Over the last few months, Pasadena home buyers have been learning about short sales. A short sale simply means that a bank is willing to accept less money than what the owner owes on his or her home because the property can not sell at a price high enough to cover the mortgage and selling expenses fully. In essence, an owner is “upside down” on their property.
Short sales create an opportunity for Pasadena home buyers to get a potential deal on the home of their dreams. Short sales are not the easiest sales to pull together and it takes a real estate agent with experience, excellent negotiating skills, and perseverance to work with the banks. I say banks, because in most cases, there are several banks involved in the transaction since the home sellers usually have more than one loan on their property.
Short sales also take a lot of patience on the buyer’s side. They have a tendency to drag on, sometimes for months. But, having said that, we can not ignore the fact that they present potential opportunities.
Here’s a list of short sales in Pasadena and surrounding cities for your review. Feel free to call my office at 626-629-8439 or email me for more information or to set up an appointment for a private showing.
UPDATE – September 21, 2009: Since the time this post was written in early November of 2008, I had an opportunity to work on quite a few short sale. All in all, I find it to be an extremely frustrating experience for my home buyers and have made a business decision not to handle any buyer short sales. If you are interested in pursuing short sales purchases, I’d be happy to find a real estate agent to represent you. Just send me a quick note.
| Address | BR | BA | Price | $/Sq.Ft | HOA | MLS# | City |
| 336 N 4th St #1 Alhambra, CA 91801 | 3 | 3 | $330,000 | $277 | $150 | 22108140 | Alhambra |
| 28 W Altadena Dr Altadena, CA 91001 | 2 | 1 | $300,000 | $323 | $0 | 22113031 | Altadena |
| 2683 Windsor Ave Altadena, CA 91001 | 3 | 2 | $335,000 | $204 | $0 | 22116694 | Altadena |
| 503 Crosby St Altadena, CA 91001-5428 | 3 | 1 | $349,000 | $281 | $0 | 22115446 | Altadena |
| 180 W Harriet St Altadena, CA 91001 | 2 | 2 | $399,000 | $247 | $0 | 22114545 | Altadena |
| 871 Ventura St Altadena, CA 91001 | 3 | 2 | $400,000 | $276 | $0 | 22108522 | Altadena |
| 819 W Mariposa St Altadena, CA 91001 | 4 | 3 | $449,000 | $242 | $0 | 12108449 | Altadena |
| 54 E Altadena Dr Altadena, CA 91001 | 3 | 2 | $475,000 | $310 | $0 | 22114509 | Altadena |
| 2868 Marengo Ave Altadena, CA 91001 | 3 | 2 | $498,000 | $364 | $0 | 12114046 | Altadena |
| 2121 Garfield Ave Altadena, CA 91001-2968 | 3 | 2 | $505,000 | $355 | $0 | 22116123 | Altadena |
| 837 Alameda St Altadena, CA 91001 | 4 | 2 | $514,000 | $363 | $0 | 12112186 | Altadena |
| 1762 La Paz Rd Altadena, CA 91001 | 3 | 1 | $549,000 | $366 | $0 | 22116184 | Altadena |
| 728 E Colman St Altadena, CA 91001 | 4 | 4 | $615,000 | $250 | $0 | 22105561 | Altadena |
| 2567 N Altadena Dr Altadena, CA 91001 | 3 | 2 | $699,000 | $347 | $0 | 22115844 | Altadena |
| 2980 Santa Anita Ave Altadena, CA 91001 | 4 | 3 | $699,999 | $231 | $0 | 22110744 | Altadena |
| 5112 MARSHBURN AL Arcadia, CA 91006-5964 | 3 | 2 | $499,000 | $379 | $0 | 12116087 | Arcadia |
| 1706 Grismer Ave #212 Burbank, CA 91504 | 2 | 3 | $249,942 | $271 | $220 | 12112768 | Burbank |
| 2444 N Myers St Burbank, CA 91504 | 2 | 1 | $330,000 | $395 | $0 | 12116827 | Burbank |
| 700 S 5th St #B Burbank, CA 91501 | 2 | 2 | $340,000 | $304 | $153 | 12116885 | Burbank |
| 565 E San Jose Ave #304 Burbank, CA 91501 | 2 | 3 | $419,000 | $330 | $278 | 12112980 | Burbank |
| 1937 N Rose St Burbank, CA 91505 | 2 | 1 | $425,000 | $300 | $0 | 12110014 | Burbank |
| 1210 N Fairview St Burbank, CA 91505 | 2 | 2 | $450,000 | $306 | $0 | 12112775 | Burbank |
| 2036 N Valley St Burbank, CA 91505 | 3 | 2 | $460,000 | $323 | $0 | 12108947 | Burbank |
| 927 W orange grove Ave Burbank, CA 91506 | 4 | 3 | $499,000 | $266 | $0 | 12115984 | Burbank |
| 465 San Jose Ave #201 Burbank, CA 91501 | 3 | 2 | $529,000 | $317 | $0 | 12111894 | Burbank |
| 465 E MAGNOLIA Blvd #105 Burbank, CA 91501 | 3 | 2 | $545,000 | $323 | $244 | 12116131 | Burbank |
| 639 E Olive Ave #6 Burbank, CA 91501 | 3 | 3 | $549,000 | $375 | $170 | 12108806 | Burbank |
| 2906 N Frederic St Burbank, CA 91504 | 3 | 2 | $565,000 | $402 | $0 | 12115044 | Burbank |
| 3411 W clark Burbank, CA 91505-2939 | 2 | 2 | $579,000 | $0 | 12116591 | Burbank | |
| 835 E Harvard Rd Burbank, CA 91501 | 4 | 5 | $879,000 | $273 | $0 | 12108051 | Burbank |
| 1580 Waldran Ave Eagle Rock, CA 90041 | 2 | 1 | $375,000 | $420 | $0 | 22117564 | Eagle Rock |
| 4830 Algoma Ave Eagle Rock, CA 90041-2105 | 2 | 2 | $399,000 | $281 | $0 | 12115434 | Eagle Rock |
| 1815 Linda Rosa Ave Los Angeles, CA 90041 | 5 | 3 | $538,000 | $220 | $0 | 12114217 | Eagle Rock |
| 3849 Filion St Los Angeles, CA 90065 | 3 | 4 | $699,000 | $289 | $0 | 22112062 | Eagle Rock |
| 134 N Avenue 54 Los Angeles, CA 90042 | 3 | 1 | $250,000 | $186 | $0 | 22109764 | Highland Park |
| 5915 Arroyo Dr Los Angeles, CA 90042 | 3 | 0 | $275,000 | $221 | $0 | 12116974 | Highland Park |
| 6185 St Albans Street Highland Park, CA 90042 | 2 | 2 | $325,000 | $257 | $0 | 12115295 | Highland Park |
| 549-18305 S Terrill Ave Los Angeles, CA 90042 | 2 | 2 | $377,000 | $323 | $0 | 12110981 | Highland Park |
| 1601 N Avenue 55 Los Angeles, CA 90042-1106 | 2 | 1 | $469,000 | $459 | $0 | 12115349 | Highland Park |
| 2045 Tondolea Ln La Canada Flintridge, CA 91011-1553 | 4 | 3 | $1,675,000 | $487 | $0 | 12097566 | La Canada/Flintridge |
| 925 W Walnut Ave Monrovia, CA 91016 | 4 | 3 | $444,000 | $267 | $120 | 12117125 | Monrovia |
| 163 N Ivy Ave Monrovia, CA 91016 | 2 | 2 | $449,000 | $617 | $0 | 22109127 | Monrovia |
| 1752 N Michigan Ave Pasadena, CA 91104 | 1 | 0 | $350,000 | $400 | $0 | 22114897 | Pasadena (NE) |
| 458 AVOCADO Ave Pasadena, CA 91107 | 3 | 2 | $419,000 | $400 | $0 | 12112027 | Pasadena (NE) |
| 1369 N Los Robles Ave Pasadena, CA 91104 | 4 | 2 | $450,000 | $243 | $0 | 22113594 | Pasadena (NE) |
| 156 E Hammond St Pasadena, CA 91103 | 4 | 2 | $500,000 | $264 | $0 | 22113825 | Pasadena (NE) |
| 1387 N Dominion Ave Pasadena, CA 91104 | 3 | 2 | $580,000 | $336 | $0 | 12109126 | Pasadena (NE) |
| 2418 Loma Vista St Pasadena, CA 91104-3403 | 3 | 2 | $650,000 | $407 | $0 | 22116449 | Pasadena (NE) |
| 2481 Monte Vista St Pasadena, CA 91107-2524 | 3 | 2 | $712,500 | $453 | $0 | 22112932 | Pasadena (NE) |
| 560 W Washington Blvd Pasadena, CA 91103 | 3 | 1 | $230,000 | $192 | $0 | 22105636 | Pasadena (NW) |
| 256 MacDonald St Pasadena, CA 91103 | 2 | 1 | $235,000 | $336 | $0 | 12115298 | Pasadena (NW) |
| 720 Manzanita Ave Pasadena, CA 91103 | 4 | 2 | $299,000 | $264 | $0 | 12117916 | Pasadena (NW) |
| 1181 Lincoln Ave Pasadena, CA 91103 | 2 | 1 | $305,000 | $305 | $0 | 12108880 | Pasadena (NW) |
| 114 W Montana St Pasadena, CA 91103-1730 | 2 | 1 | $369,900 | $335 | $0 | 22114957 | Pasadena (NW) |
| 601 W Montana St Pasadena, CA 91103 | 3 | 2 | $419,000 | $292 | $0 | 22110518 | Pasadena (NW) |
| 1907 Santa Rosa Ave Pasadena, CA 91104 | 3 | 2 | $458,000 | $416 | $0 | 12113363 | Pasadena (NW) |
| 1125 Lincoln Ave Pasadena, CA 91103 | 2 | 1 | $500,000 | $369 | $0 | 12111810 | Pasadena (NW) |
| 1799 Kenneth Way Pasadena, CA 91103 | 5 | 5 | $699,000 | $353 | $0 | 22109093 | Pasadena (NW) |
| 1115 Cordova St #202 Pasadena, CA 91106 | 1 | 1 | $229,000 | $304 | $202 | 22111961 | Pasadena (SE) |
| 1127 E Del Mar Blvd #138 Pasadena, CA 91106-3483 | 1 | 1 | $255,000 | $302 | $350 | 12101431 | Pasadena (SE) |
| 81 N Roosevelt Ave #11 Pasadena, CA 91107 | 2 | 2 | $320,000 | $296 | $185 | 12114696 | Pasadena (SE) |
| 837 Magnolia Ave #5 Pasadena, CA 91106 | 2 | 1 | $379,000 | $396 | $240 | 12117159 | Pasadena (SE) |
| 995 Brentnal Rd Pasadena, CA 91105 | 3 | 3 | $709,000 | $380 | $0 | 22109283 | Pasadena (SW) |
| 184 Avenue 64 Pasadena, CA 91105-1302 | 3 | 4 | $798,000 | $348 | $0 | 22103389 | Pasadena (SW) |
| 18 Grace Ter Pasadena, CA 91105 | 2 | 2 | $1,080,000 | $541 | $0 | 22113706 | Pasadena (SW) |
| 1304 Elm Ave #16 San Gabriel, CA 91775 | 2 | 2 | $279,000 | $303 | $147 | 12109198 | San Gabriel |
| 5308 N Muscatel Ave San Gabriel, CA 91776 | 3 | 2 | $379,000 | $286 | $0 | 12114448 | San Gabriel |
Also, feel free to search the multiple listing service at your convenience. This home search service allows you to create your own account where you can create multiple home and condo searches for Pasadena, San Marino and other areas. As new home listings become available, you will be notified via email automatically. This way, you will always have the most current and latest home inventory information.
