If you value charm and potential - this property offers it all! Nestled on one of the most iconic Pasadena streets, lined with beautiful Jacaranda trees and vintage multi-million dollar character homes, 1995 Paloma Street is an opportunity you don't want to miss. While most of the homes in the neighborhood have been lovingly maintained and remodeled, this property stands out for its generous lot size offering a rare expanse of land that creates tremendous upside potential for renovation and expansion. The home's NE Pasadena location is ideal - just blocks from the growing enclave of independent shops and restaurants in East Washington Village, the open green spaces at Victory Park, the Saturday Farmers' Market, convenient shopping in Hastings Ranch, the neighborhood Metro stop, Alice's Dog Park, the Roseway bike path, and the annual Rose Parade.The property has been home to the same family for over 52 years, and it is now time to hand it off to a new buyer who is ready to reimagine the property and bring it to its full potential. Its original condition is part of its appeal, especially for buyers or investors seeking a blank canvas. With a 3 bedroom/2 bath floor plan, the home provides a solid foundation that could be reimagined into a contemporary family home or a restored classic bungalow. The quarter acre lot, long driveway, detached garage, and alley access means that plans for expansion, whether adding square footage, outdoor amenities, or even an ADU, could make this property a rare value in the neighborhood.At the front of the home, a welcoming living room with its classic fireplace sets the tone, but it's the expansive great room at the back of the home that truly defines the property. Designed with a distinctly mid-century sensibility, this warm, wood-wrapped space features vaulted ceilings, a dramatic floor-to-ceiling brick fireplace & elevated hearth, and large north-facing windows that invite in a steady, gentle light throughout the day. The open layout seamlessly blends the kitchen, dining area, and family room, creating a fabulous space for everyday living and entertaining with your friends and family. Glass doors spill out to a patio, which overlooks the rear yard and its this indoor-outdoor connection that beautifully anchors the heart of the home.This home is truly a rare offering so don't miss this opportunity to make it 'Where Your Home Happens.'