Keller Williams Realty - Jeff Menendez Homes
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Jeff Menendez Homes
1/18
Listing Courtesy Of: Realty Investment Advisors, Inc., Alexander Metaxas
Local Realty Services Provided By: Keller Williams Realty
US / CA / Pasadena / Downtown-Oakland/Madison / 199 S Madison Ave
Overview
What It'll Cost
Neighborhood
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US / CA / Pasadena / Downtown-Oakland/Madison / 199 S Madison Ave
$3,650,000
199 S Madison Ave, Pasadena, CA 91101
14 Beds
12 Baths
7,142 sq ft
.29 ac
US / CA / Pasadena / Downtown-Oakland/Madison / 199 S Madison Ave
$3,650,000

199 S Madison Ave, Pasadena, CA 91101

Estimation provided by Keller Williams Realty Inc.
14 Beds
12 Baths
7,142 sq ft
.29 ac
Active
For Sale

Property Description

Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.

Property Details

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Overview
Property Type
Residential Income
Property Size
7,142 sq ft
Year Built
1955
Days on Site
128 Days
HVAC
Cooling: Wall Unit(s), Heating: Wall
Parking
10 Parking Spaces
Listing agent image
Jeff Menendez Homes
Jeff Menendez
Corona/KW CA Premier
01855193

Activity History

VIEWS
1
SAVES
0
SHARES
0
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $3,650,000
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Price & Tax History

Price History
Tax History
Date
Event
Price
11/15/2024
Listed
$3,650,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$32,819
(+3.51%)
$2,732,946
Land 1,911,551 + Additions 821,395
2022
$31,708
(+4.22%)
$2,626,908
Land 1,837,324 + Additions 789,584
2021
$30,423
(+3.82%)
$2,626,908
Land 1,837,324 + Additions 789,584
2019
$29,302
(-12.82%)
$2,597,835
Land 1,818,485 + Additions 779,350
2017
$33,612
$2,496,960
Land 1,713,600 + Additions 734,400
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
US / CA / Pasadena / Downtown-Oakland/Madison /

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market snapshot

$2.19M
Avg. List Price
14
Current Listings
52
Avg. Active Days on Market

Nearby Schools

Public
Private
Disclaimer: This information is provided by Precisely and subject to change. Please check the applicable school district.

Transit & Commute

Estimated commute times from Downtown-Oakland/Madison
Car-Dependent Walkable Very Walkable
Listing agent image
Jeff Menendez Homes
Jeff Menendez
Corona/KW CA Premier
01855193

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MLS Source Origin: The MLS

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