Active
199 S Madison Ave
Pasadena CA, 91101
$3,650,000
$511.06 per sqft
Active
14 Beds
12 Baths
7,142 sqft
Multi-family
Built in 1955
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.
24-464165
MLSⓇ ID
November 15, 2024
Listed
November 23, 2024
Updated
Map
199 S Madison Ave
Pasadena CA, 91101
Interior Features
Total Stories
0
Bedrooms
14
Total Bathrooms
12
Appliances
Range/Oven
Laundry Description
Community, Room
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Area Name
Pasadena SE
Days on Market
8
Garage
No
Parking
Carport Detached, Carport Attached
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
PSR4
Listed by Alexander Metaxas with Realty Investment Advisors, Inc.
Listing Contact: 626-313-4901
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/23/2024
