87 S Allen Avenue 205, Pasadena, California 91106, Pasadena, 91106 - 2 bed, 2 bath
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87 S Allen Avenue 205
Pasadena, California 91106
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,030Sq Ft
0Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$612,219
6% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $625,000—positioned well below the $636,976 Fair Market Value by 1.88%. This valuation gap offers $11,976 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit offers a functional split floor plan, in-unit laundry, and two parking spaces. Its proximity to Caltech and the Huntington Library ensures high rental demand, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, well-located Pasadena residence.
Estimated Market Value
$612,219+$37,219 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pasadena.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 87 S Allen Avenue 205 Subject | $575,000* List Price | 2 | 2 | 1,030 | $594 | - |
A 1097 Blanche Street 311 Sold | $733,000 | 2 | 2 | 1,025 | $715 | 0.8 mi |
B 77 N Michigan Avenue 1 Sold | $630,000 | 2 | 2 | 938 | $672 | 0.7 mi |
C 125 Allen 306 Sold | $560,000 | 2 | 2 | 1,147 | $488 | 0.3 mi |
D 235 S Holliston Avenue 211 Sold | $720,000 | 2 | 2 | 1,122 | $642 | 0.6 mi |
E 259 N Holliston Avenue 1 Sold | $570,000 | 2 | 2 | 1,018 | $560 | 0.7 mi |
F 1000 Cordova Street 101 Sold | $665,000 | 2 | 2 | 1,222 | $544 | 1.0 mi |
G 125 N Allen Avenue 115 Sold | $494,000 | 1 | 1 | 864 | $572 | 0.3 mi |
H 235 S Holliston Active | $745,000 List Price | 2 | 2 | 1,104 | $675 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1987, this condo is well-maintained and move-in ready. It features significant cosmetic updates including modern dark laminate flooring, neutral paint, and a subway tile backsplash in the kitchen. While the white appliances and cabinetry style are somewhat dated, the overall condition suggests a partial renovation within the last 5-15 years, meeting the criteria for functional, well-maintained living space.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Institutional Proximity
The property is ideally situated near Caltech, Pasadena City College, and the Huntington Library, offering exceptional access to world-class education and cultural landmarks.
- Optimal Privacy Layout
This top-floor, south-facing unit features a split floor plan with bedrooms on opposite sides, maximizing natural light and providing excellent privacy for residents or roommates.
- Essential Urban Conveniences
The inclusion of in-unit laundry and two assigned parking spaces adds significant value and convenience, which are highly sought-after features in this dense Pasadena neighborhood.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $799 is relatively high for the square footage, which may impact buyer affordability and overall debt-to-income ratios.
- Potential for Modernization
Dating back to 1987, the unit may require cosmetic or system updates to compete with newer developments and meet modern aesthetic preferences.
About 87 S Allen Avenue 205
Located in the heart of the city, this bright top-floor 2-bedroom, 2-bathroom condo offers a thoughtful layout and an unbeatable location. The south-facing home is filled with natural light throughout the day, while the smart floor plan places each bedroom and bathroom on opposite sides of the living area, ideal for privacy and flexible living. Additional highlights include in-unit laundry and two assigned parking spaces, a valuable convenience in this sought-after area.Situated near the Huntington Library and Gardens, Pasadena City College, and California Institute of Technology, and just moments from the Rose Parade route, this home offers exceptional access to culture, education, and iconic Pasadena events. A rare opportunity to enjoy top-floor living in one of the city's most desirable locations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1987
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $799.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,030 | 1,199.529 |
| Lot Size | - | 34,835.592 |
| Price | $575.0K | $778.0K |
| Price per sq ft | $558 | $641 |
| Built year | 1987 | 1979 |
| HOA | $799.0 | $631 |
| Days on market | 40 | 55 |
Pricing History
Listed for Sale
Aug 17, 2026
$575,000
$625,000
-8% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$625,000
Initial Listing
Sold
Oct 5, 2018
$529,000
Public Record
Sold
Mar 30, 2006
$462,000
Public Record
Sold
May 25, 2005
$407,000
Public Record