240 S Mentor 2, Pasadena, California 91106, Pasadena, 91106 - 2 bed, 3 bath
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Pasadena, California 91106
This Spacious Pasadena Townhouse is a Prime Investment Opportunity listed at $848,000—positioned well below the $878,077 Fair Market Value by 3%. This valuation gap offers $30,077 in Instant Equity. Maintaining a Condition Rating of 4, the 1,485 sqft interior features soaring vaulted ceilings, a mountain view, and side-by-side garage parking. Located steps from South Lake Avenue shopping and Caltech within the Pasadena Unified School District, it balances lifestyle convenience with financial upside. This is a perfect match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 S Mentor 2 Subject | $848,000* List Price | 2 | 3 | 1,485 | $591 | - |
A 782 E California Boulevard 1 Sold | $855,000 | 2 | 3 | 1,153 | $742 | 0.5 mi |
B 1318 Corson 4 Sold | $670,000 | 2 | 3 | 1,055 | $635 | 0.8 mi |
C 99 N Catalina Avenue 1 Sold | $740,000 | 2 | 3 | 1,164 | $636 | 0.4 mi |
D 1318 Corson Street 5 Sold | $645,000 | 2 | 3 | 1,055 | $611 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this property is well-maintained and move-in ready, but it lacks a comprehensive modern renovation. The kitchen and bathrooms retain original oak cabinetry and white tile countertops, which are functional but stylistically outdated. While the stainless steel appliances and flooring have been updated, the core fixtures and finishes align with the 'fair' criteria for a property of this age without major structural or aesthetic overhauls.
Situated in the heart of the South Lake Avenue district, this property offers exceptional walkability to elite shopping like Erewhon, fine dining, Caltech, and the Metro, providing a high-end urban lifestyle.
The interior features soaring vaulted ceilings in both en suite bedrooms and a large 1,485 sqft floor plan, creating an airy, expansive feel that is superior to many standard two-bedroom condos.
The unit includes a private, secure garage with two side-by-side parking spaces, a highly desirable feature in Pasadena that avoids the inconvenience of tandem parking.
The laundry facilities are located in the garage rather than inside the main living area, which may be considered a functional drawback for buyers seeking maximum convenience.
Despite the generous square footage and price point, the property only offers two bedrooms, which may limit its appeal to larger families or those requiring a dedicated home office.
This spacious move-in ready condo is located near many of Pasadena's finest restaurants and fabulous shopping. South Lake Avenue calls! And less than a mile to Caltech, Metro and PCC. Behind gated access, your front door reveals a formal entry. Your light and bright living room has a full mature tree providing filtered daylight. The living room is large and the ambiance is enhanced by the sleek fireplace. The large kitchen serves several options for meals. Continental breakfast can be out of doors on your balcony. The breakfast nook can double for homework or hobbies. More formal meals can be enjoyed under the soft light in the official dining area. There is additional outdoor space in the back patio. Upstairs are two bright en suite bedrooms with soaring vaulted ceilings and plenty of storage. The private secure garage has two spots for side-by-side parking. Your laundry is also in the garage. Just think; you can shop at Erewhon each and every day! Take advantage of this fabulous opportunity to enjoy what Pasadena has to offer in the always vibrant South Lake Avenue district.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,485 | 1,094 | 92% |
| Lot Size | - | 22,444.5 | 8% |
| Price | $848.0K | $735.0K | 75% |
| Price per sq ft | $571 | $644 | 8% |
| Built year | 1991 | 1984 | 83% |
| HOA | $450.0 | $450 | 50% |
| Days on market | 13 | 112 | 8% |
Apr 9, 2026
$848,000
Initial Listing
Aug 22, 2013
$530,000
Public Record
May 19, 2005
$560,000
Public Record
Aug 29, 1996
$222,000
Public Record