
Pasadena, California 91101
This Turnkey Penthouse Retreat is a Strong Value Opportunity, listed at $799,000—positioned well below the $760,074 Fair Market Value by -5%. Featuring a Condition Rating of 3, this residence offers a sophisticated lifestyle with bamboo flooring, a renovated kitchen, and a rooftop balcony with city views. Located in the heart of the Pasadena Playhouse District, it provides unmatched walkability to premier dining and transit. This property is an ideal acquisition for Owner-Occupants seeking a refined urban sanctuary or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 S Madison Avenue 304 Subject | $749,000* List Price | 2 | 3 | 1,179 | $629 | - |
A 395 S Oakland Avenue 104 Sold | $750,000 | 2 | 2 | 1,213 | $618 | 0.2 mi |
B 355 S Marengo Avenue 408 Sold | $730,100 | 2 | 2 | 1,222 | $597 | 0.5 mi |
C 478 S Madison Avenue 2 Sold | $878,000 | 3 | 3 | 1,535 | $572 | 0.3 mi |
D 317 E Del Mar Sold | $578,000 | 2 | 2 | 1,046 | $553 | 0.3 mi |
E 515 S Madison Avenue 2 Sold | $855,000 | 2 | 3 | 1,373 | $623 | 0.3 mi |
F 355 S Marengo Avenue 402 Sold | $592,000 | 2 | 2 | 973 | $608 | 0.5 mi |
G 330 Cordova Street 361 Sold | $900,000 | 2 | 2 | 1,300 | $692 | 0.3 mi |
H 485 S Madison Avenue 7 Sold | $632,000 | 2 | 2 | 1,229 | $514 | 0.3 mi |
I 330 Cordova Street 157 Active | $729,500 List Price | 2 | 2 | 1,111 | $657 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1982, the property is well-maintained and features a renovated kitchen with stainless steel appliances and white cabinetry, bamboo flooring, and a newer HVAC system with a Nest thermostat. The updates appear to be within the 5-15 year range, making the unit move-in ready and functional.
Situated in the heart of Pasadena between South Lake and Paseo Colorado, this location offers exceptional walkability to premier dining, shopping, and cultural landmarks like Urth Caffe and the Gold Line.
This south-facing penthouse features vaulted ceilings, a versatile upstairs loft with a rooftop balcony, and only one common wall, providing a sense of space and privacy rarely found in condominium living.
The home is well-equipped with modern comforts including a newer A/C system with Nest thermostat, bamboo flooring, electronic retractable awnings, and rare side-by-side subterranean parking.
At $680 per month, the association fees are relatively high for a 1,179-square-foot unit, which may impact the monthly carrying costs for budget-conscious buyers.
Built in 1982, the complex may require ongoing maintenance or future capital improvements compared to newer luxury developments in the surrounding Pasadena area.
Welcome to this exceptional South Madison Avenue penthouse, ideally located in the highly desirable Pasadena Playhouse District between the South Lake Shopping District and Paseo Colorado. Tucked away on a tree-lined street, this south-facing unit offers abundant natural light, exceptional privacy with only one common wall, and two spacious balconies perfect for morning coffee, outdoor dining, and beautiful sunset views. The main level features a vaulted-ceiling living and dining area, kitchen, primary suite, second bedroom, and full bathroom with in-unit washer and dryer. The upstairs loft with rooftop balcony, closet, and powder room provides flexible space for a home office, guest accommodations, or additional living space. This well-maintained home includes a newer A/C unit with Nest thermostat, bamboo flooring throughout, marble fireplace, built-in living room cabinetry, custom closet organizers, plantation shutters, and balconies with electronic retractable awnings. The building offers excellent amenities including a recreation room, pool, jacuzzi, sauna, restrooms, and gym. Secure gated subterranean parking includes two side-by-side spaces and dedicated storage. Enjoy a central Pasadena lifestyle with easy access to Urth Caffe, the AC Hotel rooftop bar on Colorado Boulevard, Trader Joe's on Lake Avenue, Old Town Pasadena, the Gold Line, Caltech, and Pasadena City College. A rare opportunity to own a peaceful penthouse retreat in one of Pasadena's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,179 | 1,147 |
| Lot Size | - | 32,928.5 |
| Price | $749.0K | $802.4K |
| Price per sq ft | $635 | $651 |
| Built year | 1982 | 1973 |
| HOA | $680.0 | $620 |
| Days on market | 28 | 51 |
Jul 15, 2026
$749,000
$799,000
-6% Price Drop
Initial Listing
Jun 24, 2026
$799,000
Initial Listing
Jul 22, 2020
$708,000
Public Record
May 23, 2018
$659,000
Public Record
Oct 5, 2016
$600,000
Public Record
Mar 7, 2014
$528,000
Public Record
Nov 30, 2011
$460,000
Public Record