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For sale
  • Listed by: Pinnacle Real Estate Group • David Wang • Contact: 626-310-2561
    Price cut: $20K (8/17)
    $538,000

    497 El Molino Ave #205, Pasadena, CA 91101

    2beds
    969sqft
    : 
    $4,270/mo
    Get pre-qualified
    Condominium
    Built in 1972
    -- sqft lot
    $534,700 Zestimate®
    $555/sqft
    $657/mo HOA

    What's special

    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.
    38 days
    |
    894
    |
    21
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    David Wang DRE #02152459 626-310-2561,

    Pinnacle Real Estate Group,

    Frank Wang DRE #01856585 626-272-0777,

    Pinnacle Real Estate Group

    Source: CRMLS,MLS#: AR26155200MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Rooms
      • Room types: Living Room, Primary Bathroom, Primary Bedroom, Dining Room
      Primary bedroom
      • Features: Primary Suite
      Bathroom
      • Features: Bathtub, Separate Shower
      Kitchen
      • Features: Quartz Counters, Remodeled, Updated Kitchen
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Gas Range, Refrigerator
      • Laundry: Common Area
      Features
      • Balcony, Separate/Formal Dining Room, Quartz Counters, Primary Suite
      • Flooring: Carpet, Laminate
      • Has fireplace: Yes
      • Fireplace features: Living Room
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total interior livable area: 969 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Assigned, One Space
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Patio & porch: None
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: Peek-A-Boo
      Lot
      • Size: 0.59 Acres
      Details
      • Parcel number: 5734019033
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Condition
      • Turnkey
      • New construction: No
      • Year built: 1972

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Sidewalks, Gated
      • Security: Carbon Monoxide Detector(s), Security Gate, Gated Community, Smoke Detector(s)
      HOA
      • Has HOA: Yes
      • Amenities included: Electricity, Gas, Maintenance Grounds, Insurance, Barbecue, Pet Restrictions, Trash, Utilities, Water
      • Services included: Earthquake Insurance, Sewer
      • HOA fee: $657 monthly
      • HOA name: El Molino Arms Homeowners Association
      • HOA phone: 310-444-7444
      Location
      • Region: Pasadena

      Financial & listing details

      • Price per square foot: $555/sqft
      • Tax assessed value: $583,663
      • Date on market: 7/16/2026
      • Cumulative days on market: 39 days
      • Listing terms: Cash,Cash to New Loan,Conventional

        Estimated market value

        $534,700

        $508,000 - $561,000

        $3,068/mo

        Price history

        DateEventPrice
        8/17/2026Price change$538,000-3.6%$555/sqft
        Source: CRMLS #AR26155200 Report a problem
        7/17/2026Listed for sale$558,000+1.5%$576/sqft
        Source: CRMLS #AR26155200 Report a problem
        6/30/2026Listing removed$2,900$3/sqft
        Source: Zillow Rentals Report a problem
        3/12/2026Price change$2,900-10.8%$3/sqft
        Source: Zillow Rentals Report a problem
        2/1/2026Listed for rent$3,250$3/sqft
        Source: Zillow Rentals Report a problem
        9/27/2025Listing removed$3,250$3/sqft
        Source: Zillow Rentals Report a problem
        8/7/2025Price change$3,250-15.6%$3/sqft
        Source: Zillow Rentals Report a problem
        7/4/2025Listed for rent$3,850$4/sqft
        Source: Zillow Rentals Report a problem
        9/9/2022Sold$550,000-5%$568/sqft
        Source: Public Record Report a problem
        8/29/2022Pending sale$579,000$598/sqft
        Source: Pasadena Foothills MLS #P1-9618 Report a problem
        6/24/2022Price change$579,000-3.3%$598/sqft
        Source: CRMLS #P1-9618 Report a problem
        6/13/2022Listed for sale$599,000$618/sqft
        Source: Pasadena Foothills MLS #P1-9618 Report a problem
        6/2/2022Pending sale$599,000$618/sqft
        Source: CRMLS #P1-9618 Report a problem
        4/29/2022Listed for sale$599,000$618/sqft
        Source: Pasadena Foothills MLS #P1-8711 Report a problem
        4/9/2022Contingent$599,000$618/sqft
        Source: Pasadena Foothills MLS #P1-8711 Report a problem
        3/26/2022Listed for sale$599,000+36.4%$618/sqft
        Source: Pasadena Foothills MLS #P1-8711 Report a problem
        11/4/2020Sold$439,000-6.6%$453/sqft
        Source: Pasadena Foothills MLS #P0-820003188 Report a problem
        9/29/2020Pending sale$470,000$485/sqft
        Source: Cynthia Cohn & Associates, Inc #P0-820003188 Report a problem
        9/16/2020Price change$470,000-5.1%$485/sqft
        Source: Cynthia Cohn & Associates, Inc #P0-820003188 Report a problem
        8/11/2020Listed for sale$495,000$511/sqft
        Source: Cynthia Cohn & Associates, Inc #820003188 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $583,663 +2%
        2025$6,812 +5.9%$572,219 +2%
        2024$6,435 +0.9%$561,000 +2%
        2023$6,380 +6.4%$550,000 +22.8%
        2022$5,997 +21.1%$447,780 +2%
        2021$4,951 -9.8%$439,000 -13.3%
        2020$5,491 $506,059 +2%
        2019$5,491 -2.5%$496,138 +2%
        2018$5,631 $486,411 +2%
        2017$5,631 +1.2%$476,875 +17.2%
        2016$5,563 +16.6%$407,000 -3.3%
        2015$4,772 +0.8%$421,000 +4.5%
        2014$4,735 $403,000 +33.3%
        2012-- $302,300
        2011-- $302,300
        2010-- $302,300
        2009-- $302,300 -20.2%
        2008-- $378,900 -8.3%
        2007-- $413,100 +181.9%
        2006-- $146,544
        2005-- $146,544 +4%
        2004-- $140,854 +1.9%
        2003-- $138,273 +2%
        2002-- $135,562 +35.6%
        2000-- $100,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: South

        Getting around

        81 / 100
        Very Walkable
        57 / 100
        Good Transit
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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