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300 N El Molino, Pasadena, California 91101, Pasadena, 91101 - bed, 1 bath

300 N El Molino, Pasadena, California 91101 home-pic-0
ACTIVE$365,000
300 N El Molino, Pasadena, California 91101
0Bed
1Bath
450Sqft
52,535Lot
Year Built
1987
Close
-
List price
$365K
Original List price
$415K
Price/Sqft
$811
HOA
$605.94
Days on market
-
Sold On
-
MLS number
OC25251457
Home ConditionGood
Features
Good View: Pool
Deck
Pool
ViewPool

About this home

We found 3 Cons,5 Pros. Rank: price - $365.0K(1th), sqft - 450(1th), beds - undefined(4th), baths - 1(36th).

HUGE Price Reduction! Now $365,000 Seller is Highly Motivated — Purchased January 2025 for $428,000! Welcome to El Molino Terrace, one of Pasadena’s most desirable gated communities in the Playhouse District. This updated, sun-filled studio is now being offered at a massive price reduction by a highly motivated seller. The price has now been slashed to $365,000, creating an exceptional opportunity for both first-time buyers and savvy investors looking for a high-demand rental. The open layout includes new vinyl plank flooring, fresh paint, and a bright living area that leads to a private balcony overlooking the courtyard and pool. The kitchen features granite countertops, stainless steel appliances, and a convenient breakfast bar. An updated bathroom and two generous closets—one equipped with an in-unit washer and dryer—provide comfort and functionality. Located steps from the Pasadena Playhouse, Paseo Colorado, Old Town, Caltech, and the Metro Gold Line, this studio offers unbeatable value in one of Pasadena’s premier locations. Don’t miss this opportunity to secure a fantastic property at a truly remarkable price.

Price History

Date
Event
Price
12/06/25
Price Change
$365,000-5.9%
12/03/25
Price Change
$388,000-2.8%
11/16/25
Price Change
$399,000-3.9%
11/01/25
Listing
$415,000
06/09/23
Sold
$390,000
05/16/22
Sold
$395,000
04/07/04
Sold
$158,000
Condition Rating
Good
The property, built in 1987, has undergone recent significant cosmetic updates, including new vinyl plank flooring, fresh paint, an updated bathroom, and a kitchen featuring granite countertops and stainless steel appliances. These updates make the unit move-in ready with no immediate renovations required. While the kitchen cabinets are a more traditional style, they are clean and functional, and the bathroom is updated. The overall condition reflects a well-maintained property with modern finishes in key areas, aligning with a 'good' rating.
Pros & Cons

Pros

Exceptional Location: Situated in the highly desirable El Molino Terrace, a gated community within Pasadena's vibrant Playhouse District, offering unparalleled walkability to cultural landmarks, dining, shopping, and public transit (Metro Gold Line).
Recent Modern Updates: The unit boasts new vinyl plank flooring, fresh paint, an updated bathroom, and a kitchen equipped with granite countertops and stainless steel appliances, providing a move-in ready experience.
In-Unit Laundry Convenience: A significant advantage for a studio, the property includes an in-unit washer and dryer, enhancing comfort and functionality.
Strong Investment & First-Time Buyer Appeal: Positioned as an exceptional opportunity for both first-time homebuyers and investors, with a stated high demand for rentals in the area.
Private Outdoor Space & Community Amenities: Features a private balcony overlooking the courtyard and pool, offering a pleasant outdoor retreat and access to community amenities.

Cons

Substantial Seller's Loss & Price Volatility: The current listing price of $365,000 represents a significant reduction from the seller's recent purchase price of $428,000 in January 2025, indicating a substantial loss and potential concerns about market valuation or previous overpayment.
Compact Studio Layout: With only 450 square feet, the property is a compact studio unit, which may not suit buyers requiring more living space or separate rooms.
High Monthly Association Fees: The monthly association fee of $605.94 is considerably high for a studio unit, which could impact affordability for buyers and reduce potential rental yields for investors.

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