Homes for sale - 199 S Madison AVE, Pasadena, CA 91101

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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 3,650,000

Est. payment | -/mo

14 Beds

12 Baths

7,142 SqFt

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$ 3,650,000

Est. payment | -/mo

Save

14 Beds

12 Baths

7,142 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,142 sqft

Price per Sqft $511

MLS Listing ID 24464165

Bedrooms 14

HOA Y/N No

Year Built 1955

Lot Size 0.294 Acres

Property 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 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.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Wall Furnace

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Attached Carport, Detached Carport

Parking Type Attached Carport, Detached Carport

Attached Garage Yes

Total Parking Spaces 10

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5734010037

Special Listing Condition Standard

Listed by Alexander Metaxas • Realty Investment Advisors, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

199 S Madison AVE Pasadena, CA 91101

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

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199 S Madison AVE