227 S Madison Avenue 304
Pasadena, CA, 91101
$749,000
Original list price: $799,000
MLS: P1-27749
Beds
2
Baths
3
Sq Ft
1,179
Lot
—
Year Built
1982
MLS #
P1-27749
Days on Market
29
Listed
Jun 24, 2026
Description
Welcome to this exceptional South Madison Avenue penthouse, ideally located in the highly desirable Pasadena Playhouse District between the South Lake Shopping District and Paseo Colorado. Tucked away on a tree-lined street, this south-facing unit offers abundant natural light, exceptional privacy with only one common wall, and two spacious balconies perfect for morning coffee, outdoor dining, and beautiful sunset views. The main level features a vaulted-ceiling living and dining area, kitchen, primary suite, second bedroom, and full bathroom with in-unit washer and dryer. The upstairs loft with rooftop balcony, closet, and powder room provides flexible space for a home office, guest accommodations, or additional living space. This well-maintained home includes a newer A/C unit with Nest thermostat, bamboo flooring throughout, marble fireplace, built-in living room cabinetry, custom closet organizers, plantation shutters, and balconies with electronic retractable awnings. The building offers excellent amenities including a recreation room, pool, jacuzzi, sauna, restrooms, and gym. Secure gated subterranean parking includes two side-by-side spaces and dedicated storage. Enjoy a central Pasadena lifestyle with easy access to Urth Caffe, the AC Hotel rooftop bar on Colorado Boulevard, Trader Joe's on Lake Avenue, Old Town Pasadena, the Gold Line, Caltech, and Pasadena City College. A rare opportunity to own a peaceful penthouse retreat in one of Pasadena's most sought-after neighborhoods.
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: Kathy Seuylemezian · Coldwell Banker Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,373
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $74,900 · Loan: $674,100
Average 30-yr fixed rate 6.66% as of Jul 30, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,332
- Property tax (1.25%)
- $780
- Homeowners insurance
- $300
- Mortgage insurance
- $281
- HOA dues
- $680
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jul 30, 2026
- 30-year fixed
- 6.66%
- 15-year fixed
- 6.04%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $26,215 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Pasadena, CA 91101 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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