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111 S De Lacey Avenue 317, Pasadena, California 91103, Pasadena, 91103 - 2 bed, 3 bath

111 S De Lacey Avenue 317, Pasadena, California 91103 home-pic-0
ACTIVE$829,000
111 S De Lacey Avenue 317, Pasadena, California 91103
2Beds
3Baths
1,266Sqft
Lot
Year Built
2007
Close
-
List price
$829K
Original List price
$899K
Price/Sqft
$655
HOA
$856
Days on market
-
Sold On
-
MLS number
P1-24450
Home ConditionFair
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $829.0K(54th), sqft - 1266(38th), beds - 2(50th), baths - 3(62th).

Rare Value-Add Opportunity in Old Town Pasadena!Priced to sell and positioned for significant immediate equity growth, this spacious 1,266 sq ft condo is your ideal blank canvas in the heart of Old Town Pasadena. Enjoy the unparalleled convenience of De Lacey Ave living--just steps from world-class dining, shopping, and entertainment.Investor & Owner-Occupier Special: Set at an aggressive $655 per square foot, this property is priced well below the market value of comparable updated units (often fetching $740+/sq ft). This strategic price point offers the savvy buyer built-in renovation equity from day one!- Unbeatable Walkability to all of the world-class dining, shopping, entertainment, and local favorites.- Low Price, High Upside: The value is undeniable. With 1266 Sq.Ft. (Taped) generous living space.-Bring your vision, execute your dream remodel (flooring, kitchen, baths), and realize instant appreciation.Do not miss this opportunity to secure a spacious unit in an unbeatable location at an unrepeatable price. This will not last!

Price History

Date
Event
Price
12/08/25
Price Change
$829,000-3.5%
11/05/25
Price Change
$859,000-4.4%
10/08/25
Listing
$899,000
Condition Rating
Fair
Built in 2007, this property is 17 years old. While the building appears well-maintained, the interior, particularly the kitchen and bathrooms, features original builder-grade finishes that are now outdated. The kitchen has wood cabinets, granite countertops, and white tile flooring, with functional but not modern appliances. Bathrooms also show basic, original fixtures and tile. The listing explicitly states it's a 'value-add opportunity' and an 'ideal blank canvas' requiring a 'dream remodel (flooring, kitchen, baths),' indicating that significant cosmetic updates are needed to meet current quality standards. This aligns with the 'Fair' condition, as it requires minor updates and its major components show signs of being outdated.
Pros & Cons

Pros

Prime Old Town Pasadena Location: Unbeatable walkability to world-class dining, shopping, and entertainment in the heart of Old Town Pasadena, offering unparalleled convenience.
Significant Equity Upside: Priced aggressively at $655/sq ft, substantially below comparable updated units ($740+/sq ft), offering built-in renovation equity from day one.
Spacious Floor Plan: Generous 1,266 sq ft living space provides ample room for comfortable living and potential for creative redesign.
Value-Add Opportunity: Marketed as an 'ideal blank canvas' for buyers to customize and remodel, allowing for immediate appreciation upon completion of updates.
Motivated Seller/Price Adjustment: Recent price reductions from $899,000 to $829,000 indicate a motivated seller and potential for a favorable purchase.

Cons

Requires Full Renovation: The property is explicitly marketed as a 'blank canvas' requiring significant updates to flooring, kitchen, and baths, implying substantial additional investment and effort.
High Monthly HOA Fees: The association fee of $856.00 is considerable and will add a significant recurring cost to ownership.
Absence of Views: The property details explicitly state 'view: None,' which might be a detractor for buyers seeking scenic outlooks.

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