221 S Oak Knoll Avenue 202, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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Pasadena, California 91101
This Condominium represents a Prime Investment Opportunity, listed at $699,000—positioned well below the $719,000 Fair Market Value by 2%. This valuation gap provides $20,000 in Instant Equity. While the property maintains a Fair Condition Rating due to dated cabinetry, its 93 Walk Score and dual private balconies offer significant lifestyle appeal. With two side-by-side parking spaces and a community pool, this unit is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property in Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 221 S Oak Knoll Avenue 202 Subject | $699,000* List Price | 2 | 2 | 1,250 | $575 | - |
A 221 S Oak Knoll Avenue 306 Sold | $805,000 | 2 | 2 | 1,170 | $688 | 0.0 mi |
B 515 S Madison Avenue 2 Sold | $855,000 | 2 | 3 | 1,373 | $623 | 0.4 mi |
C 330 Cordova Street 155 Sold | $861,000 | 2 | 2 | 1,290 | $667 | 0.5 mi |
D 300 N El Molino Avenue 118 Sold | $645,000 | 2 | 2 | 982 | $657 | 0.6 mi |
E 330 Cordova Street 268 Sold | $830,000 | 2 | 2 | 1,407 | $590 | 0.5 mi |
F 501 E Del Mar Boulevard 206 Sold | $760,000 | 2 | 2 | 1,162 | $654 | 0.3 mi |
G 360 S Los Robles Active | $749,000 List Price | 2 | 2 | 1,033 | $725 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the property is over 35 years old. While it features some cosmetic updates such as stainless steel appliances and stone countertops, the kitchen cabinets and bathroom vanities are dated and appear to be original components that have been painted. The property is functional and move-in ready but requires modernization of the cabinetry and fixtures to move beyond the 'Fair' rating.
Boasting a Walk Score of 93, this property is ideally located in the heart of the Lake Avenue district, providing immediate access to premier shopping, dining, Caltech, and the Gold Line.
Rare for a condominium, this unit features two private balconies—one off the living area and a shared shaded balcony for the bedrooms—offering significant al fresco space for entertaining and relaxation.
The inclusion of two side-by-side parking spaces and a full-sized, in-unit washer and dryer provides a level of convenience and utility that is highly sought after in the Pasadena market.
With 39 days on the market and a recent $20,000 price reduction, the property may be facing challenges in buyer perception or initial overpricing relative to current demand.
The property is noted as having no views, which may be a drawback for buyers seeking the aesthetic appeal of the San Gabriel Mountains or the surrounding Pasadena cityscape.
This bright and modern 2-bedroom, 2-bathroom condo is perfectly situated in the heart of Pasadena’s vibrant Lake Avenue district, offering an incredible walkability score of 93. The open living space flows into the dining area and spacious kitchen, which comes with stainless steel appliances that are included in the purchase. The roomy primary suite offers a walk-in closet and primary bath with shower stall, while the secondary bedroom across the hall allows enough room for a king bed for guests, home office, nursery or children's space. Both bedrooms open to a shared, shaded, private balcony at the side of the unit. Another balcony off the living room adds to the outdoor space, providing ample room for entertaining guests, lounging with a book or enjoying al fresco dining. Central air and heat, plus an in-unit washer and dryer -- stacked but full-sized -- are also included. Located in a secure building with a community pool, elevator and two side-by-side parking spaces, this home offers easy access to the 210 freeway, Old Town, Caltech, the Gold Line, Rose Bowl and a lovely tree-lined street that makes life in Pasadena so beautiful. Come make it yours today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,250 | 1,168 | 61% |
| Lot Size | 29,027 | 18,730.801 | 68% |
| Price | $699.0K | $878.0K | 26% |
| Price per sq ft | $559 | $709 | 5% |
| Built year | 1988 | 1993 | 49% |
| HOA | $560.0 | $638 | 33% |
| Days on market | 59 | 152 | 11% |
May 17, 2026
$699,000
$719,000
-3% Price Drop
Initial Listing
Apr 8, 2026
$719,000
Initial Listing
Jul 23, 2009
$435,000
Public Record
Jul 14, 2006
$530,000
Public Record
Feb 3, 2005
$475,000
Public Record