85 N Madison Avenue 23
Pasadena, CA, 91101
$445,000
MLS: P1-26406
Beds
0
Baths
1
Sq Ft
472
Lot
0.30 ac
Year Built
1922
MLS #
P1-26406
Days on Market
22
Listed
Mar 24, 2026
Description
The Barcelona is located in the Playhouse District of Pasadena and convenient to a myriad of shopping and dining options! It was built in 1922 designed with charming Spanish Architectural details by Walter Follard. This charming unit is at the end so light streams in through its many windows. The open floorpan with high ceilings features the original windows, hardwood flooring, picture molding and custom cabinetry. The bright kitchen has been stylishly remodeled featuring Shaker style wood cabinetry with glass doors on the upper cabinets and quartz countertops. Most importantly you have your own laundry with a combination washer/dryer unit tucked under the countertop! A custom built-in extends into the dining area and cleverly disguises the refrigerator while also offering abundant storage. The bathroom has been remodeled as well using classic finishes that are elegant and dynamic. The HOA conveniently includes utilities as well as a 6'x4' storage space. The Barcelona is a unique building that has earned Historical status and as such, benefits from the Mills Act which offers a significant discount for your property taxes.
Location
Pasadena, Los Angeles County, CA 91101
Open on Google Maps ↗Listed by: Cariy Hernandez · Keller Williams Realty
Payment estimate
$3,391
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $44,500 · Loan: $400,500
- Principal & Interest
- $2,461
- Property tax (1.25%)
- $464
- Homeowners insurance
- $300
- Mortgage insurance
- $167
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 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 $15,575 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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