
Pasadena, California 91101
This Turnkey Condominium represents a Strong Value Opportunity, listed at $558,000—positioned well below the $590,000 Fair Market Value by 5%. This valuation gap offers $32,000 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit includes a modern kitchen, updated baths, and a private balcony with San Gabriel Mountain views. Its central Pasadena location provides a low-maintenance lifestyle, making it an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 497 S El Molino Avenue 205 Subject | $558,000* List Price | 2 | 2 | 969 | $609 | - |
A 420 S Madison 304 Sold | $565,000 | 1 | 2 | 983 | $575 | 0.1 mi |
B 420 S Madison Avenue 203 Sold | $640,000 | 1 | 2 | 1,043 | $614 | 0.1 mi |
C 277 Pleasant Street 102 Sold | $700,000 | 2 | 2 | 1,108 | $632 | 0.4 mi |
D 385 S Oakland Avenue 304 Sold | $685,000 | 2 | 2 | 1,209 | $567 | 0.2 mi |
E 277 Pleasant St Street 201 Sold | $532,000 | 1 | 2 | 882 | $603 | 0.4 mi |
F 317 E Del Mar Sold | $578,000 | 2 | 2 | 1,046 | $553 | 0.4 mi |
G 300 N El Molino Avenue 118 Sold | $645,000 | 2 | 2 | 982 | $657 | 0.9 mi |
H 297 S Madison Avenue 5 Sold | $700,000 | 2 | 1 | 1,198 | $584 | 0.2 mi |
I 497 S El Molino 106 Active | $579,000 List Price | 2 | 2 | 968 | $598 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While the building dates to 1972, the unit has undergone a recent comprehensive renovation (likely <5 years) featuring a modern kitchen with white shaker cabinetry and stainless steel appliances, updated bathrooms with contemporary vanities and glass enclosures, and updated systems including central HVAC with a smart thermostat.
The HOA fee includes electricity, gas, water, and earthquake insurance, providing significant monthly savings and simplified utility management for the owner.
Ideally situated near Madison Heights, South Lake Avenue, and Caltech, the property offers exceptional access to premier shopping, dining, and major transportation hubs.
This move-in ready unit features a remodeled kitchen with stainless steel appliances, updated bathrooms, and a private balcony with views of the San Gabriel Mountains.
The unit includes only one assigned parking space, which may be a challenge for two-resident households in a high-demand area like Pasadena.
The property relies on shared community laundry facilities rather than having private in-unit hookups, which may be a drawback for buyers prioritizing convenience.
HOA fee includes electricity, gas, water, trash, facility maintenance, and earthquake insurance, providing exceptional value and low maintenance living. Welcome to this move in ready 2 bed 2 bath condo, ideally situated on a quiet, tree-lined street in the heart of Pasadena, adjacent to the highly desirable Madison Heights neighborhood. Offering a bright and functional floor plan, this inviting home combines tasteful upgrades with an unbeatable central location. The spacious living room features a cozy fireplace, abundant natural light from its sunny southern exposure, and flows seamlessly into the dining area. The kitchen showcases white shaker cabinetry, stylish countertops, and is equipped with stainless steel appliances including a stove, dishwasher, refrigerator, and beverage fridge. The generous primary suite offers two large closets and a private ensuite bathroom, while the well sized second bedroom is filled with natural light from a large sliding glass door. Both bedrooms enjoy direct access to a private balcony overlooking mature palm trees with picturesque views of the San Gabriel Mountains. The updated hallway bathroom features a modern vanity with storage, recessed lighting, and a beautifully finished glass enclosed shower. Additional highlights include central heating and air conditioning with a smart thermostat. This unit comes with 1 assigned parking spot in the gated underground garage. The community offers onsite laundry facilities with brand new laundry machines, a community BBQ area with patio seating, and beautifully maintained common areas. Conveniently located from the 210 and 110 freeways, South Lake Avenue, Old Town Pasadena, the Playhouse District, Caltech, the Metro A Line, and countless shopping, dining, and entertainment destinations. This turnkey residence presents an outstanding opportunity to enjoy the very best of Pasadena living.
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 | 969 | 1,147 |
| Lot Size | 25,757 | 32,928.5 |
| Price | $558.0K | $802.4K |
| Price per sq ft | $576 | $651 |
| Built year | 1972 | 1973 |
| HOA | $657.49 | $620 |
| Days on market | 6 | 51 |
Jul 16, 2026
$558,000
Initial Listing
Sep 9, 2022
$550,000
Public Record
Nov 4, 2020
$439,000
Public Record