Listed by Mauricio Nunez with Deodate Corporation

281 S Madison Avenue

Pasadena, CA, 91101

$8,599,999

$361 per ft²
$8,599,999
$361 per ft²
Active
Active
 - For Sale
carpenters-square
23,768 ft²
property_type
Multi-family
calendar
Built 1962
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.
MLS® ID:
DW22254531
Listed:
12/10/22
Updated:
3/27/23
Coldwell Banker Global Luxury
Ash Rizk

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.32 acres lot
Lot Details
21-25 Units/Acre, Rectangular Lot
Sewer
Public Sewer

Other Property Details

Area Name
647 - Pasadena (SW)
Association Amenities
Pool
Garage
Yes
Garage Spaces
25
Parking
Assigned
Parking Total
279.0
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Description
Community, Association
Zoning
PSR4
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
12/12/22
Price Change
$9,000,000
-9%
2/9/23
Price Change
$8,599,999
-4%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/27/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/27/23 at 6:58 PM UTC

Coldwell Banker Global Luxury
Ash Rizk
Contact