Wrong side of Lake Avenue?

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house.jpg

The Arcadia Housing Blog, a real-estate site, has a revealing post about real estate in Pasadena vs. Arcadia.

First off, it makes the Crown City sound like it is an amazingly cheap to live ("You can definitely expect to get more living square footage and land in Pasadena"), which is a stretch, to put it mildly. Especially considering that the house on the left goes for about $750,000. Three bedrooms, two baths, 1,500 square feet and that is a bargain? What can you buy for a third of that cost? Don't ask.

But the site also lets loose some commentary on the sacrifices one must make if one is to choose to live in Pasadena over the shining city on the hill, Arcadia:

"As apparent by the following profiles, you will get more house for the money but a highly rated school district isn't something you'll be buying into"

"Unfortunately, there exists (sic) many neighborhoods that you will want to stay out of (for safety reasons)"

Could it be that the neighborhood that contains house #2 (on the right) is one of them? Might that explain why this six-bedroom house is selling for the same price as the three-bedroom once pictured above?

house2.jpg

As shown on this map the two houses are only about 1.5 miles apart.

Regardless of the cause of the price differences within Pasadena, all three homes in Arcadia sell for much more, indicating your average well-to-do suburbanite would prefer to live well to the east of Old Town.

3 Comments

pank said:
Uhh yeah!!! North Pasadena is a drug infested warzone!!. It's too bad that such beatiful homes have to be located there. or..oh wait a minute the homes were there first.. O.k. it's too bad owners of such beautiful homes are renting to such a violent and morally deficient crowd. The residents have tumbled the property values in the area of Pasadena above the freeway. Probably because they know they'll never own anything there so they don't care. Compared to Arcadia, Sierra Madre, Hastings Ranch, Pasadena (above the 210) is the ghetto like Watts or Compton.
AP said:
These houses aren't in the big bad "Northwest". They're in North Pasadena Heights area...one of these is right by Margaret McAustin. I recently just moved out of that area. I mean, sometimes crime does cross over from Lake..but you're east of Lake, you're fine. Not a bad neighborhood at all. Yeah, there's lots of Armenians, but all they'll do is steal your girlfriend's antenna ball. - AP
I do wish that more homeowners in the area of old Town just above the freeway would consider renting to students of Art Center and Caltech. They need housing and it's good for me. I like those types of neighbors, too.

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UNDER THE DOME

Dan Abenschein
Pasadena -- news, politics and gossip. Send tips, rumors, rants to Dan Abendschein dan.abendschein@sgvn.com.

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This page contains a single entry by Dan Abendschein published on June 24, 2008 3:11 PM.

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Miss Havisham, bitter anti-bride on Wrong side of Lake Avenue?: I do wish that more homeowners in the area of old Town just above the ...

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