Sold

Closed

281 S Madison Avenue

Pasadena CA, 91101

$7,900,000


$332.38 per sqft

Sold

Closed

23,768 sqft

Multi-family

Built in 1962

Listed by Mauricio Nunez with Deodate Corporation 626-219-6486

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.

DW22254531

MLS ID

December 12, 2022

Listed

May 25, 2024

Updated

Map

281 S Madison Avenue
Pasadena CA, 91101

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

21-25 Units/Acre, Rectangular Lot


Sewer

Public Sewer

Other Property Details

Area Name

647 - Pasadena (SW)


Days on Market

84


Association Amenities

Pool


Garage

Yes


Garage Spaces

25


Parking

Assigned


Parking Total

279


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

Community, Association


Zoning

PSR4


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$7,900,000

Listing Contact: 626-219-6486 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:18 AM UTC

 

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