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408 E Del Mar Boulevard, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 1 bath

408 E Del Mar Boulevard, Pasadena, California 91101 home-pic-0
ACTIVE$600,000
408 E Del Mar Boulevard, Pasadena, California 91101
2Beds
1Bath
1,162Sqft
2,573Lot
Year Built
1910
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$516
HOA
-
Days on market
-
Sold On
-
MLS number
GD25160366
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $600.0K(50th), sqft - 1162(50th), beds - 2(50th), baths - 1(50th).

House with a detached garage in Prime Pasadena location. This property must be sold together with the adjacent property at 325 S Los Robles Ave. Ideal for: 1031 Exchange Investors seeking long-term value in a premier Pasadena location Contractors/builders/developers Please note: Tax records indicate 1 bedroom, however, the home has 2 bedrooms. Buyer to verify with the City. Room to add second bathroom. Actual rental income is $2000 per month. This rare offering is a must-see for investors, contractors/developers, and builders seeking a long-term asset in one of Pasadena’s most desirable neighborhoods. 408 E Del Mar Lot Size: 2,573 SF. Features inlcude central air and heat, hardwood floors, recessed lighting! 325 S Los Robles Lot Size: 6432 SF Combined Lot Size: 9,005 SF (approx.) Enjoy immediate access to Pasadena’s vibrant lifestyle offerings — just minutes to the dining, shopping, and entertainment of Old Town Pasadena, The Paseo, and the Playhouse District. Also within close reach are top cultural and educational landmarks including the Norton Simon Museum, Pasadena City College, and Caltech. Outdoor enthusiasts will appreciate proximity to Central Park, Arroyo Seco, and nearby hiking, cycling, and golf options. The property offers excellent connectivity via Metro Gold Line, major thoroughfares, and is just a short commute to Downtown Los Angeles. Buyers to conduct their own due diligence with the City regarding zoning and development possibilities. Submit y!our best offer today!

Price History

Date
Event
Price
07/16/25
$600,000
Condition Rating
Fair
Built in 1910, this property is an older home that has received some beneficial updates such as central air and heat, hardwood floors, and recessed lighting in the main living areas and bedrooms. However, the kitchen and bathroom are significantly dated in style and features, including older appliances, cabinetry, and tile work. While functional and maintained, these key areas would require renovation to meet current aesthetic and quality standards, aligning with the 'fair' condition criteria of requiring minor updates.
Pros & Cons

Pros

Prime Pasadena Location: Situated in a highly desirable Pasadena neighborhood, offering immediate access to Old Town Pasadena's dining, shopping, and entertainment, as well as cultural landmarks, top educational institutions (PCC, Caltech), and recreational parks.
Significant Development Potential: Must be sold with an adjacent property, resulting in a combined lot size of approximately 9,005 SF, making it an ideal opportunity for developers, builders, or investors seeking long-term value and potential expansion.
Immediate Rental Income: The property currently generates $2,000 per month in rental income, providing instant cash flow for investors from day one.
Desirable Interior Features: The home boasts modern comforts including central air and heat, elegant hardwood floors, and contemporary recessed lighting.
Connectivity & Accessibility: Offers excellent transportation links via the Metro Gold Line and major thoroughfares, ensuring a convenient commute to Downtown Los Angeles and surrounding areas.

Cons

Mandatory Tied Sale: The property must be purchased together with the adjacent parcel (325 S Los Robles Ave), which significantly increases the overall investment capital required and may limit the pool of potential buyers.
Discrepancy in Public Records: There is a notable difference between the tax record's bedroom count (1) and the actual home's configuration (2), requiring thorough buyer verification with the City.
Extensive Buyer Due Diligence Required: The listing explicitly advises buyers to conduct their own due diligence regarding zoning and development possibilities, indicating potential complexities or unconfirmed aspects of the property's future use.

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