CA > Pasadena
Pasadena, CA 91101,199 S Madison Ave
Pasadena, CA 91101,199 S Madison Ave
Pasadena, CA 91101,199 S Madison Ave
Pasadena, CA 91101,199 S Madison Ave
Pasadena, CA 91101,199 S Madison Ave
Pasadena, CA 91101,199 S Madison Ave
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Mechele A. Nelson

Mechele A. Nelson

+1(817) 938-3872
$ 3,650,000
Est. payment | /mo

14 Beds

12 Baths

7,142 SqFt

Save
$ 3,650,000
Est. payment | /mo
Save

14 Beds

12 Baths

7,142 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,142 sqft

Price per Sqft $511

MLS Listing ID 24-464165

Bedrooms 14

Year Built 1955

Lot Size 0.294 Acres

Acres 0.2936

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 Pasadena Se

Zoning PSR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven

Laundry Community, Room

Exterior

Garage Carport Detached, Carport Attached

Garage Spaces 10.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Realty Investment Advisors, Inc.
agent-avatar

+1(817) 938-3872

mechele@monarchcapcorp.com

United States

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