199 S Madison Avenue

Pasadena, CA 91101

  • 14 Bed(s)
  • 0 Bath(s)
  • 7,142 Sqft
  • 12790
    Sqft(Lot)
$3,650,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47658355

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Property Details

  • Bedroom Information

    • Total Bedrooms : 14

    Bathroom Information

    • Total Baths: 12
    • Full Baths: 0
    • Half Baths: 0

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1955
    • Building Area Total: 7,142

    Laundry Features

    • Common Area,Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2936
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 12790

  • Listing Price Information

    • Original List Price: 3,650,000
    • Listing Contract Date: 2024-11-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5734010037

  • Garage and Parking

    • Garage Description: Attached Carport,Detached Carport
    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 648 - Pasadena (SE)
    • Postal Code Plus 4: 2834
    • Directions: East on Colorado Blvd, South on Madison Ave
    • Zoning: PSR4
    • Source Property Type: Residential Income
    • Area: 648 - Pasadena (SE)

    Building and Construction

    • Property Age: 69
    • Year Built Source: Assessor
    • Total Square Feet Living: 7142
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 04:03

  • MLS: 24464165
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 14 bedrooms which is for sale, it has 7,142 sqft, 12,790 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91101, this Los Angeles County Home are nearby neighborhoods.