Under ContractCondominium

420 S Madison 304

Pasadena, CA, 91101

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$575,000

MLS: AR26040485

Beds

1

Baths

2

Sq Ft

983

Lot

1.15 ac

Year Built

1970

MLS #

AR26040485

Days on Market

54

Listed

Feb 24, 2026

Description

This turnkey, top-level 1-bed, 2-bath condominium is located in a prime Pasadena location in close proximity to the South Lake Ave business district, Old Pasadena, Cal Tech, PCC, the 210 & 110 FWYs. Located on the 3rd floor (no one above you), this unit has recently been remodeled with brand new flooring, paint, and kitchen appliances. Enter into the spacious living area with a cozy fireplace, adjacent dining area, and large balcony. There is a large utility/storage closet just inside the entrance, as well. The kitchen has an abundance of cabinetry and a brand new double-oven, electric range, range hood and dishwasher. At the rear of the kitchen is a large walk-in pantry. The hallway has a powder room for guests and additional storage in the hallway closets. The large primary suite has an attached full bathroom and plenty of closet space. This well-maintained HOA complex features gated subterranean parking, a large community laundry room, common area landscaping, patio areas, and a sparkling pool & spa. The premier parking space for this unit is oversized and directly next to the elevators, for extra convenience. Why pay rent, when you could own this fabulous condominium with low maintenance in a convenient location?

Location

Pasadena, Los Angeles County, CA 91101

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Listed by: Dean Griffith · Coldwell Banker Realty

Payment estimate

$4,294

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $57,500 · Loan: $517,500

%
Principal & Interest
$3,180
Property tax (1.25%)
$599
Homeowners insurance
$300
Mortgage insurance
$216
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

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 $20,125 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

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