Welcome to El Molino Terrace, one of Pasadena's most desirable gated communities in the Playhouse District. This updated studio is flooded with excellent natural light and is now offered at an exceptional value by a highly motivated seller. Purchased in January 2025 for $428,000, the price has been reduced by a full $40K. It's a fantastic opportunity for both first-time buyers and investors looking for a strong rental unit. The open layout features new vinyl plank flooring, fresh paint, and a bright living area that opens to a private balcony overlooking the courtyard and pool. The kitchen includes granite countertops, stainless steel appliances, and a breakfast bar. The updated bathroom and two large closets--one with an in-unit washer and dryer--add comfort and convenience. Just steps from Pasadena Playhouse, Paseo Colorado, Old Town, Caltech, and the Metro Gold Line, this sun-filled studio offers unmatched value and location. Perfect for buyers or investors seeking the best of Pasadena living.