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111 South De Lacey Avenue, 409, Pasadena, CA 91105

$1.58M2bd · 3ba · 2,187 sqft
Lot 23,729 sqft•HOA $1041.7/mo•Condominium•
Active
•8d on market•MLS# P1-29145

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

FeeBuilt 2007

Property Details

Land Type
Fee
Year Built
2007
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
4
Garage Spaces
4
Heating
Central
Cooling
Central Air
View
None
Flooring
Carpet, Tile
City
Pasadena
Zip Code
91105
County
Los Angeles
Listed byRE/MAX Premier Properties, Yvonne C Chien

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$7,989.34
Principal & Interest
Loan Amount
$1,264,000
Total Interest
$1,612,162
Total Payment Over 30 Years
$2,876,162
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

111 South De Lacey Avenue, 409, Pasadena, CA 91105

Pasadena · Condominium

$1.58M
Luxury Tier
Beds
2
Baths
3
Sqft
2,187
Lot
23,729 sqft
Year
2007
$/Sqft
$722
Pool: No✓
Spa: No✓
View: None✓
Garage: 4-car✓

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.

Premium
Subject listed at $1.58M· $722/sqft
Total list price
Closed comps
vs closed median $1.26M
+$315K (+24.9%)
Active comps
vs active median $1.34M
+$242K (+18.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $763
−$41 (−5.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
250 De Lacey AvenuePasadena2007331,7230$777$1.34M1183
155 Cordova StreetPasadena2010221,7500$683$1.20M1883
610 Orange Grove BoulevardPasadena1965321,86123,350$637$1.19M3283
176 Catalina AvenuePasadena2026331,8750$900$1.69M683
480 Orange GrovePasadena1972221,9490$818$1.59M082
Total: 5 · Average2.62.41,831.623,350$763$1.40M13.4
Median1,861$1.34M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
265 California BoulevardPasadena199409/24/2026331,72420,855$875,000$875,000$5081.0021683
388 Cordova StreetPasadena201908/05/2026331,8060$1.85M$1.94M$1,0741.054982
141 Hudson AvenuePasadena200608/17/2026232,24011,606$1.25M$1.30M$5811.043781
385 Oakland AvenuePasadena196307/21/2026322,0080$899,000$850,000$4230.9417879
767 Orange Grove BoulevardPasadena195708/28/2026321,9870$1.30M$1.26M$6370.972979
Total: 5 · Average2.82.61,95316,230.5$1.25M$1.25M$644.6—101.8
Median1,987$1.26M$1.26M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.