East Pasadena has many benefits, including great schools, beautiful parks, and a diverse range of housing options. However, there are also some potential drawbacks to consider before buying property in this town.

Pros:
1. Education: East Pasadena is home to some of the best schools in Pasadena, with highly-rated schools such as Don Benito Fundamental School and Mayfield Junior School.
2. Location: East Pasadena is located close to the city center, making it easy to access cultural events, shops, and dining options. It is also close to main freeways that connect with the greater Los Angeles area.
3. Parks and Recreational Activities: There are also many parks in East Pasadena, such as Sierra Madre Villa Park, and Eaton Wash. These parks offer different types of outdoor activities for families and individuals who value outdoor activities.
4. Housing Options: East Pasadena offers a range of options for different budgets, from condos to large luxury homes. The median home price is around $925,000, which is relatively affordable compared to other places in Southern California.

Cons:
1. Traffic: Traffic can be heavy during rush hour and weekends, as there is only one main road that goes through the town.
2. Property Values: Although home values have increased in the last ten years, they can be lower in some areas compared to parts of Pasadena or nearby cities, such as San Marino, which may decrease your potential return on your investment.
3. Weather: East Pasadena has hot summers, and the area can experience wildfires and mudslides, which can have an impact on homes and their surroundings.

Overall, East Pasadena has many positives, and it could be a great place to buy a property if the location and lifestyle suit you. However, it would also be worth considering other towns nearby that offer similar benefits in terms of schools, outdoor activities, and location, such as South Pasadena, San Marino, and Altadena.