708 N El Molino
Pasadena, CA, 91104
$1,750,000
MLS: OC26212268
Beds
—
Baths
—
Sq Ft
1,501
Lot
0.20 ac
Year Built
1890
MLS #
OC26212268
Days on Market
14
Listed
Sep 29, 2026
Description
708 & 700 N. El Molino Ave - Income Investment and Development Opportunity: Fully remodeled existing 2 UNITS (Single Family Home and ADU) PLUS Building Plans for adjacent lot development for ~1,600 Sq Ft Duplex (2- ~800 Sq Ft Units) located in highly desirable Olive Heights neighborhood of Pasadena. The main single-family home (708 N. El Molino Ave-APN5731010068) offers 3 bedrooms and 3 bathrooms, ~1,061 sq ft of living space with a completely detached fully permitted ADU, 1-bedroom, 1-bathroom ~440 Sq Ft with a full kitchen and living room with its own private address (710 N. El Molino Ave). The adjacent lot (700 N. El Molino Ave-APN 5731010069) is ~3,750 Sq Ft Lot zoned as PSR6 includes building plans and develop package for a Duplex (2- ~800 Sq Ft Units). Combined lot size of 8,632 Sq Ft. Both units have been renovated with the highest level of craftsmanship and attention to detail. Castlewood Oak waterproof plank flooring throughout with custom build baseboards and wall finishings. Kitchen is lined with new cabinetry, countertops, surrounded with designer tile backsplash, and premium stainless-steel appliances. Every bathroom has been tastefully reimagined with porcelain tile, new vanities with white quartz countertops, sleek 12x24 tile shower finishes, and premium fixtures. This property has so many OPTIONS whether you’re a homeowner looking to use this property for multi-generational living, Investors looking to utilize as an income producing property, or a hybrid of a homeowner living in one unit and making additional income on the second unit. Key Upgrades & Infrastructure: new 3-ton split AC unit, new 200-amp electrical panel serving both units, and completely updated outlets/switches. Fully replaced underground sewer lines and new main water lines. Brand-new asphalt shingle roof, comprehensive new insulation (roof, walls, and crawl space), repaired exterior stucco, and dual-pane windows throughout. Walking distance to award winning schools, local public transportation, shopping, and restaurants.
Location
Pasadena, Los Angeles County, CA 91104
Open on Google Maps ↗Listed by: Jason ODonnell · O'Donnell Real Estate
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$13,684
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $175,000 · Loan: $1,575,000
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $10,905
- Property tax (1.25%)
- $1,823
- Homeowners insurance
- $300
- Mortgage insurance
- $656
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $61,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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