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266 South Madison Avenue, 308, Pasadena, CA 91101

$499K1bd · 2ba · 970 sqft
HOA $470/mo•Condominium•
Active
•43d on market•MLS# P1-28270

Property Description

Freshly painted and move-in ready, this inviting one bedroom, two bath condominium offers an ideal blend of comfort, convenience, and Pasadena charm. Thoughtfully designed with an open, functional layout, the spacious living and dining areas flow seamlessly to an oversized private balcony; an extension of the home that's perfect for morning coffee, dining outdoors, or simply unwinding at the end of the day. The generous primary suite provides a peaceful retreat with ample closet space and an en-suite bath, while the second full bathroom offers added convenience for guests and everyday living. Fresh interior paint creates a bright, welcoming feel throughout, providing a clean canvas that's ready to make your own. Just moments from South Lake Avenue, Old Pasadena, and the Playhouse District, you'll have some of Pasadena's best restaurants, cafés, boutiques, and entertainment practically at your doorstep. Spend weekends exploring local farmers markets, enjoying nearby parks, or taking advantage of easy access to Caltech, Huntington Hospital, the Metro Gold Line, and major freeways. Whether you're looking for your first home, a convenient pied-à-terre, or a low-maintenance lifestyle in one of Pasadena's most desirable neighborhoods, this home offers the perfect place to enjoy everything the city has to offer.

Features & Amenities

FeeBuilt 1974

Property Details

Land Type
Fee
Year Built
1974
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
None
Flooring
Carpet, Tile
City
Pasadena
Zip Code
91101
County
Los Angeles
Listed byCOMPASS, Teresa Fuller

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,523.22
Principal & Interest
Loan Amount
$399,200
Total Interest
$509,158
Total Payment Over 30 Years
$908,358
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

266 South Madison Avenue, 308, Pasadena, CA 91101

Pasadena · Condominium

$499K
Affordable Tier
Beds
1
Baths
2
Sqft
970
Lot
0 sqft
Year
1974
$/Sqft
$514
Pool: No✓
Spa: No✓
View: None✓

Listed 19.3% below the median closed sale of $618,000. Price per sqft ($514) is a 14% discount to closed comps ($600). Closed comps sold at 101% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $499K· $514/sqft
Total list price
Closed comps
vs closed median $618K
−$119K (−19.3%)
Active comps
vs active median $450K
+$49K (+10.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $512
+$2 (+0.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
277 Pleasant StreetPasadena19731288232,947$539$475,0003294
2386 Del Mar BlvdPasadena19731188559,244$508$450,0002789
2386 Del Mar BoulevardPasadena19731188359,244$487$430,0005389
2386 Del Mar BoulevardPasadena1973118850$469$415,0005488
1127 Del Mar BoulevardPasadena1967118440$555$468,0004585
Total: 5 · Average1.01.2875.850,478.333$511.6$447,60042.2
Median883$450,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
586 Orange GrovePasadena197710/01/202622961167,512$550,000$618,000$6431.126190
355 Los Robles AvenuePasadena197209/30/2026229270$559,000$559,000$6031.0012789
277 Pleasant StreetPasadena197309/21/2026221,10832,958$715,000$675,000$6090.943387
395 Cliff DrivePasadena196109/25/2026221,09420,611$750,000$730,000$6670.976286
601 Del Mar BoulevardPasadena196610/01/20261186023,666$399,000$409,000$4761.023786
Total: 5 · Average1.81.899061,186.75$598,200$598,200$599.6—64
Median961$618,000$618,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.