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

515 S Madison Avenue 2, Pasadena, California 91101 home-pic-0

515 S Madison Avenue 2

Pasadena, California 91101

ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
3Baths
1,373Sq Ft
13,227Lot Size

Property Price

LIST PRICE$869,000

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

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
75%
Square foot1,3731,133
70%
Lot Size13,22721,327.5
34%
Price$869.0K$899.5K
47%
Price per sq ft$633$751
27%
Built year19872004
39%
HOA$660.0$639
56%
Days on market142185
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

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