238 S Arroyo Parkway 316, Pasadena, California 91105, Pasadena, 91105 - 1 bed, 1 bath
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Pasadena, California 91105
This Modern Turnkey Studio is a Prime Investment Opportunity, listed at $529,000—positioned well below the $546,737 Fair Market Value by 3%. This valuation gap provides $17,737 in Instant Equity for a residence boasting a Good Condition Rating. The interior features KitchenAid stainless-steel appliances, quartz countertops, and polished concrete floors, complemented by a private balcony overlooking common gardens. Located steps from Old Town Pasadena and the Del Mar Gold Line, this move-in-ready sanctuary is ideal for urban professionals or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 238 S Arroyo Parkway 316 Subject | $499,000* List Price | 1 | 1 | 590 | $865 | - |
A 99 S Raymond Avenue 206 Sold | $460,000 | 0 | 1 | 528 | $871 | 0.2 mi |
B 238 S Arroyo Active Under Contract | $549,900 List Price | 1 | 1 | 708 | $777 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this 18-year-old unit is well-maintained and move-in ready. The kitchen and bathroom feature functional original finishes including KitchenAid stainless steel appliances and quartz countertops. The polished concrete floors and overall systems appear in great shape, fitting the 10-20 year age bracket for a 'Good' rating.
Ideally situated near Old Town Pasadena and the Del Mar Gold Line, the property offers exceptional walkability to premier dining, shopping, and transit.
The interior boasts high-end KitchenAid appliances, quartz countertops, and polished concrete floors, offering a contemporary and move-in-ready aesthetic.
The inclusion of in-unit laundry, a private balcony, and a dedicated parking space provides significant convenience and value for a studio condominium.
At 590 square feet, the studio's open-concept layout may feel restrictive for buyers seeking a traditional bedroom or more storage.
A recent $100,000 hike from the original list price may impact market competitiveness and buyer perception of value.
Experience modern urban living in this turnkey studio condominium. It is ideally located near Historic Old Town Pasadena, Pasadena City Hall, the Civic Center, popular restaurants, designer shops, Rose Bowl Stadium, and the Del Mar Gold Line Train Station. Enjoy the convenience of coming and going as you live in the secure gated community. The open floor concept provides simple living at its best. Natural sunlight streams in through the west-facing glass windows and slider. Step out onto the balcony, which overlooks the gardens and common grounds. The unit features KitchenAid brushed stainless-steel built-in appliances, a closet stacked washer and dryer, quartz countertops, and polished concrete floors. There is a separate full bathroom with a soaker tub and shower above. The built-in closet and dressing area add functionality, and the in-unit laundry adds convenience. The unit comes with one parking space. Residents also enjoy access to a common exercise room and patios for gatherings with company and neighbors.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 14% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 590 | 1,748 | 7% |
| Lot Size | - | 17,516 | 45% |
| Price | $499.0K | $1.31M | 7% |
| Price per sq ft | $846 | $734 | 76% |
| Built year | 2008 | 1974 | 76% |
| HOA | $447.0 | $1.1K | 7% |
| Days on market | 45 | 94 | 10% |
May 22, 2026
$499,000
$529,000
-6% Price Drop
Initial Listing
Apr 24, 2026
$529,000
Initial Listing
Apr 22, 2026
$429,000
Initial Listing
Jul 10, 2009
$330,000
Public Record