397 S El Molino Avenue 2, Pasadena, California 91101, Pasadena, 91101 - 3 bed, 4 bath

397 S El Molino Avenue 2, Pasadena, California 91101 home-pic-0

397 S El Molino Avenue 2

Pasadena, California 91101

ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
4Baths
1,985Sq Ft
11,945Lot Size

Property Price

LIST PRICE$1,098,000

SUMMARY

Analysis of 397 S El Molino Avenue 2, Pasadena, California 91101 is currently available with a list price of $1,098,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This 1906 historic townhome is in move-in ready condition, successfully blending original architectural character with modern updates. The kitchen has been refreshed with stainless steel appliances and stone countertops, and the bathrooms feature updated tiling and contemporary fixtures. With modern infrastructure upgrades including central HVAC and updated plumbing, the property is well-maintained and functional, though it retains its vintage charm rather than being a total new-build style renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • Historic Architectural Significance

    Designed by renowned architect Joseph Blick in 1906, this 'Richardson Residence' features rare original woodwork and built-ins that offer a unique sense of place and heritage.

  • Prime Walkable Location

    Situated in the heart of the Playhouse District, the property boasts an exceptional walk score with immediate access to Lake Avenue’s premier dining, boutiques, and transit.

  • Versatile En-Suite Layout

    The rare configuration of three en-suite bedrooms plus an additional full bathroom on the first floor provides maximum flexibility for multi-generational living or guests.

CONSRISKS & DEFICIENCIES

  • Significant Price Volatility

    The property has undergone multiple price reductions from an initial $1.295M to $1.098M, which may indicate previous overpricing or market resistance.

  • Age-Related Maintenance

    Built in 1906, the home may require specialized and potentially costly ongoing maintenance to preserve its historic integrity compared to newer constructions.

  • Lack of Scenic Views

    The listing explicitly notes a lack of views, which may be a disadvantage for buyers seeking the iconic mountain or city vistas often found in Pasadena.

About 397 S El Molino Avenue 2

Originally built as the 'Richardson Residence' by local architect Joseph Blick, this Pasadena townhome blends early 1900s craftsmanship with modern livability in one of the city's most walkable neighborhoods. Tucked within the Playhouse District, this residence offers immediate access to Lake Avenue's restaurants, boutiques, coffee shops, and transit options--making it ideal for anyone who values convenience and charm. You're also just a quick five-minute drive to Old Town Pasadena, the Rose Bowl, and Caltech, placing some of the city's most iconic destinations within easy reach.Stepping inside, you're greeted by warm natural light and classic architectural character that only a historic property can offer. Thoughtful updates throughout the home provide everyday comfort, while original touches add personality and a sense of place. The layout is exceptionally functional, featuring three en-suite bedrooms plus an additional full bathroom on the first floor--a rare configuration that works beautifully for larger families, multi-generational living, or anyone seeking flexible space.Original woodwork, detailed built-ins, and unique design elements showcase the home's heritage, while modern improvements--including updated plumbing, central heating and cooling, and refreshed kitchen and bath finishes--ensure it functions seamlessly for today's lifestyle. The property is also part of a small, well-maintained community with a low-cost HOA, offering peace of mind without the burden of large monthly fees. Quiet, long-term neighbors further enhance the sense of stability and tranquility.Whether you're relaxing in the living room, hosting guests, or exploring the vibrant neighborhood just outside your door, this townhome delivers a lifestyle that's both connected and uniquely Pasadena.Homes with this blend of history, location, and thoughtful livability rarely come to market.

Property Details

Public Facts

Property Type
Townhouse
Year Built
1906
Lot Size
11,945 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$450.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.02.0
55%
Baths4.03.0
73%
Square foot1,9851,590
91%
Lot Size11,94525,143
9%
Price$1.10M$925.0K
73%
Price per sq ft$553$641
18%
Built year19061988
9%
HOA$450.0$580
18%
Days on market105170
18%

Pricing History

Listed for Sale

Feb 5, 2026

$1,098,000

$1,149,000

-4% Price Drop

Initial Listing

Price Change

Jan 9, 2026

$1,149,000

$1,249,000

-8% Price Drop

Initial Listing

Price Change

Dec 17, 2025

$1,249,000

$1,298,000

-4% Price Drop

Initial Listing

Price Change

Dec 11, 2025

$1,298,000

$1,295,000

+0% Price Increase

Initial Listing

Price Change

Nov 21, 2025

$1,295,000

Initial Listing

Sold

May 5, 2017

$735,000

Public Record

Sold

Mar 24, 2009

$610,000

Public Record

Sold

Jul 18, 2005

$685,000

Public Record

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