StatusAccepting Backup Offers (Active Under Contract)
About 285 E Del Mar Blvd
FIRST TIME ON THE MARKET IN OVER 20 YEARS! An opportunity to acquire a turn-key, 7 unit property with a 4.70% Cap on EXISTING RENTS in one of the most sought after parts of Pasadena. The meticulously maintained building shows no signs of deferred maintenance and boasts as a WALKER'S PARADISE with its prime location. It offers an array of desirable features such as full copper plumbing, a pitched roof that was recently replaced and updated windows to name a few. There are Two 2 Bed +1.5 bath townhouse style units, Four 2 Bed + 1 bath units and One 1 Bed + 1 bath unit and ALL have washers and dryers inside. The two-story units are about ~900 SF, the 2Bed units are about ~850-875 SF and the 1Bed is over 600 SF, making these units generous in space and rental desirability. Almost all of them have been remodeled to include newer cabinets in kitchens and hallways, Quartz countertops, Vinyl plank flooring and updated appliances including dishwashers. These apartments have a history of quickly renting, further adding to the stability of this investment. Offering on-site, gated parking for 8 cars with a secured entrance helps limit property access only to tenants. The former laundry room can be utilized to potentially increase rental income as a value-add opportunity for the next owner. The units are separately metered for electricity and gas and each with their own water heater. Properties in this condition and this part of the city rarely come up for sale, so don't miss out on buying this prime piece of real estate. PLEASE DO NOT DISTURB THE TENANTS.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 6,048 SqFt
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 13
Exterior Features
Parking Information:
Parking: Gated
Lot Features
Lot Information:
Lot Size: 0.20 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Blair High School, Public Magnet Grades 6-12
Marshall Fundamental, Public District Grades 6-12
McKinley, Public District Grades KG-8
Norma Coombs Alternative, Public District Grades KG-5
Don Benito Fundamental, Public District Grades KG-5
Other
Directions Information:
Directions: North side of E. Del Mar Blvd between S. Marengo and S. Euclid
Price Information
Listing Price Info
Price Summary:
List Price: $3,250,000
Price Per SqFt: $537/SqFt
What can I afford?
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Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $2.0M more than the Median Sold Price and $206/SqFt less than other homes in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24371155
Listing Office:
Office Name: Realty Investment Advisors, Inc.
Listing Agent: Alexander Metaxas
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 12:15:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school3.06 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school4.68 miles
Public District Grades KG-5
Middle School
4
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-8
High School
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school0.96 miles
Public Magnet Grades 6-12
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school2.45 miles
Public District Grades 6-12
Assigned Schools
7
/10
Norma Coombs Alternative
2600 Paloma St
Distance between this listing and this school3.06 miles
Public District Grades KG-5
6
/10
Don Benito Fundamental
3700 Denair St
Distance between this listing and this school4.68 miles
Public District Grades KG-5
Nearby Schools
3
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school1.33 miles
Public District Grades KG-5
Assigned Schools
4
/10
McKinley
325 S Oak Knoll Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-8
Nearby Schools
3
/10
Washington Middle School
1505 N Marengo Ave
Distance between this listing and this school2.13 miles
Public District Grades 6-8
9
/10
South Pasadena Middle School
1500 Fair Oaks Ave
Distance between this listing and this school2.25 miles
Public District Grades 6-8
Assigned Schools
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school0.96 miles
Public Magnet Grades 6-12
5
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school2.45 miles
Public District Grades 6-12
Nearby Schools
9
/10
South Pasadena Senior High School
1401 Fremont Ave
Distance between this listing and this school2.17 miles
The neighbors living near this home have an average income of $66,605. Typical income of Pasadena, CA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 285 E Del Mar Blvd
What is the listing price of this property?
The listing price of 285 E Del Mar Blvd property is $3,250,000.
What type of property is this?
The property 285 E Del Mar Blvd is a house located in Pasadena, California, 91101.
Is this property for sale now?
Accepting Backup Offers: 285 E Del Mar Blvd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 285 E Del Mar Blvd are: Norma Coombs Alternative: GreatSchools Rating 7/10Don Benito Fundamental: GreatSchools Rating 6/10McKinley: GreatSchools Rating 4/10Blair High School: GreatSchools Rating 5/10Marshall Fundamental: GreatSchools Rating 5/10
How many bedrooms and bathrooms does this property have?
The property at 285 E Del Mar Blvd has 13 bedrooms and 9 bathrooms.
What is the square footage of this property?
The property 285 E Del Mar Blvd is 6,048 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 285 E Del Mar Blvd is 1964.
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This home is located at 285 E Del Mar Blvd in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This 6,048 square foot home, which was built in 1964, sits on a 0.20 acre lot. Features: 13 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since March 21, 2024 and is currently priced at $3,250,000.
In April 2024, from all listings sold in Pasadena, CA there were more than 49 sold above asking price, over 26 sold below and more than 9 were sold right at the asked price. Between March 2024 and April 2024, Pasadena, CA real estate market has seen increase in the number of listings by 12.9%. In April 2024 median list price was $1,199,018 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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