199 South Madison Avenue
$3,650,000
14
12
7,142
7,142
$511
Description
Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S. F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport...Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S. F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. No soft-story retrofit needed! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. Please do not disturb the tenants.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 199 South Madison Avenue
Zoning
PSR4
Parcel Number5734010037
Total Units12.0
Living Area7142
Source Living AreaAssessor
AreaPasadena SE (648)
Vacancy Rate0
Lot Size Area12790
LISTING UPDATED: 11/23/2024 12:01 AM
Property Details for 199 South Madison Avenue
Status | Active |
---|---|
MLS # | 24-464165 |
Days on Market | 45 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.29 AC / 12,790 SF |
County | Los Angeles County |
Building Information for 199 South Madison Avenue
Stories-Residences-Year Built1955Building Size-Lot Size0.29 AC / 12,790 SF
Property Information for 199 South Madison Avenue
Property History for 199 South Madison Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 199 South Madison Avenue
Taxable ValueLand$1,949,782Additions$837,779Total$2,787,561
Tax Record2024$33,092 ($2,758 / month)
Home Facts
Total Finished SqFt7,142 SqFtAbove Grade Finished SqFt7,142 SqFtLot Size12,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningPSR4CountyLOS ANGELESAPN5734-010-037
Schools near 199 South Madison Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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