I tried to post the following on your site, but it wouldn’t let me (so I’m posting it here).
I checked out the 511 Martos listing and it looks like a nice enough place, but are you serious that it’s not overpriced as well? Seems like a lot of money, but being from San Diego, I have no idea what things go for in Pasadena. I think you’re just saying that you think it will sell at that price and that seems fair enough to me.
If you bought it though, wouldn’t you be worried that it might drop another $100K or so over the next year or two?