266 S Madison Avenue 308, Pasadena, California 91101, Pasadena, 91101 - 1 bed, 2 bath
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266 S Madison Avenue 308
Pasadena, California 91101
ACTIVE
CONDITION: FAIR
1Beds
2Baths
970Sq Ft
0Lot Size
Property Price
LIST PRICE$519,000
EST. MARKET VALUE
$521,244
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $519,000—positioned slightly above the $514,016 Fair Market Value. While the property lacks an equity gap, its Condition Rating of 4 and fresh interior paint provide a stable, move-in ready foundation. Featuring a spacious 970 sqft layout with a rare two-bathroom configuration and an oversized private balcony, the unit offers significant lifestyle utility. Located in the heart of Pasadena, this home is an ideal acquisition for first-time buyers or owner-occupants seeking a low-maintenance, walkable urban lifestyle.
Estimated Market Value
$521,244
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 |
|---|---|---|---|---|---|---|
★ 266 S Madison Avenue 308 Subject | $519,000* List Price | 1 | 2 | 970 | $537 | - |
A 360 S Euclid Avenue 116 Sold | $585,000 | 2 | 3 | 927 | $631 | 0.3 mi |
B 355 S Marengo Avenue 402 Sold | $592,000 | 2 | 2 | 973 | $608 | 0.5 mi |
C 420 S Madison 304 Sold | $565,000 | 1 | 2 | 983 | $575 | 0.2 mi |
D 355 S Madison Avenue 310 Sold | $440,000 | 1 | 1 | 686 | $641 | 0.1 mi |
E 355 S Madison 212 Sold | $442,000 | 1 | 1 | 679 | $651 | 0.1 mi |
F 284 S Madison Sold | $655,000 | 2 | 2 | 1,347 | $486 | 0.0 mi |
G 221 S Oak Knoll Avenue 202 Sold | $650,000 | 2 | 2 | 1,250 | $520 | 0.1 mi |
H 317 E Del Mar Sold | $578,000 | 2 | 2 | 1,046 | $553 | 0.3 mi |
I 355 S Los Robles Avenue 339 Active | $559,000 List Price | 2 | 2 | 927 | $603 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is 50 years old (built 1974) and while the description notes it is freshly painted and move-in ready, the kitchen and bathrooms are significantly dated. The kitchen features original-style cabinetry, older laminate counters, and a fluorescent drop-ceiling, placing the interior updates well beyond the 20-year mark.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the heart of Pasadena, the property offers exceptional proximity to South Lake Avenue, Old Pasadena, and the Playhouse District, providing residents with immediate access to premier dining, shopping, and transit.
- Spacious & Functional Layout
With 970 square feet of living space, this unit features a rare two-bathroom configuration for a one-bedroom home and an oversized private balcony, offering a sense of scale and utility often missing in standard condominiums.
- Move-In Ready Condition
The interior has been freshly painted to create a bright, welcoming atmosphere, allowing for immediate occupancy and providing a clean canvas for the new owner's personal touches.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 970, other record living area = 910.
- Aging Infrastructure
Constructed in 1974, the building may lack the modern energy-efficient systems and contemporary architectural features found in newer luxury developments in the area.
- Lack of Scenic Views
The property is listed as having no specific view, which may be a disadvantage for buyers prioritizing the panoramic mountain or city vistas often sought after in Pasadena multi-story residences.
About 266 S Madison Avenue 308
Freshly painted and move-in ready, this inviting one bedroom, two bath condominium offers an ideal blend of comfort, convenience, and Pasadena charm. Thoughtfully designed with an open, functional layout, the spacious living and dining areas flow seamlessly to an oversized private balcony; an extension of the home that's perfect for morning coffee, dining outdoors, or simply unwinding at the end of the day. The generous primary suite provides a peaceful retreat with ample closet space and an en-suite bath, while the second full bathroom offers added convenience for guests and everyday living. Fresh interior paint creates a bright, welcoming feel throughout, providing a clean canvas that's ready to make your own.Just moments from South Lake Avenue, Old Pasadena, and the Playhouse District, you'll have some of Pasadena's best restaurants, cafes, boutiques, and entertainment practically at your doorstep. Spend weekends exploring local farmers markets, enjoying nearby parks, or taking advantage of easy access to Caltech, Huntington Hospital, the Metro Gold Line, and major freeways. Whether you're looking for your first home, a convenient pied-a-terre, or a low-maintenance lifestyle in one of Pasadena's most desirable neighborhoods, this home offers the perfect place to enjoy everything the city has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $470.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 970 | 1,199.529 |
| Lot Size | - | 34,835.592 |
| Price | $519.0K | $778.0K |
| Price per sq ft | $535 | $641 |
| Built year | 1974 | 1979 |
| HOA | $470.0 | $631 |
| Days on market | 40 | 55 |
Pricing History
Listed for Sale
Jul 31, 2026
$519,000
Initial Listing