497 S El Molino Avenue 205
Pasadena, CA, 91101
$558,000
MLS: AR26155200
Beds
2
Baths
2
Sq Ft
969
Lot
0.59 ac
Year Built
1972
MLS #
AR26155200
Days on Market
23
Listed
Jul 16, 2026
Description
HOA fee includes electricity, gas, water, trash, facility maintenance, and earthquake insurance, providing exceptional value and low maintenance living. Welcome to this move in ready 2 bed 2 bath condo, ideally situated on a quiet, tree-lined street in the heart of Pasadena, adjacent to the highly desirable Madison Heights neighborhood. Offering a bright and functional floor plan, this inviting home combines tasteful upgrades with an unbeatable central location. The spacious living room features a cozy fireplace, abundant natural light from its sunny southern exposure, and flows seamlessly into the dining area. The kitchen showcases white shaker cabinetry, stylish countertops, and is equipped with stainless steel appliances including a stove, dishwasher, refrigerator, and beverage fridge. The generous primary suite offers two large closets and a private ensuite bathroom, while the well sized second bedroom is filled with natural light from a large sliding glass door. Both bedrooms enjoy direct access to a private balcony overlooking mature palm trees with picturesque views of the San Gabriel Mountains. The updated hallway bathroom features a modern vanity with storage, recessed lighting, and a beautifully finished glass enclosed shower. Additional highlights include central heating and air conditioning with a smart thermostat. This unit comes with 1 assigned parking spot in the gated underground garage. The community offers onsite laundry facilities with brand new laundry machines, a community BBQ area with patio seating, and beautifully maintained common areas. Conveniently located from the 210 and 110 freeways, South Lake Avenue, Old Town Pasadena, the Playhouse District, Caltech, the Metro A Line, and countless shopping, dining, and entertainment destinations. This turnkey residence presents an outstanding opportunity to enjoy the very best of Pasadena living.
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: David Wang · Pinnacle Real Estate Group
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
$4,985
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $55,800 · Loan: $502,200
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,237
- Property tax (1.25%)
- $581
- Homeowners insurance
- $300
- Mortgage insurance
- $209
- HOA dues
- $657
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
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 $19,530 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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