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Closed
- Listed price
- $5,450,000
- Listed Dec 19, 2012
- Sold price
- $5,500,000
- Sold Mar 26, 2013
17,716 sqft lot|1987 Built|96 days listed
987 E DEL MAR E, Pasadena, CA 91106
Property Description
CALL FOR OFFERS BY: 1-6-13 at 7:00pm. EMAIL OR CALL FOR DETAILS. A Very rare offering of 18 apartment units in Pasadena. The Villa Del Mar Apartments offers investors the rare opportunity to acquire an apartment complex in a Prime Pasadena location. The property was constructed in 1987 and features spacious units, central A/C & Heat, ample closet space, subterranean parking with gated/secure entrance, patios & balconies, on-site laundry, secure bicycle storage. The unit mix is One 3 Bed + 2 Bath; Fifteen 2 Bed + 2 Bath; Two 1 Bed + 1 Bath. Just 2 short blocks from S. Lake Avenue with endless restaurants and retail stores. Only1 block from the California Institute of Technology (Cal Tech) campus. There is HUGE UPSIDE in this property with most rents almost 50% below market value. TREMENDOUS value added property and opportunity to own great income property in a Premiere Pasadena location. EXISTING FINANCING ASSUMABLE - 3.5% INT RATE
Listing agent: Alexander MetaxasDRE #01784652ametaxas@remaxcir.com, Listing office: Re/Max Commercial
MLS data updated 10/19/2026, 9:27:30 AM PT
Source: CRMLSMLS #: 12641671
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,500,000
Mar 26, 2013
Available records22012–2013
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 91106 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 91106 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.