
Pasadena, California 91106
This Spacious Single-Level Condominium represents a Strong Value Opportunity, listed at $859,900—positioned well below the $876,939 Fair Market Value by 2%. This valuation gap offers $17,039 in Instant Equity. While the property maintains a Condition Rating of 4, it offers significant potential for cosmetic updates to modernize the interior. Featuring two private patios and a prime location near South Lake Avenue, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a well-located, value-add residence in Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 S Lake 203 Subject | $859,900* List Price | 2 | 3 | 1,460 | $601 | - |
A 640 S Lake Avenue 105 Sold | $855,000 | 2 | 3 | 1,514 | $565 | 0.0 mi |
B 1000 E California Boulevard E 204 Sold | $849,000 | 2 | 3 | 1,345 | $631 | 0.1 mi |
C 497 E California Boulevard 318 Sold | $878,000 | 3 | 3 | 1,421 | $618 | 0.5 mi |
D 1127 E Del Mar Sold | $650,000 | 2 | 2 | 1,363 | $477 | 0.5 mi |
E 1000 San Pasqual Street 41 Sold | $1,100,000 | 2 | 2 | 1,500 | $733 | 0.2 mi |
F 497 E California Boulevard 119 Sold | $707,000 | 2 | 2 | 1,184 | $597 | 0.5 mi |
G 601 E California Boulevard 306 Sold | $725,500 | 2 | 2 | 1,183 | $613 | 0.4 mi |
H 972 E California Boulevard 306 Sold | $660,000 | 2 | 2 | 1,104 | $598 | 0.1 mi |
I 960 San Pasqual Street Active | $698,800 List Price | 2 | 2 | 1,262 | $554 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property is well-maintained but significantly dated. While it features some upgrades like recessed lighting and crown molding, the bathrooms show older square tile work and fixtures, and the common areas feature dated wallpaper and wood paneling. It is functional and move-in ready but requires cosmetic updates to the kitchen and baths to meet modern standards.
Situated in the heart of Pasadena's South Lake District, the property offers unparalleled access to Caltech, high-end dining, and premium grocers like Erewhon and Trader Joe's.
With 1,460 square feet of living space, this unit features an expansive floor plan, three bathrooms, and two private patios, providing a house-like feel with the convenience of a condominium.
The association dues include rare earthquake insurance along with water, trash, and exterior maintenance, offering significant value and financial peace of mind for the owner.
At $800 per month, the HOA fees are relatively high, which may impact the debt-to-income ratio for some buyers and increase the overall carrying cost of the property.
The property is listed as having no specific views, which may be a disadvantage for buyers seeking the mountain or city vistas common in the Pasadena area.
This elegant and spacious single-level condominium offers two bedrooms, three bathrooms, and an exceptional location just moments from Pasadena's vibrant South Lake District. Designed for both comfortable everyday living and effortless entertaining, the home features an expansive living room with a custom-built fireplace, custom crown molding & recessed lighting throughout. The sliding glass doors open to one of two private patios, creating inviting indoor-outdoor living spaces. The generous dining area flows seamlessly into the well-appointed kitchen, which offers abundant cabinetry, a large pantry, and a charming breakfast area with a side door leading to the first patio. The thoughtfully designed floor plan includes two spacious bedrooms. The primary suite features dual closets, an en-suite bathroom, and sliding glass doors that open to the second private patio. The secondary bedroom is conveniently located near a three-quarter bathroom, while a separate powder room off the entry provides added convenience for guests. Additional amenities include an interior laundry area with a side-by-side washer and dryer, abundant storage throughout, and two assigned parking spaces. The HOA dues include water, trash, landscaping, exterior insurance, and earthquake insurance, offering exceptional value and peace of mind. Ideally situated near Caltech and the shops and restaurants of South Lake Avenue, this home is also just minutes from popular destinations including Erewhon, Trader Joe's, Pavilions, and numerous cafés and everyday conveniences. Offering an outstanding combination of space, comfort, and location, this is a wonderful opportunity to enjoy the very best of Pasadena living. Welcome home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,460 | 1,147 |
| Lot Size | 22,446 | 32,928.5 |
| Price | $859.9K | $802.4K |
| Price per sq ft | $589 | $651 |
| Built year | 1979 | 1973 |
| HOA | $800.0 | $620 |
| Days on market | 2 | 51 |
Jul 20, 2026
$859,900
Initial Listing