218 N El Molino Avenue 303, Pasadena, California 91101, Pasadena, 91101 - 0 bed, 1 bath
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218 N El Molino Avenue 303
Pasadena, California 91101
ACTIVE
CONDITION: EXCELLENT
0Beds
1Baths
844Sq Ft
41,608Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$739,945
5% BelowMARKET VALUE
SUMMARY
This Brand New Luxury Condominium represents a Strong Value Opportunity, listed at $699,000—positioned well below the $745,918 Fair Market Value by 6%. This valuation gap offers $46,918 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this 2023 build includes a Private Terrace, State-of-the-Art Fitness Center, and Panoramic Views. Located in the heart of Pasadena, this residence is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a sophisticated, turnkey urban lifestyle.
Estimated Market Value
$739,945+$40,945 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 N El Molino Avenue 303 Subject | $699,000* List Price | 0 | 1 | 844 | $877 | - |
A 380 Cordova Street 403 Sold | $885,000 | 1 | 1 | 960 | $922 | 0.7 mi |
B 139 S Oak Knoll Avenue 404 Sold | $758,000 | 1 | 1 | 791 | $958 | 0.4 mi |
C 139 S Oak Knoll Avenue 304 Sold | $735,000 | 1 | 1 | 791 | $929 | 0.4 mi |
D 178 S Euclid 105 Sold | $797,000 | 1 | 1 | 806 | $989 | 0.6 mi |
E 399 E Del Mar Boulevard 107 Sold | $800,000 | 1 | 1 | 880 | $909 | 0.7 mi |
F 840 E Green 130 Sold | $798,000 | 1 | 1 | 987 | $809 | 0.4 mi |
G 239 S Marengo Avenue 303 Sold | $732,000 | 2 | 2 | 960 | $763 | 0.8 mi |
H 156 S Oak Knoll Avenue 101 Sold | $665,000 | 2 | 2 | 847 | $785 | 0.5 mi |
I 150 S Oak Knoll 103 Active | $746,000 List Price | 1 | 1 | 762 | $979 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
This is a brand-new luxury condominium built in 2023. As a first-time sale with modern high-end finishes, state-of-the-art systems, and mint-condition amenities, it perfectly meets the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern New Construction & Amenities
Built in 2023, this luxury residence offers contemporary design and high-end building amenities, including a state-of-the-art fitness center and a private rooftop lounge.
- Prime Urban Location
Located in the heart of Pasadena, the property provides exceptional walkability to premier dining, shopping, and cultural landmarks, representing the pinnacle of urban living.
- Attractive Seller Incentives
The listing includes significant financing incentives through a buydown program or premium upgrades, offering substantial financial flexibility for potential buyers.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $677.91 is quite high for a studio unit, which could be a deterrent for budget-conscious buyers or investors looking for higher yields.
- Studio Configuration
While the unit is spacious at 844 sqft, the studio layout lacks a separate bedroom, potentially limiting its appeal to buyers who prioritize privacy or distinct living zones.
About 218 N El Molino Avenue 303
Brand New luxury condominium with north-facing private terrace. MW Lofts Pasadena represents the pinnacle of modern urban living in one of Southern California’s most desirable locations. For sale for the first time, this brand new project features 115 units. Unit 303 is a studio, 1 bathroom floor plan facing North. Large windows allow an abundance of natural light, along with beautiful greenery views. The spacious kitchen opens into the oversized great room. Window shades come installed, and laundry is included and in-room. This sophisticated condominium combines cutting-edge design with refined elegance, offering spacious, open-concept floor plans, high-end finishes, and panoramic views of the surrounding city and mountains. Each residence is carefully crafted with premium materials and expansive windows that flood the interiors with natural light. Plenty of guest parking and EV charging spaces. Residents of MW Lofts enjoy exclusive amenities, including controlled access, a state of the art fitness center, private rooftop lounge, and oversized terrace, all in close proximity to Pasadena’s finest dining, shopping, and cultural landmarks. ***Huge financing incentives through the seller's limited time buydown program or choose premium appliances/cabinet upgrades. contact us for details.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- 41,608 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $677.91 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 844 | 1,199.529 |
| Lot Size | 41,608 | 34,835.592 |
| Price | $699.0K | $778.0K |
| Price per sq ft | $828 | $641 |
| Built year | 2023 | 1979 |
| HOA | $677.91 | $631 |
| Days on market | 57 | 55 |
Pricing History
Listed for Sale
Jul 14, 2026
$699,000
Initial Listing