
111 South De Lacey Avenue, 409, Pasadena, CA 91105
111 South De Lacey Avenue, 409, Pasadena, CA 91105
Property Description
Rare opportunity to own your dream home in the heart of Old Town Pasadena, located in the historic Friend Paper Company building. This stunning contemporary residence combines sophisticated design, abundant natural light, and exceptional indoor-outdoor living. The spacious living and dining areas feature soaring ceilings, floor-to-ceiling windows, and a custom stainless-steel tile façade fireplace complemented by elegant seagrass limestone flooring. Natural light fills the home, creating a bright, warm, and inviting atmosphere. A private balcony off the living area provides the perfect setting for afternoon tea, entertaining, or relaxing while enjoying beautiful sunset views. The gourmet kitchen is a true chef's delight, featuring top-of-the-line appliances, a generous center island, and exceptional attention to detail throughout. Near the entrance, a staircase leads to an open loft area that is ideal for a home office, creative space, or additional lounge area. The luxurious primary suite offers direct access to its own private balcony with open views. The spa-like primary bathroom features dual-sink vanities with abundant storage, a separate soaking tub and shower, and a spacious walk-in closet. The generously sized second bedroom also features its own private bathroom. Additional conveniences include a separate laundry room, hallway storage, a walk-in closet, and ample additional storage. The property also includes four assigned side-by-side underground parking spaces and a dedicated storage space at the garage level--an exceptional and rare amenity in Old Town Pasadena. Enjoy the best of Pasadena right outside your door, with an outstanding location just moments from renowned restaurants, charming coffee shops, theaters, boutique shopping, parks, museums, the Rose Bowl, Metro lines, and the iconic Rose Parade route. Experience the perfect blend of historic character, contemporary luxury, and an unbeatable Old Town Pasadena lifestyle.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Pasadena · Condominium
Listed 24.9% above the median closed sale of $1,265,000. Price per sqft ($722) is a 12% premium to closed comps ($645). Closed comps sold at 100% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 250 De Lacey Avenue | Pasadena | 2007 | 3 | 3 | 1,723 | 0 | $777 | $1.34M | 11 | 83 |
| 155 Cordova Street | Pasadena | 2010 | 2 | 2 | 1,750 | 0 | $683 | $1.20M | 18 | 83 |
| 610 Orange Grove Boulevard | Pasadena | 1965 | 3 | 2 | 1,861 | 23,350 | $637 | $1.19M | 32 | 83 |
| 176 Catalina Avenue | Pasadena | 2026 | 3 | 3 | 1,875 | 0 | $900 | $1.69M | 6 | 83 |
| 480 Orange Grove | Pasadena | 1972 | 2 | 2 | 1,949 | 0 | $818 | $1.59M | 0 | 82 |
| Total: 5 · Average | 2.6 | 2.4 | 1,831.6 | 23,350 | $763 | $1.40M | 13.4 | |||
| Median | 1,861 | $1.34M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 265 California Boulevard | Pasadena | 1994 | 09/24/2026 | 3 | 3 | 1,724 | 20,855 | $875,000 | $875,000 | $508 | 1.00 | 216 | 83 |
| 388 Cordova Street | Pasadena | 2019 | 08/05/2026 | 3 | 3 | 1,806 | 0 | $1.85M | $1.94M | $1,074 | 1.05 | 49 | 82 |
| 141 Hudson Avenue | Pasadena | 2006 | 08/17/2026 | 2 | 3 | 2,240 | 11,606 | $1.25M | $1.30M | $581 | 1.04 | 37 | 81 |
| 385 Oakland Avenue | Pasadena | 1963 | 07/21/2026 | 3 | 2 | 2,008 | 0 | $899,000 | $850,000 | $423 | 0.94 | 178 | 79 |
| 767 Orange Grove Boulevard | Pasadena | 1957 | 08/28/2026 | 3 | 2 | 1,987 | 0 | $1.30M | $1.26M | $637 | 0.97 | 29 | 79 |
| Total: 5 · Average | 2.8 | 2.6 | 1,953 | 16,230.5 | $1.25M | $1.25M | $644.6 | — | 101.8 | ||||
| Median | 1,987 | $1.26M | $1.26M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.