85 N Madison Avenue 23, Pasadena, California 91101, Pasadena, 91101 - 0 bed, 1 bath
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Pasadena, California 91101
This Historic Spanish-style Condominium is listed at $475,000, aligning perfectly with its $475,208 Fair Market Value. Boasting an Excellent Condition Rating, the unit features a high-end remodeled kitchen with quartz countertops and a designer bathroom, preserving 1920s charm like original hardwood floors. Located in the vibrant Playhouse District, the property benefits from the Mills Act, offering significant property tax savings. This turnkey residence is a sophisticated choice for urban professionals or first-time buyers seeking a historic, low-maintenance sanctuary in the heart of Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 85 N Madison Avenue 23 Subject | $445,000* List Price | 0 | 1 | 472 | $956 | - |
A 300 N El Molino #312 Active | $439,000 List Price | 0 | 1 | 450 | $976 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1922, this unit has undergone an extensive and high-end recent renovation. The kitchen features modern Shaker-style cabinetry, quartz countertops, and integrated appliances, while the bathroom has been completely remodeled with premium marble-look tiling and contemporary fixtures. The original hardwood floors are beautifully refinished, and the overall interior quality meets the highest standards with no visible deferred maintenance.
The building's historical status grants owners significant property tax savings through the Mills Act, a major financial advantage for long-term ownership.
This end-unit features high-end kitchen and bathroom remodels while preserving 1920s architectural details like original hardwood floors, picture molding, and high ceilings.
Boasting a high walkability factor, the property is located in the heart of Pasadena, providing immediate access to premier shopping, dining, and cultural landmarks.
At only 472 square feet, the compact living space may limit the buyer pool to individuals or those seeking a secondary urban residence.
The $603 monthly association fee is relatively high for a studio unit, which may affect the debt-to-income ratio for some prospective buyers.
The Barcelona is located in the Playhouse District of Pasadena and convenient to a myriad of shopping and dining options! It was built in 1922 designed with charming Spanish Architectural details by Walter Follard. This charming unit is at the end so light streams in through its many windows. The open floorpan with high ceilings features the original windows, hardwood flooring, picture molding and custom cabinetry. The bright kitchen has been stylishly remodeled featuring Shaker style wood cabinetry with glass doors on the upper cabinets and quartz countertops. Most importantly you have your own laundry with a combination washer/dryer unit tucked under the countertop! A custom built-in extends into the dining area and cleverly disguises the refrigerator while also offering abundant storage. The bathroom has been remodeled as well using classic finishes that are elegant and dynamic. The HOA conveniently includes utilities as well as a 6'x4' storage space. The Barcelona is a unique building that has earned Historical status and as such, benefits from the Mills Act which offers a significant discount for your property taxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 7% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 472 | 1,150.5 | 2% |
| Lot Size | 13,130 | 20,058.9 | 32% |
| Price | $445.0K | $888.5K | 4% |
| Price per sq ft | $943 | $732 | 75% |
| Built year | 1922 | 1998 | 2% |
| HOA | $603.0 | $623 | 41% |
| Days on market | 29 | 182 | 4% |
Apr 8, 2026
$445,000
$475,000
-6% Price Drop
Initial Listing
Mar 24, 2026
$475,000
Initial Listing
Aug 30, 2022
$370,000
Public Record
Jun 15, 1995
$30,000
Public Record