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408 E Del Mar Boulevard
About This Property
Ideal for:
1031 Exchange
Please note: Tax records indicate 1 bedroom, however, the home has 2 bedrooms. Buyer to verify with the City. Room to add second bathroom.
This rare offering is a must-see for first time buyers, 1031 exchange buyers seeking a long-term asset in one of Pasadena's most desirable neighborhoods.
408 E Del Mar Lot Size: 2,573 SF. Features inlcude central air and heat, hardwood floors, recessed lighting, large kitchen, living dinging room, washer dryer inside the home and separate garage.
Enjoy immediate access to Pasadena's vibrant lifestyle offerings - just minutes to the dining, shopping, and entertainment of Old Town Pasadena, The Paseo, and the Playhouse District. Also within close reach are top cultural and educational landmarks including the Norton Simon Museum, Pasadena City College, and Caltech.
Outdoor enthusiasts will appreciate proximity to Central Park, Arroyo Seco, and nearby hiking, cycling, and golf options. The property offers excellent connectivity via Metro Gold Line, major thoroughfares, and is just a short commute to Downtown Los Angeles.
Submit y!our best offer today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2026 | Relisted | $889,000 | |
| Relisted | |||
| May 21, 2026 | No longer available | - | |
| No longer available | |||
| Dec 13, 2025 | Price Decreased |
$889,000
↓ $61K
(6.4%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by Coldwell Banker Hallmark | $950,000 | |
| Listed by Coldwell Banker Hallmark | |||
| Jul 16, 2025 | Listed | $600,000 | |
| Listed | |||
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House with a detached garage in Prime Pasadena location.
This property must be sold together with the adjacent property at 325 S Los Robles Ave.
Ideal for:
1031 Exchange
Investors seeking long-term value in a premier Pasadena location
Contractors/builders/developers
Please note: Tax records indicate 1 bedroom, however, the home has 2 bedrooms. Buyer to verify with the City. Room to add second bathroom. Actual rental income is $2000 per month.
This rare offering is a must-see for investors, contractors/developers, and builders seeking a long-term asset in one of Pasadena’s most desirable neighborhoods.
408 E Del Mar Lot Size: 2,573 SF. Features inlcude central air and heat, hardwood floors, recessed lighting!
325 S Los Robles Lot Size: 6432 SF
Combined Lot Size: 9,005 SF (approx.)
Enjoy immediate access to Pasadena’s vibrant lifestyle offerings — just minutes to the dining, shopping, and entertainment of Old Town Pasadena, The Paseo, and the Playhouse District. Also within close reach are top cultural and educational landmarks including the Norton Simon Museum, Pasadena City College, and Caltech.
Outdoor enthusiasts will appreciate proximity to Central Park, Arroyo Seco, and nearby hiking, cycling, and golf options. The property offers excellent connectivity via Metro Gold Line, major thoroughfares, and is just a short commute to Downtown Los Angeles.
Buyers to conduct their own due diligence with the City regarding zoning and development possibilities.
Submit y!our best offer today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017