200 S Madison AVE, Pasadena, CA 91101
200 S Madison AVE, Pasadena, CA 91101
200 S Madison AVE, Pasadena, CA 91101
200 S Madison AVE, Pasadena, CA 91101
200 S Madison AVE, Pasadena, CA 91101
200 S Madison AVE, Pasadena, CA 91101
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 4,480,000
Est. payment | /mo

10 Beds

16 Baths

11,212 SqFt

Save
$ 4,480,000
Est. payment | /mo
Save

10 Beds

16 Baths

11,212 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,212 sqft

Price per Sqft $399

MLS Listing ID 26857859

Bedrooms 10

HOA Y/N No

Year Built 1954

Lot Size 0.293 Acres

Property Description

We are pleased to present 200 South Madison Avenue, a rare opportunity to acquire a pride-of-ownership 16-unit multifamily asset in the highly coveted Madison Heights neighborhood of Pasadena. The property combines an irreplaceable location, strong in-place cash flow, and meaningful rental upside, making it an exceptional long-term investment opportunity. The property consists of sixteen well-designed units, including one two-bedroom/one-bathroom unit, eight one-bedroom/one-bathroom units, and seven studio units, providing a diverse unit mix that appeals to a broad tenant base. Current ownership has completed numerous capital improvements, including the mandatory soft-story seismic retrofit, copper plumbing upgrades, newer roofing, fresh exterior paint, and interior unit renovations. The property is separately metered for gas and electricity and offers fifteen on-site parking spaces. Situated on a prominent 12,774-square-foot corner lot, 200 South Madison Avenue enjoys one of the most desirable residential locations in Pasadena. Residents benefit from immediate access to South Lake Avenue's premier dining and shopping destinations, Erewhon Market, the Pasadena Playhouse District, and Old Town Pasadena. The property's tree-lined setting, walkable neighborhood amenities, and proximity to major employment centers continue to drive strong tenant demand. Additional amenities include professionally landscaped grounds and a well-maintained on-site laundry facility, providing residents with added convenience while generating supplemental income for ownership. Currently operating at approximately a 12.75 GRM, the property offers investors the opportunity to capture significant future rent growth through the repositioning of below-market leases while benefiting from Pasadena's historically strong rental market fundamentals. Opportunities to acquire quality assets on Madison Avenue are exceedingly rare, particularly in a neighborhood where properties are often held for generations. 200 South Madison Avenue represents a unique opportunity to acquire a turnkey multifamily investment in one of Southern California's most prestigious and supply-constrained submarkets.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Assigned, Carport

Total Parking Spaces 15

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5734015024

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Benjamin J. Hsiang Realty Investment Advisors, Inc. #01438644

Nearby Locations

Sam Mu

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

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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200 S Madison AVE