515 S Madison Avenue 2, Pasadena, California 91101, Pasadena, 91101 - 2 bed, 3 bath

515 S Madison Avenue 2
Pasadena, California 91101
Property Price
SUMMARY
Analysis of 515 S Madison Avenue 2, Pasadena, California 91101 is currently available with a list price of $869,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1987, this property is move-in ready and has been well-maintained with key updates. It features modern hardwood flooring, recessed lighting, and a kitchen equipped with stainless steel appliances and a breakfast bar. While not a brand-new renovation, the interior finishes and systems are functional and updated enough to exceed the 'fair' category.
PROSSTRENGTHS & OPPORTUNITIES
CONSRISKS & DEFICIENCIES
About 515 S Madison Avenue 2
Discover timeless charm and modern comfort in this beautifully maintained 3-bedroom, 3-bath Craftsman-style townhouse tucked away on a peaceful street near South Lake Avenue in Pasadena. This move-in ready home features an open-concept floor plan with rich hardwood floors, recessed lighting, and high ceilings that create an inviting, spacious atmosphere. The living room offers a cozy fireplace, patio access, and elegant shutters, seamlessly flowing into the dining area and bright kitchen with stainless steel appliances, range with ventilation, and breakfast bar seating. Upstairs, you’ll find two generous master suites with vaulted ceilings, ceiling fans, and oversized walk-in closets, each with private baths and thoughtful design details. A convenient laundry area sits between the bedrooms for added ease. On the lower level, a versatile bonus room is adjacent to a utility/basement area currently utilized as storage, offering excellent potential to be converted into an extra bathroom. Additional highlights include central A/C, attic storage, and a direct-access oversized 2-car garage. Perfectly situated near the Playhouse District, South Lake, and Old Town Pasadena, this home blends classic craftsmanship, comfort, and convenience in a truly prime Pasadena location you won’t want to miss.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- 13,227 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $660.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,373 | 1,133 | 70% |
| Lot Size | 13,227 | 21,327.5 | 34% |
| Price | $869.0K | $899.5K | 47% |
| Price per sq ft | $633 | $751 | 27% |
| Built year | 1987 | 2004 | 39% |
| HOA | $660.0 | $639 | 56% |
| Days on market | 142 | 185 | 34% |
Pricing History
Listed for Sale
Oct 29, 2025
$869,000
$889,000
-2% Price Drop
Initial Listing
Price Change
Oct 15, 2025
$889,000
Initial Listing


































