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Old 01-29-2010, 01:20 PM
 
122 posts, read 319,004 times
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Does anyone know why the twin buildings of 65 and 125 N Allen have less expensive property values? I see they have some nice condos under $300,000 and as low as low as $210,000. I walked the street and it seemed OK until Walnut. Otherwise the area seemed OK. My agent said that the buildings may have settled a bit over the years causing the lower property values. I'm wanting to relocate to Pasadena but it seems quite difficult to find anything decent south of Colorado in a nicer area for the under $370,000. Looking for some input on Allen and potential neighborhoods that I could purchase up to $325,000. I definitely don't want north of the 210 due to my commute time plus the areas looked pretty sketchy.
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Old 01-29-2010, 01:30 PM
 
10,630 posts, read 22,748,468 times
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That's a decent neighborhood. A nice mix of families and students. It's right by PCC and Caltech. There's also a Gold Line station at Allen, which is a nice perk. It's not the trendiest part of Pasadena by any means, but it's safe and pleasant and has a nice mix of businesses, as well as is fairly conveniently located for a lot of things.

Many of the areas north of the 210 up that direction is perfectly decent, too; I can understand limiting commute, but I also wouldn't cross them off the list without taking a look first. Some of the neighborhoods north of their are considered quite desirable, Bungalow Heaven, for example.

I have no idea about those specific buildings.
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Old 01-29-2010, 06:36 PM
 
122 posts, read 319,004 times
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Default Uptown

Thanks for the input. I'm commuting from south of downtown LA straight up the 710. I have traveled the route several times already and don't want to be too far north because of that trek from Valley Blvd then up Fremont. That's a brutal drive so I need to keep as far south as possible but Alhambra is not an option for me. Thanks again for the post.
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Old 01-30-2010, 02:36 AM
 
4,028 posts, read 8,299,064 times
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Don't buy right now. Save the 20% down you have and add to it. The increased interest rates in a few years won't impact you much if you go in with double your current down payment which by 2012 or 2013 should be 50-70% of purchase price.

Anyway, you can rent the same place right now for less than your mortgage plus HOA will be.

I'm assuming you have 20% down because its a condo.
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Old 01-30-2010, 07:32 AM
 
Location: So Ca
13,865 posts, read 13,545,555 times
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Quote:
Originally Posted by JohnG72 View Post
Don't buy right now. Save the 20% down you have and add to it.
Agreed, unless you plan to live there for quite awhile.
Forecast says home values won't regain bubble heights for at least a decade - latimes.com
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