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Sold for $7,900,000 on 04/17/23
    • Listing Provided by: 

    Mauricio Nunez DRE #01760019 310-766-7395,

    Deodate Corporation

    $7,900,000

    281 S Madison Ave, Pasadena, CA 91101

    --beds
    --baths
    23,768sqft
    Mixed Use
    Built in 1962
    -- sqft lot
    $1,309,200 Zestimate®
    $332/sqft
    $-- Estimated rent

    What's special

    Originally built by the current ownership group, 281 S Madison resides near one of the highest disposable income zip codes in the country. Walking distance to the Cal Tech, PCC, Lake Ave, and Colorado Blvd districts, this multifamily investment opportunity boasts 21 large one and two-bedroom units with amenities like underground parking and a pool. Tremendous upside, with rents far below market averages across the board. Potential to be a crown (core) component of any portfolio.

    Zillow last checked: 7 hours ago

    Listing updated: April 18, 2023 at 09:01am

    Listing Provided by:

    Mauricio Nunez DRE #01760019 310-766-7395,

    Deodate Corporation

    Bought with:

    SYED RAZVI, DRE #01873533

    RED LETTER REALTY

    Source: CRMLS,MLS#: DW22254531MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 23,768
    • Total interior livable area: 23,768 sqft

    Property

    Parking
    • Total spaces: 279
    • Parking features: Assigned
    • Garage spaces: 25
    Features
    • Pool features: Community, Association
    Lot
    • Size: 0.32 Acres
    • Features: 21-25 Units/Acre, Rectangular Lot
    Details
    • Parcel number: 5734010006
    • Zoning: PSR4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Foothills, Street Lights, Suburban, Sidewalks, Pool
    Location
    • Region: Pasadena

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    Services availability
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    Estimated market value

    $1,309,200

    Nearby cities