281 S Madison AVE

PASADENA, CA, 91101

$9,000,000

$378 per ft²
$9,000,000
$378 per ft²
Active
Active
 - For Sale
beds
5 Beds
baths
4 Baths
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:
DW22254531MR
Listed:
12/10/22
Updated:
2/5/23
Sotheby's International Realty
Gina Valona

Interior Features

Total Bedrooms
5
Total Bathrooms
4
Laundry Description
Laundry Area

Exterior/Building Features

Lot Size
0.32 acres lot
Sewer
Public Sewer

Other Property Details

Association Amenities
pool
Garage
Yes
Garage Spaces
25
Parking
Assigned
Parking Total
279.0
View
N
County
Los Angeles
Water Source
Public
Pool
Yes
Zoning
PSR4

Property History

Date
Event
Price
Value
12/12/22
Price Change
$9,000,000
-9%

Courtesy of Deodate Corporation, Mauricio Nunez,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Gina Valona shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 2/5/23

Sotheby's International Realty
Gina Valona
Contact