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Old 07-03-2012, 08:01 PM
 
Location: Glendale/Los Angeles
571 posts, read 1,751,628 times
Reputation: 239

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Are these good areas of Pasadena?

Currently living in North Hills. Want to sell my townhouse and buy a SFR. Budget is around 350k-380k TOPS. Was going to buy in the SF valley again but just realized I can afford Pasadena/Altadena area. We have an 8-month-old daughter and I love the sense of community in Pasadena and the schools seem like they would be better.

But are these homes in the "bad" parts of Pasadena? Although I'm sure even if it was it would probably be an improvement on North Hills lol

461 Vista Ave, Pasadena, CA 91107 MLS# K12040984 - Zillow
586 W Montana St, Pasadena, CA 91103 MLS# A12068724 - Zillow
3155 Hermar Ct, Altadena, CA 91001 MLS# 22165254 - Zillow
959 N Hudson Ave, Pasadena, CA 91104 MLS# 12579875 - Zillow

How about Monrovia?
349 Shrode Ave, Monrovia, CA 91016 MLS# A12077545 - Zillow
246 Andre St, Monrovia, CA 91016 MLS# w12077601 - Zillow
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Old 07-03-2012, 08:09 PM
 
40 posts, read 117,136 times
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Not the best... keep it south of the 210 for the nicer areas
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Old 07-03-2012, 08:33 PM
 
1,468 posts, read 1,789,650 times
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I'm not sure about the Monrovia area but out of all of those, I would say the Altadena address seems to be best. The last one is also closest to Old Town, but the area varies and I don't think that's a good indication of anything.
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Old 07-03-2012, 08:48 PM
 
1,714 posts, read 3,258,356 times
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For Pasadena, south of the 210.
For Monrovia, north of the 210.
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Old 07-03-2012, 08:56 PM
 
Location: La lune et les étoiles
18,041 posts, read 19,732,632 times
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Quote:
Originally Posted by genjy View Post
For Pasadena, south of the 210.
For Monrovia, north of the 210.
North of the 210 is fine East of Hill Avenue

There are also some sketch areas South of the 210 between Allen Ave to Rosemead Blvd and North of Del Mar
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Old 07-04-2012, 12:09 AM
 
Location: Los Angeles, CA
1,045 posts, read 1,679,844 times
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I think north of the 210 and East of Lake Ave is fine in Pasadena. Bungalow Heaven is a nice neighborhood.

What is Bungalow Heaven?
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Old 07-04-2012, 11:43 AM
 
335 posts, read 236,401 times
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I would stay away from Altadena. I would instead check out La Canada areas, etc to the west or Sierra Madre to the east. Altadena may seem okay, but it has a stigma. Monrovia is okay; it is becoming more gentrified, if that means anything to you.
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Old 07-04-2012, 12:10 PM
 
1,714 posts, read 3,258,356 times
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I think a lot of younger people who are priced out of Pasadena, Sierra Madre, and Arcadia are looking at Monrovia because it offers a similar vibe.
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Old 07-04-2012, 12:20 PM
 
335 posts, read 236,401 times
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Quote:
Originally Posted by genjy View Post
I think a lot of younger people who are priced out of Pasadena, Sierra Madre, and Arcadia are looking at Monrovia because it offers a similar vibe.
Yeah, I guess there's truth to that. But it doesn't hurt to shop around.

But whatever the case, now is the time to buy. But be cautious and do not "back in" to a price you can afford based on low downpayment and low interest; rather, price a house with 10% or 20% down and assume a worst case scenario of 7% interest and mortgage at 1/3 to 1/4 gross monthly income. I know this sounds conservative to young people, but you won't go underwater with that line of thinking. I have been in real estate for a long time.
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Old 11-01-2012, 09:18 AM
 
11 posts, read 19,607 times
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Quote:
Originally Posted by Csonka View Post
Yeah, I guess there's truth to that. But it doesn't hurt to shop around.

But whatever the case, now is the time to buy. But be cautious and do not "back in" to a price you can afford based on low downpayment and low interest; rather, price a house with 10% or 20% down and assume a worst case scenario of 7% interest and mortgage at 1/3 to 1/4 gross monthly income. I know this sounds conservative to young people, but you won't go underwater with that line of thinking. I have been in real estate for a long time.
Can u be more specific (maybe with an example) on 'price a house with 10-20% down and 7% interest rate?' Does it apply if u have another property as rental? Thanks!
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