255 N Michigan 5, Pasadena, California 91106, Pasadena, 91106 - 3 bed, 3 bath
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Pasadena, California 91106
This Mediterranean-style Condominium is a Strong Value Opportunity, listed at $899,000—positioned well above the $828,920 Fair Market Value. While priced at a premium, the property maintains a Good Condition Rating and offers a versatile floor plan with a main-level bedroom and dual master suites. Located near Caltech and Kaiser Permanente Medical School, this home provides exceptional utility for professionals. It is an ideal acquisition for Owner-Occupants seeking a turnkey residence or academic professionals prioritizing proximity to Pasadena’s premier institutions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 255 N Michigan 5 Subject | $899,000* List Price | 3 | 3 | 1,340 | $619 | - |
A 619 N Wilson Avenue A Sold | $790,000 | 3 | 3 | 1,467 | $539 | 0.4 mi |
B 235 S Holliston Avenue 217 Sold | $749,000 | 2 | 2 | 1,275 | $587 | 0.6 mi |
C 1127 E Del Mar Sold | $650,000 | 2 | 2 | 1,363 | $477 | 0.6 mi |
D 154 N Meridith Avenue 8 Sold | $750,000 | 2 | 3 | 1,153 | $650 | 0.7 mi |
E 1000 Cordova Street 308 Sold | $660,000 | 2 | 2 | 1,199 | $550 | 0.6 mi |
F 66 N Allen Avenue 3 Active | $999,000 List Price | 3 | 3 | 1,700 | $588 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2003 (23 years old), the property is well-maintained and move-in ready. It features functional granite countertops, custom cabinetry, and hardwood floors. While slightly over the 20-year mark, the Mediterranean construction and interior condition align with the 'Good' category rather than 'Fair' as it requires no immediate repairs.
The property is ideally situated near Caltech, PCC, and the Kaiser Permanente Medical School, making it a highly desirable location for academic professionals, students, and medical staff.
Built in 2003, the layout features a rare main-level bedroom and full bath plus dual upstairs master suites, providing excellent flexibility for multi-generational living or a dedicated home office.
As a secluded corner unit with a direct-access two-car garage and inside laundry, this home offers a level of privacy and functional ease that is superior to many standard condominium units.
With 1,340 square feet split across three bedrooms and three baths, the individual room sizes and common living areas may feel somewhat constrained for buyers seeking more expansive spaces.
The unit's 'hidden' location at the rear of the courtyard requires specific gate access instructions, which may limit curb appeal and complicate navigation for guests and deliveries.
Spacious 2003-Build Mediterranean-style home with 3 bedrooms and 3 full bathrooms and an attached direct access 2-car garage. From the courtyard enter into a spacious living room with rich wood floors, 9-foot high ceilings, and a stone fireplace. Fantastic kitchen offers rich granite counters and custom cabinetry. There is a bedroom on the main level with recessed lighting and sliding glass doors with a full bathroom. Perfect for guests, in-laws or an office space. Two naturally bright and enormous master suites greet you upstairs each with expansive windows to let the light in. One master features a private balcony with courtyard views. The other one has a generous closet, double sinks, and a soaking tub. Bathrooms feature granite counters, recessed lighting, and separate sink and shower facilities. Bedrooms all feature ceiling fans. This corner unit is hidden and private. There is also inside laundry. Centrally located close to restaurants, shopping, freeways, and colleges. Near Old Towne Pasadena, PCC, Caltech, Paseo Colorado and the Kaiser Permanente Medical School. Seller is Motivated! Bring your Offers! This will go quick! When you arrive to the property, the gate access is on the north side of the property, walk to the courtyard and the unit is at the end on the left. This community was newly built in 2003. Not a remodel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 85% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,340 | 1,183 | 69% |
| Lot Size | 17,474 | 17,451 | 51% |
| Price | $899.0K | $690.0K | 85% |
| Price per sq ft | $671 | $610 | 74% |
| Built year | 2003 | 1973 | 92% |
| HOA | $400.0 | $530 | 15% |
| Days on market | 12 | 160 | 3% |
Jun 2, 2026
$899,000
Initial Listing
Feb 22, 2019
$675,000
Public Record
Jul 27, 2004
$497,000
Public Record
Jun 20, 2003
$395,000
Public Record