855 North Madison Avenue

Pasadena, CA 91104

$2,450,000
Price
—
Beds
5,198 Sq. Ft.
$471 / Sq. Ft.
5,198
Sq. Ft.
$471
per Sq. Ft.

Description

Price Reduction! Seven Units income property located in the quiet neighborhood Pasadena. Features with six 2bed/1bath units, one 1bed/1bath unit. Three units have their private yards. Brand new electrical meters plus one house meter. Newer windows, upgraded kitchen and baths. In house laundry hook-ups, each unit has individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces. One of the building was constructed in 1907, the other units are...Price Reduction! Seven Units income property located in the quiet neighborhood Pasadena. Features with six 2bed/1bath units, one 1bed/1bath unit. Three units have their private yards. Brand new electrical meters plus one house meter. Newer windows, upgraded kitchen and baths. In house laundry hook-ups, each unit has individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces. One of the building was constructed in 1907, the other units are built in four different year structures (Buyers to investigate and satisfy themselves). The building total is approx. 5,198 sqft., situated on the huge lot size approx. 15,837 sqft (74 X 214). Fully occupied with long term tenants in good standard monthly payments. 4% CAP rate. Excellent location, easy access to 210, 134 Freeway and Shopping Center. Motivated Seller. Price to sell!
  1. Listed by Chennei Viengkhou • DRE #01187539 • Brokerage DRE #01280398 • CBD INVESTMENT INC.

Property Details for 855 North Madison Avenue

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window
Total Units
7.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
74 X 214
LISTING UPDATED: 08/31/2020 05:16 AM

Property Details for 855 North Madison Avenue

StatusActive
MLS #WS20135960
Days on Market1621
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
CountyLos Angeles County

Building Information for 855 North Madison Avenue

Building/Complex855 N Madison AveFloor-Stories2Residences-Pet Policy-Year Built1907Building Size-

Property Information for 855 North Madison Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $144,780
  • Vacancy Allowance Rate: 0
  • Net Operating Income: $101,600
  • Current Financing: None
Expense Details
  • Operating Expense: $43,180
  • New Taxes Expense: $26,000
  • Gardener Expense: $2,023
  • Fuel Expense: $0
  • Electric Expense: $4,200
  • Insurance Expense: $4,477
  • Maintenance Expense: $720
  • Professional Management Expense: $0
  • Other Expense: $2,023
  • Trash Expense: $2,760
  • Water Sewer Expense: $3,000
  • Real Estate Tax Expense: $26,000
  • Total Expenses: $43,180
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4621.00
  • Tax Lot: 8
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
  • Flooring: Laminate
Exterior Features
  • Roof: Composition
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Use: Multi-Family
  • Lease Considered: No
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,825
  • Unit Type Total Rent: $1,825
  • Unit Type Pro Forma: 1825
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,795
  • Unit Type Total Rent: $1,795
  • Unit Type Pro Forma: 1825
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1825
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,475
  • Unit Type Total Rent: $1,475
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,875
  • Unit Type Total Rent: $1,875
  • Unit Type Pro Forma: 1875
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 855 North Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 855 North Madison Avenue

Taxable ValueLand$1,456,560Additions$624,240Total$2,080,800
Tax Record2024$24,649 ($2,054 / month)
Home Facts
Total Finished SqFt5,198 SqFtAbove Grade Finished SqFt5,198 SqFtLot Size15,837 SqFtStyleMulti-Family Res (5+ Units)Year Built1907ZoningPSR6CountyLOS ANGELESAPN5731-001-011

Schools near 855 North Madison Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 5
Octavia E. Butler Magnet School
Public - 6 to 8
John Muir High School
Public - 9 to 12
Odyssey Charter School - South
Charter - K to 8
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

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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More information about 855 North Madison Avenue, Pasadena, CA 91104

855 North Madison Avenue is a multi-family home for sale in Pasadena, CA 91104. This property was listed for sale on July 9, 2020 by CBD INVESTMENT INC., it's currently listed at $2,450,000. It has been on the market for a total of 1621 days and was last sold on July 13, 2021. This listing's school district is Pasadena Unified School District. Nearby schools include Madison Elementary School, Octavia E. Butler Magnet School and John Muir High School. 855 North Madison Avenue is a 0-bed, 0-bath, 5,198 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBD INVESTMENT INC., Chennei Viengkhou, DRE #01187539

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.