300 N El Molino 316, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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Pasadena, California 91101
This Turnkey Condominium is a Prime Investment Opportunity, listed at $625,000—positioned well below the $643,367 Fair Market Value by 2%. This valuation gap offers $18,367 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this top-floor unit includes a Granite Kitchen, Dual-Primary Suites, and Side-by-Side Parking. Located in the heart of the Playhouse District, it offers a resort-style lifestyle with a pool and spa. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate comfort.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 N El Molino 316 Subject | $599,999* List Price | 2 | 2 | 982 | $633 | - |
A 300 N El Molino Avenue 118 Sold | $645,000 | 2 | 2 | 982 | $657 | 0.0 mi |
B 317 E Del Mar Sold | $578,000 | 2 | 2 | 1,046 | $553 | 0.8 mi |
C 420 S Madison 304 Sold | $565,000 | 1 | 2 | 983 | $575 | 0.9 mi |
D 221 S Oak Knoll Avenue 202 Sold | $650,000 | 2 | 2 | 1,250 | $520 | 0.6 mi |
E 156 S Oak Knoll Avenue 101 Sold | $665,000 | 2 | 2 | 847 | $785 | 0.6 mi |
F 500 E Del Mar Boulevard 12 Sold | $739,000 | 2 | 2 | 1,038 | $712 | 0.8 mi |
G 355 S Marengo Avenue 402 Sold | $592,000 | 2 | 2 | 973 | $608 | 1.0 mi |
H 128 N Oak Knoll Avenue 202 Sold | $739,000 | 2 | 2 | 1,110 | $666 | 0.2 mi |
I 300 N El Molino Active | $600,000 List Price | 2 | 2 | 1,035 | $580 | - |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1987, the unit is well-maintained and move-in ready with several key updates. The kitchen features granite countertops and stainless steel appliances, and the unit has newer carpeting and waterproof laminate flooring in the bathrooms. It functions well as a modern living space despite the building's age.
Situated in the heart of Pasadena’s sought-after Playhouse District, this property offers exceptional walkability to elite shopping, dining, the Metro Gold Line, and cultural landmarks like the Pasadena Playhouse.
As a top-floor end unit, this residence provides enhanced privacy with no neighbors above and features a highly desirable dual-primary suite layout, perfect for roommates or guests.
The inclusion of two side-by-side subterranean parking spaces is a rare and significant value-add in a high-density urban area where tandem or limited parking is the norm.
The association fee of $758.07 is relatively high for a unit under 1,000 square feet, which may impact the debt-to-income ratio for some buyers and increase overall carrying costs.
With only 982 square feet split between two suites, the living and dining areas may feel somewhat constrained for buyers looking for more expansive common areas.
LOCATION LOCATION! Welcome home to this RARE opportunity in the highly desirable private El Molino Terrace community, located in THE HEART Of Pasadena’s sought-after Playhouse District. This beautiful top-floor end unit features 2 spacious primary suites, each complete with its own private ensuite full bathroom and generous walk-in closet space. Enjoy a private balcony overlooking the serene community pool, spa, and courtyard. The bright and inviting open-concept floor plan offers 9-foot ceilings, elegant crown molding, and a spacious living area featuring a cozy gas fireplace with direct access to the covered balcony. The modern kitchen is appointed with granite countertops, stainless steel appliances, and the convenience of an in-unit stacked washer and dryer. Additional upgrades include newer carpeting throughout, ceramic tile flooring in the kitchen, and waterproof laminate flooring in the bathrooms. UNIT also INCLUDES 2 highly desirable SIDE BY SIDE subterranean PARKING SPACES. El Molino Terrace offers resort-style amenities including a sparkling pool, jacuzzi, barbecue area, fitness center, sauna, restrooms with showers, and a convenient bike storage room and extra coded security entry, PLUS INTERNET. Ideally located just blocks from Pasadena’s popular shopping, dining, and entertainment destinations including Famous Colorado Blvd, Lake Avenue shops, The Paseo, Pasadena Playhouse, Old Pasadena, Metro Gold Line access, and the 210 Freeway. A perfect combination of comfort, convenience, and Pasadena living at its finest!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 982 | 1,147 |
| Lot Size | 52,535 | 32,928.5 |
| Price | $600.0K | $802.4K |
| Price per sq ft | $611 | $651 |
| Built year | 1987 | 1973 |
| HOA | $758.07 | $620 |
| Days on market | 29 | 51 |
Jul 8, 2026
$599,999
$625,000
-4% Price Drop
Initial Listing
Jun 23, 2026
$625,000
Initial Listing
Apr 23, 2025
$644,500
Public Record
Jun 16, 2006
$510,000
Public Record
Sep 10, 2004
$415,000
Public Record