. The detached 2-car garage has an attached & fully permitted 2-room shop with an additional permitted 396 sq ft.The main house sits at the front of the lot with 1,806 Sq Ft of living space and a full-sized attic with high ceilings just waiting to be a second story addition! This home is ready for an update and your finishing touches.Close-by is JPL, Cal Tech, Old Town Pasadena, Huntington Library...with all the charm, shops, restaurants and historical points of interest that only Pasadena can offer. From this property you have a great commute to downtown LA, the studios, hiking/biking/skiing in the local mountains & the ocean just about an hour to the west!