708 N El Molino Avenue, Pasadena, California 91104, Pasadena, 91104 - 4 bed, 4 bath
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708 N El Molino Avenue
Pasadena, California 91104
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
1,501Sq Ft
4,882Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,338,704
SUMMARY
This Turnkey Multi-Unit Residence is a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,314,418 Fair Market Value by 1%. This valuation gap offers $15,418 in Instant Equity. Featuring a Fully Remodeled Main Home and a Permitted Detached ADU, the property boasts an Excellent Condition Rating with updated systems. The dual-dwelling layout provides exceptional financial flexibility through rental income or multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality, income-generating asset in Pasadena.
Estimated Market Value
$1,338,704
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 |
|---|---|---|---|---|---|---|
★ 708 N El Molino Avenue Subject | $1,299,000* List Price | 4 | 4 | 1,501 | $892 | - |
A 899 N Wilson Avenue Sold | $1,233,000 | 2 | 2 | 1,191 | $1,035 | 0.5 mi |
B 640 E Rio Grande Street Sold | $1,300,000 | 3 | 2 | 1,201 | $1,082 | 0.8 mi |
C 1063 E Rio Grande Street Sold | $1,012,500 | 4 | 2 | 1,614 | $627 | 1.0 mi |
D 1006 E Orange Grove Boulevard Sold | $1,129,000 | 3 | 2 | 1,232 | $916 | 0.4 mi |
E 1046 N Michigan Avenue Sold | $1,625,000 | 3 | 2 | 1,923 | $845 | 0.8 mi |
F 784 Elmira Street Active | $1,095,000 List Price | 3 | 2 | 1,144 | $957 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property is a fully remodeled turnkey residence with a brand-new permitted ADU. It features modern kitchens with new stainless steel appliances, updated bathrooms with contemporary finishes, and fully replaced systems including HVAC, electric, and major plumbing lines, meeting the criteria for a recent high-end renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The fully permitted, detached ADU with its own private address (710 N. El Molino Ave) provides a turnkey opportunity for rental income to offset mortgage costs or for multi-generational living.
- Comprehensive Remodel
The property features all-new appliances, fully updated systems, and replaced major plumbing lines, offering the peace of mind of a new build within a charming historic 1890 structure.
- Turnkey Versatility
With a 3-bedroom main house and a separate 1-bedroom ADU, the property offers exceptional flexibility for investors or homeowners seeking built-in financial flexibility.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With two separate dwellings situated on a 4,882 sqft lot, the remaining private yard and outdoor living space are relatively constrained.
- Compact Living Quarters
The main residence distributes 3 bedrooms and 3 bathrooms across just 1,061 sqft, which may result in smaller individual room sizes and a denser interior layout.
About 708 N El Molino Avenue
Welcome to this stunning, fully remodeled single-family residence in desirable Northwest Pasadena, featuring a fully permitted, detached ADU with its own private address (710 N. El Molino Ave). The main home offers 3 bedrooms and 3 bathrooms, approximately 1,061 sq ft of living space completely renovated with modern amenities. Step inside to a light-filled living area showcasing Castlewood Oak waterproof laminate plank flooring that flows seamlessly into the kitchen. The kitchen is beautifully equipped with new cabinetry, countertops, an elegant tile backsplash, and premium Samsung stainless steel appliances perfect for both daily living and effortless entertaining. Every bathroom has been tastefully reimagined with porcelain tile, new vanities with white quartz countertops, sleek 12x24 tile shower finishes, and premium Glacier Bay fixtures. The detached ADU (440 sq ft) features 1-bedroom, 1-bathroom unit with a full kitchen and living room offers incredible versatility for multi-generational living or a prime rental income opportunity to help offset your mortgage. Key Upgrades & Infrastructure: new 3-ton split AC unit, new 200-amp electrical panel serving both units, and completely updated outlets/switches. Fully replaced underground sewer lines and new main water lines. Brand-new asphalt shingle roof, comprehensive new insulation (roof, walls, and crawl space), repaired exterior stucco, and dual-pane windows throughout. Ample space accommodating up to 4 uncovered parking vehicles. Whether you are an investor, a multi-generational family, or a homeowner looking for built-in financial flexibility, this Pasadena gem is a rare turnkey opportunity. Welcome home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1890
- Lot Size
- 4,882 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.3 |
| Square foot | 1,501 | 1,839.942 |
| Lot Size | 4,882 | 8,508.491 |
| Price | $1.30M | $1.65M |
| Price per sq ft | $865 | $914 |
| Built year | 1890 | 1934 |
| HOA | $0 | $449 |
| Days on market | 44 | 45 |
Pricing History
Listed for Sale
Jul 27, 2026
$1,299,000
Initial Listing
Sold
Jun 25, 2025
$1,160,000
Public Record
Sold
Jun 4, 1999
$80,000
Public Record