965 E Del Mar 3, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 2 bath
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Pasadena, California 91106
This 3-bedroom Townhouse represents a High-Potential Investment Opportunity, listed at a List Price of $679,000. While currently priced above the $609,953 Fair Market Value, the property’s prime location adjacent to the South Lake Shopping District and Caltech ensures consistent rental demand. Featuring a Condition Rating of 3, the unit offers a move-in ready interior with a private patio and attached 2-car garage. This asset is an ideal acquisition for Buy-and-Hold Investors targeting the academic rental market or first-time buyers seeking a walkable, urban lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 965 E Del Mar 3 Subject | $679,000* List Price | 3 | 2 | 890 | $685 | - |
A 1318 Corson 4 Sold | $670,000 | 2 | 3 | 1,055 | $635 | 0.8 mi |
B 279 N Holliston Avenue 4 Sold | $700,000 | 2 | 2 | 1,064 | $658 | 0.8 mi |
C 408 N Catalina 6 Active | $560,000 List Price | 2 | 2 | 863 | $649 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1986, the interior shows clear signs of a recent cosmetic renovation (likely within 5-15 years) with updated hardwood flooring, fresh neutral paint, and modern fixtures. The unit is well-maintained and move-in ready.
The property is ideally situated adjacent to the South Lake Shopping District and directly across from Caltech, offering unparalleled walkability to premier dining, shopping, and academic institutions.
This townhouse features a private entrance with a fenced patio and an attached two-car garage, providing the privacy and storage convenience typically reserved for single-family homes.
With a three-bedroom configuration located so close to a major university, the property presents a strong opportunity for high rental demand from students and faculty.
At only 890 square feet for a three-bedroom unit, the interior living spaces and bedrooms are likely to feel exceptionally cramped and may lack functional flow.
Built in 1986, the property may require significant cosmetic and system upgrades to meet modern aesthetic standards and energy efficiency expectations.
Location! Location! Location! This home is directly adjacent to all the shopping, dining and entertainment offered in the beautiful South Lake Shopping District! This unit is located almost across the street from Caltech and has 3 bedrooms with 2 bathrooms with an actual attached 2 car garage. Living room features a fireplace with access to one bedroom, bathroom, and kitchen on that floor. Being a townhouse it has a private entrance right off the sidewalk next to a nice patio with a white picked fence. Garage has plenty of room for storage and 2 cars with washer & dryer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 90% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 890 | 1,059.5 | 20% |
| Lot Size | 12,400 | 30,905.5 | 30% |
| Price | $679.0K | $715.0K | 40% |
| Price per sq ft | $763 | $654 | 70% |
| Built year | 1986 | 1985 | 70% |
| HOA | $312.0 | $470 | 10% |
| Days on market | 12 | 110 | 10% |
Jun 3, 2026
$679,000
Initial Listing
Aug 10, 2022
$675,000
Public Record