284 S Madison, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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Pasadena, California 91101
This Spacious Single-Story Condo is a Strong Value Opportunity, listed at $649,900—positioned well below the $689,035 Fair Market Value by 5%. This valuation gap offers $39,135 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers modern updates like custom tile work and a versatile bonus den. With a Walk Score of 89 and access to a sparkling pool, this property is an ideal fit for Owner-Occupants seeking urban convenience or first-time buyers prioritizing location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 284 S Madison Subject | $649,900* List Price | 2 | 2 | 1,172 | $588 | - |
A 420 S Madison 304 Sold | $565,000 | 1 | 2 | 983 | $575 | 0.2 mi |
B 507 S Marengo Avenue 4 Sold | $757,000 | 2 | 3 | 1,170 | $647 | 0.6 mi |
C 625 E Del Mar Sold | $784,000 | 2 | 2 | 1,168 | $671 | 0.0 mi |
D 300 N El Molino Avenue 118 Sold | $645,000 | 2 | 2 | 982 | $657 | 0.7 mi |
E 360 S Euclid Avenue S 219 Sold | $500,000 | 2 | 2 | 1,040 | $481 | 0.3 mi |
F 360 S Euclid Avenue 124 Sold | $548,000 | 2 | 2 | 951 | $576 | 0.3 mi |
G 395 S Oakland Avenue 104 Pending | $699,000 List Price | 2 | 2 | 1,213 | $576 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1962, the unit has undergone significant renovations within the 5-15 year range. The kitchen features updated custom tile work and stainless steel appliances, and the bathrooms have been modernized with glass tiles and vessel sinks. The property is well-maintained and move-in ready, though some dated elements like popcorn ceilings persist.
Boasting a Walk Score of 89, this property is perfectly positioned near Old Town Pasadena, the South Lake Shopping District, and Caltech, offering unparalleled access to dining and transit.
The unit features an enclosed bonus den not included in the official square footage, providing flexible space for a home office, exercise studio, or guest room.
The HOA dues are highly inclusive, covering essential utilities like electricity and water, as well as fire and earthquake insurance, simplifying monthly budgeting for the owner.
The combined HOA and utility fee totals over $1,000 per month, which may be a deterrent for budget-conscious buyers or those sensitive to high fixed monthly expenses.
With only one dedicated parking space for a two-bedroom unit, multi-car households may find the arrangement inconvenient in this high-density urban area.
Location, location and location with a Walkable score of 89. Welcome to this spacious single story condo located in the Odyssey building with just 16 units. Ideally situated just moments from Old Town, South Lake Shopping District, Paseo Colorado, Hilton, Caltech, Pasadena City College and just 3 minutes to Del Mar Station (A Line). Blending classic architectural character with modern updates, this home presents an amazng opportunity for refined urban living in one of Pasadena's most vibrant neighborhoods. An expansive, open floor plan connects the large living and dining areas to a versatile, enclosed bonus den not included in the total sqft. Whether you envision a dedicated home office, a private game room, an exercise studio, or extra space for entertaining, this flexible room adapts to your needs. The updated kitchen features custom tile work, while the bathrooms boast sleek glass tiles, double vessel sinks, and modern fixtures. Both bedrooms offer excellent closet space, and the unit includes a convenient laundry closet with a side-by-side washer and dryer. Enjoy ultimate peace of mind with a fully gated building and secure, gated subterranean parking. The unit includes one dedicated parking space situated just a few short steps from the elevator along with two private storage units. Community perks include a sparkling pool and a relaxing patio area equipped with barbecue facilities. Offering incredible value, the comprehensive HOA dues cover electricity, hot/cold water, trash, fire and earthquake insurance. HOA due is $806 plus a utility fee of $282 per month covering all of your electricity usage
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 | 1,172 | 1,168 | 54% |
| Lot Size | 13,312 | 18,730.801 | 39% |
| Price | $649.9K | $878.0K | 21% |
| Price per sq ft | $555 | $709 | 5% |
| Built year | 1962 | 1993 | 7% |
| HOA | $806.0 | $641 | 82% |
| Days on market | 10 | 153 | 4% |
May 28, 2026
$649,900
Initial Listing
May 15, 1996
$75,000
Public Record