501 E Del Mar Boulevard 302, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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501 E Del Mar Boulevard 302
Pasadena, California 91101
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,125Sq Ft
0Lot Size
Property Price
LIST PRICE$795,000
EST. MARKET VALUE
$733,709
8% AboveMARKET VALUE
SUMMARY
This Spacious Condominium represents a Strong Value Opportunity, listed at $795,000—positioned above the $732,268 Fair Market Value by 8%. While priced above the current estimate, the property offers a unique $20,000 grant incentive and a Condition Rating of 3, featuring recent cosmetic updates, vaulted ceilings, and a loft. Amenities include a pool, spa, and subterranean parking. Located near Old Town Pasadena, this unit is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready lifestyle in a prime, accessible location.
Estimated Market Value
$733,709
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 E Del Mar Boulevard 302 Subject | $795,000* List Price | 2 | 2 | 1,125 | $652 | - |
A 317 E Del Mar Sold | $578,000 | 2 | 2 | 1,046 | $553 | 0.2 mi |
B 227 S Madison Avenue 304 Sold | $770,000 | 2 | 3 | 1,179 | $653 | 0.1 mi |
C 330 Cordova Street 157 Sold | $729,500 | 2 | 2 | 1,111 | $657 | 0.2 mi |
D 221 S Oak Knoll Avenue 202 Sold | $650,000 | 2 | 2 | 1,250 | $520 | 0.3 mi |
E 300 N El Molino Avenue 118 Sold | $645,000 | 2 | 2 | 982 | $657 | 0.7 mi |
F 395 S Oakland Avenue 104 Sold | $750,000 | 2 | 2 | 1,213 | $618 | 0.1 mi |
G 485 S Madison Avenue 7 Sold | $632,000 | 2 | 2 | 1,229 | $514 | 0.2 mi |
H 355 S Marengo Avenue 408 Sold | $730,100 | 2 | 2 | 1,222 | $597 | 0.4 mi |
I 300 N El Molino Pending | $595,000 List Price | 2 | 2 | 1,035 | $575 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was constructed in 1987, the unit has undergone recent cosmetic renovations including new paint and flooring throughout. It is in move-in ready condition with vaulted ceilings and well-maintained amenities, though it falls short of 'Excellent' as there is no mention of full kitchen/bath remodels or updated major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Accessibility
Situated just blocks from Old Town Pasadena and South Lake, this property offers exceptional walkability and immediate access to the 110, 134, and 210 freeways for easy commuting.
- Architectural Volume and Updates
This top-floor unit features desirable vaulted ceilings in the living room and both bedrooms, complemented by a versatile loft and recent interior updates including new paint and flooring.
- Significant Financial Incentives
The property qualifies for a grant of up to $20,000, providing a substantial down-payment or closing cost advantage that is rare in the current market.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The assigned public schools, McKinley and Blair High, currently carry lower ratings (4/10), which may be a consideration for families focused on top-tier district performance.
- Aging Infrastructure
Built in 1987, the complex is approaching 40 years of age, which may necessitate future capital improvements or higher HOA assessments compared to newer developments.
About 501 E Del Mar Boulevard 302
Qualified for up to $20,000 grant and located a few blocks away from Old Town Pasadena and South Lake! This premium location is nestled conveniently by the 100, 134 and 210 freeways. The spacious top floor two bedroom/two bathroom unit is in a desirable, upscale Pasadena neighborhood in the securely gated Del Mar Terrace complex. Vaulted high ceilings with in both bedrooms and living room. Both bedrooms have en-suite bathrooms. New paint throughout and new flooring in most of the home, including the loft. Water, sewer and trash are included in the HOA. Laundry in located in the unit. Building amenities include a community swimming pool, with jacuzzi and barbecue, plus two assigned parking spots in a subterranean garage. There is also guest parking available. Welcome to your new home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $468.0 / Month
Neighborhood Insights
Pasadena Unified Schools
McKinley School
Grades K-8 • 0.3 mi
4/10
Blair High School
Grades 6-12 • 1.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,125 | 1,199.529 |
| Lot Size | - | 34,835.592 |
| Price | $795.0K | $778.0K |
| Price per sq ft | $707 | $641 |
| Built year | 1987 | 1979 |
| HOA | $468.0 | $631 |
| Days on market | 45 | 55 |
Pricing History
Listed for Sale
Jul 26, 2026
$795,000
Initial Listing
Sold
Aug 18, 2003
$398,000
Public Record
Sold
Oct 1, 2002
$265,000
Public Record
Sold
Oct 1, 2002
$101,000
Public Record
Sold
Oct 1, 2002
$41,000
Public Record
Sold
Oct 1, 2002
$4,480,000
Public Record
Sold
Oct 1, 2002
$669,500
Public Record
Sold
Oct 1, 2002
$265,000
Public Record
Sold
Oct 1, 2002
$264,818
Public Record
Sold
Oct 1, 2002
$203,000
Public Record