601 S El Molino Avenue, Pasadena, California 91106, Pasadena, 91106 - 2 bed, 3 bath
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Pasadena, California 91106
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $795,000—positioned well below the $867,945 Fair Market Value by 8%. This valuation gap offers $72,945 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a Granite Kitchen, dual primary suites, and secure side-by-side parking. Located in the prestigious Madison Heights neighborhood, this property is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused residence or Buy-and-Hold Investors targeting high-demand Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 S El Molino Avenue Subject | $795,000* List Price | 2 | 3 | 1,431 | $607 | - |
A 640 S Lake Avenue 105 Sold | $855,000 | 2 | 3 | 1,514 | $565 | 0.3 mi |
B 1000 E California Boulevard E 204 Sold | $849,000 | 2 | 3 | 1,345 | $631 | 0.4 mi |
C 497 E California Boulevard 318 Sold | $878,000 | 3 | 3 | 1,421 | $618 | 0.2 mi |
D 497 E California Boulevard 119 Sold | $707,000 | 2 | 2 | 1,184 | $597 | 0.2 mi |
E 235 S Holliston Avenue 217 Sold | $749,000 | 2 | 2 | 1,275 | $587 | 0.9 mi |
F 1000 Cordova Street 308 Sold | $660,000 | 2 | 2 | 1,199 | $550 | 0.6 mi |
G 601 E California Boulevard 306 Sold | $725,500 | 2 | 2 | 1,183 | $613 | 0.1 mi |
H 1000 Cordova Street 101 Sold | $665,000 | 2 | 2 | 1,222 | $544 | 0.6 mi |
I 497 E California Boulevard 203 Active | $749,000 List Price | 2 | 2 | 1,226 | $611 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1979, the interior shows signs of a 5-15 year renovation including granite countertops, recessed lighting, crown molding, and updated flooring. The unit is well-maintained, features central HVAC, and is in move-in ready condition.
Situated in the prestigious Madison Heights neighborhood, the property offers exceptional walkability to Caltech and the upscale dining and retail options on Lake Avenue, including Erewhon and Uovo.
The thoughtfully designed layout features two spacious primary bedrooms with en-suite baths and a versatile open den, providing an ideal setup for a home office, media lounge, or guest space.
The unit includes secured underground side-by-side parking for two vehicles, a highly desirable feature that avoids the inconvenience of tandem parking common in many area condominiums.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The property is noted as having no significant views, which may be a drawback for buyers seeking aesthetic outlooks or natural scenery from their living spaces.
Built in 1979, the building may lack the contemporary architectural style and the extensive modern amenity packages found in newer luxury developments within the Pasadena market.
Located in the Madison Heights neighborhood, this charming townhome offers comfort, convenience, and flexible living space. The thoughtfully designed layout includes two spacious primary bedrooms, each with their own en-suite baths, separated by an open den that can easily serve as a home office, media lounge, or guest sleeping area. The main living space features an inviting fireplace, granite countertops, built-in appliances, and central air conditioning. The in-unit laundry room adds everyday convenience, while secured underground parking offers side-by-side spaces for two vehicles. Within close proximity to Caltech and Lake Ave. with all of its restaurants and local shops including Erewhon and Uovo.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,431 | 1,183 | 82% |
| Lot Size | 12,203 | 15,629 | 49% |
| Price | $795.0K | $690.0K | 74% |
| Price per sq ft | $556 | $598 | 36% |
| Built year | 1979 | 1973 | 56% |
| HOA | $430.0 | $530 | 26% |
| Days on market | 5 | 162 | 3% |
Jun 11, 2026
$795,000
Initial Listing
May 27, 2005
$565,000
Public Record