515 S Madison Ave, a 1987 low-rise in Pasadena.
515 S Madison Ave is an 8-residence boutique building in Pasadena. It was completed in 1987 and rises three stories.
Contact a Condos of LA advisor for current availability, pricing, and a private tour of 515 S Madison Ave.
Condos for sale & rent at 515 S Madison Ave
Listings update automatically from the MLS. Availability and pricing are provided by the listing brokerages.
Recent sales at 515 S Madison Ave
| Date | Residence | Beds/Baths | Sq Ft | Sale price | $/Sq Ft | HOA dues |
|---|---|---|---|---|---|---|
| Mar 2026 | 2 | 3 bd · 3 ba | 1,373 | $855,000 | $623 | $660/mo |
Closed sales at 515 S Madison Ave from MLS records.
What to know before you buy at 515 S Madison Ave
The details that make or break a condo decision: current HOA dues and what they cover, parking, and the building's pet & leasing rules. Our advisors pull these straight from the building's HOA documents for any residence you're weighing.
Learn moreCompiled from public sources · last reviewed July 2026. We confirm current dues, reserves, lender and policy details for any residence you're considering.
Can you finance a condo at 515 S Madison Ave?
515 S Madison Ave has 8 residences, per our records. That's small enough that a conventional loan may qualify for a Fannie Mae or Freddie Mac project review waiver, open to 2 to 10 unit buildings since March 18, 2026, as long as the building isn't flagged and the insurance meets the rules. Buildings of 5 to 10 units also can't be part of a master association, so ask whether 515 S Madison Ave is.
The 15% reserve test that starts January 4, 2027 belongs to the Full Review for buildings over 10 units, so a waived review isn't tested on it. Lenders can still add their own rules, and the waiver turns on the unit count, so confirm it with the HOA.
Conventional loans go up to $1,249,125 in LA County in 2026. Above that, a jumbo lender applies its own condo rules, and a non-QM loan, built for buildings or buyers outside agency rules, typically means more down and a higher rate.
We'll follow up personally with what to ask the HOA at 515 S Madison Ave for, and what we find once the documents arrive.
Get a building check for 515 S Madison AveMore on the rules: warrantable vs. non-warrantable condos and the 2027 condo loan rules.
General information as of October 27, 2026. This isn't lending advice; a lender's review decides whether a specific loan works in this building.
In the heart of Pasadena
515 S Madison Ave places you at the center of Pasadena, with the neighborhood's dining, shopping and character just outside your door and the rest of Los Angeles within easy reach.