297 S Madison Avenue 5
Pasadena, CA, 91101
$639,000
MLS: P1-27503
Beds
2
Baths
1
Sq Ft
1,198
Lot
0.55 ac
Year Built
1949
MLS #
P1-27503
Days on Market
8
Listed
Jun 8, 2026
Description
Thoughtfully curated, this top-floor end-unit condominium offers a rare blend of vintage character, abundant natural light and meaningful modern improvements in Pasadena's Playhouse Village district. Set within a charming Lionel Mayell created 1949 building, the residence enjoys windows on three sides, creating an airy and inviting atmosphere throughout the day. Original hardwood floors, hand selected custom lighting fixtures and carefully chosen finishes complement a renovated kitchen featuring natural quartzite countertops, designer tile backsplash, butcher block dining counter and Bosch + Whirlpool appliances. The open-plan living and dining area provides comfortable space for both everyday living, entertaining, and even work-from-home options. The spacious bedrooms provide abundant storage and warm light, one of which highlights CW Stockwell Martinique wallpaper, made famous by its use at the Beverly Hills Hotel, and period style Schoolhouse Electric lighting. The recently renovated bathroom reflects a thoughtful balance of period charm and updated design with a curated selection of new tile and a refinished tub. The 2025 addition of a fully permitted in-unit LG washer and dryer adds a level of convenience not commonly found in buildings of this era. Additional improvements include a Mitsubishi mini-split heating and air conditioning system, enhancing year-round comfort. A Juliet balcony overlooks the energy of the neighborhood, while a private exterior entry balcony and additional storage contribute to the home's everyday functionality. Just moments from Lake Avenue, Trader Joe's, Erewhon, countless dining, shopping and cultural destinations, plus 1 1/2 blocks to the legendary Pasadena Playhouse, this residence offers a rare opportunity to enjoy the energy, convenience and architectural richness that make Playhouse Village one of Pasadena's most sought-after neighborhoods, all while living in a thoughtfully updated condo that is part of the city's notable history.
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: E. Lee Bothast · Coldwell Banker Realty
Payment estimate
$5,596
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $63,900 · Loan: $575,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,643
- Property tax (1.25%)
- $666
- Homeowners insurance
- $300
- Mortgage insurance
- $240
- HOA dues
- $748
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 $22,365 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
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