420 S Madison Avenue 112, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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Pasadena, California 91101
This Spacious Condominium represents a High-Potential Investment Opportunity, listed at $719,000—positioned well below the $741,767 Fair Market Value by 3%. This valuation gap offers $22,767 in Instant Equity for the buyer. While the unit features a Condition Rating of 4, the dated kitchen and baths provide a clear path for value-add modernization. With subterranean parking and a pool and spa, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a prime Pasadena location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 S Madison Avenue 112 Subject | $719,000* List Price | 2 | 2 | 1,305 | $568 | - |
A 420 S Madison 304 Sold | $565,000 | 1 | 2 | 983 | $575 | 0.0 mi |
B 395 S Oakland Avenue 104 Sold | $750,000 | 2 | 2 | 1,213 | $618 | 0.1 mi |
C 330 Cordova Street 268 Sold | $830,000 | 2 | 2 | 1,407 | $590 | 0.4 mi |
D 128 N Oak Knoll Avenue 202 Sold | $739,000 | 2 | 2 | 1,110 | $666 | 0.7 mi |
E 330 Cordova Street 332 Sold | $930,000 | 2 | 3 | 1,592 | $584 | 0.4 mi |
F 515 S Madison Avenue 2 Sold | $855,000 | 2 | 3 | 1,373 | $623 | 0.1 mi |
G 355 S Los Robles Avenue 339 Active | $599,000 List Price | 2 | 2 | 927 | $646 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1970 and, while it features new paint and carpet, the kitchen and bathrooms are significantly dated (likely 30+ years old) with original-style cabinetry and tile. It is functional and move-in ready but requires modernization of major systems and wet areas to meet current standards.
Situated near the South Lake shopping district, Old Town Pasadena, and Caltech, this property offers exceptional walkability and easy access to the A Line metro for convenient commuting.
At 1,305 square feet, this one-level floor plan provides a spacious interior with extensive storage and rare side-by-side subterranean parking, which is a significant value-add for the area.
The unit features fresh paint and new carpeting throughout, offering a clean and updated aesthetic that allows for immediate occupancy without the need for initial renovations.
The unit lacks in-unit laundry hookups, requiring residents to use the complex's shared laundry room, which may be a drawback for buyers seeking modern convenience.
The property is noted as having no view and is located on the first floor, which may result in less natural light and reduced privacy compared to higher-level units.
This one level condominium, just north of Madison Heights is spacious and has extensive storage. It boasts two bedrooms and two bathrooms along with a living room with sliding glass doors that lead to a small balcony, and a dining room with built in shelving. Perfectly placed for the person who wants to get the most out of their city, this condo is near the South Lake shopping district, Old Town Pasadena, Caltech, Art Center, and Pasadena City College. It has easy access to the A Line metro (and in turn, easy access to Downtown LA and all it has to offer!), while still being a quiet and relaxed neighborhood. The kitchen comes with stove, refrigerator, and ample cupboards. The paint and carpet are new. The complex has a pool and spa, two subterranean parking spaces (side by side), on site laundry room, and much more. This mix of amenities and proximities makes it easy to balance the needs of any buyer. Show today!
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 | 1,305 | 1,153.5 | 67% |
| Lot Size | - | 18,730.801 | 29% |
| Price | $719.0K | $869.5K | 29% |
| Price per sq ft | $551 | $709 | 5% |
| Built year | 1970 | 1991 | 14% |
| HOA | $470.0 | $632 | 17% |
| Days on market | 4 | 165 | 3% |
Jun 2, 2026
$719,000
Initial Listing
Oct 9, 1998
$145,000
Public Record