497 S El Molino 106, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 2 bath
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Pasadena, California 91101
This Renovated Pasadena Condominium is a Strong Value Opportunity, listed at $588,800—positioned well below the $635,290 Fair Market Value by 7%. This valuation gap offers $46,490 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the residence features a remodeled kitchen with stainless steel appliances, designer paint, and a secluded patio. Located near Cal Tech within the Pasadena Unified district, the home provides gated security and two parking spaces. This is a premier acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 497 S El Molino 106 Subject | $588,800* List Price | 2 | 2 | 968 | $656 | - |
A 277 Pleasant St Street 201 Sold | $532,000 | 1 | 2 | 882 | $603 | 0.4 mi |
B 360 S Euclid Avenue 124 Sold | $548,000 | 2 | 2 | 951 | $576 | 0.3 mi |
C 111 S Oak Knoll Avenue 109 Sold | $705,000 | 2 | 3 | 940 | $750 | 0.5 mi |
D 360 S Euclid Avenue 125 Sold | $470,000 | 1 | 1 | 675 | $696 | 0.3 mi |
E 501 E Del Mar Boulevard 206 Sold | $760,000 | 2 | 2 | 1,162 | $654 | 0.3 mi |
F 420 S Madison 304 Active | $575,000 List Price | 1 | 2 | 983 | $585 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although the building was constructed in 1972, the unit has undergone an extensive recent renovation within the last 5 years. It features a fully remodeled kitchen with new stainless steel appliances, updated flooring, fresh designer paint, and modernized bathrooms, meeting the criteria for excellent condition with no deferred maintenance.
Situated in a highly desirable area, the property offers exceptional proximity to Old Town Pasadena, the Lake Avenue Shopping District, Cal Tech, and Pasadena City College.
The unit features a fully renovated kitchen with stainless steel appliances, new flooring, and fresh designer paint, providing a contemporary, move-in-ready aesthetic.
The residence includes two dedicated parking spaces and gated access, offering rare convenience and enhanced peace of mind for an urban condominium.
The monthly HOA fee of $658 is relatively high for a sub-1,000 square foot unit, which may impact the overall affordability and debt-to-income ratio for buyers.
Constructed in 1972, the building may require ongoing maintenance or future assessments for aging infrastructure and common areas compared to newer developments.
Welcome to 497 S. El Molino Ave #106, a beautifully reimagined residence in one of Pasadena’s most desirable locations. This sophisticated 2-bedroom, 2-bathroom condo offers natural light throughout and it's own secluded patio. The home features new flooring, fresh designer paint, and a fully renovated kitchen that include stainless steel appliances. Additional highlights include extra security with gated access and 2 dedicated parking spaces. Residents enjoy the peaceful atmosphere of a quiet community while being just minutes from the vibrant dining and cultural destinations of Old Town Pasadena, Lake Ave Shopping District, Cal Tech and Pasadena City College. Don't miss out on this is a rare opportunity to own this one of a kind home while it lasts! **Please note that some photos have been virtually staged**
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 | 968 | 1,150.5 | 36% |
| Lot Size | 25,757 | 21,557 | 61% |
| Price | $588.8K | $888.5K | 20% |
| Price per sq ft | $608 | $711 | 21% |
| Built year | 1972 | 1998 | 18% |
| HOA | $658.0 | $632 | 59% |
| Days on market | 42 | 182 | 5% |
Mar 11, 2026
$588,800
Initial Listing
Nov 10, 2021
$515,000
Public Record
Mar 15, 2019
$450,000
Public Record
Aug 24, 2017
$450,000
Public Record
Apr 1, 2003
$200,000
Public Record
May 30, 2000
$123,000
Public Record