281 S Madison Avenue, Pasadena, CA 91101
Property
Sold April 2023
Listing Agent: Mauricio Nunez (DRE #01760019) · Listing Office: Deodate Corporation · Contact: 310-766-7395 · Bought with: SYED RAZVI · RED LETTER REALTY · MLS #DW22254531 · Source: CRMLS
13,988 sqft
Lot Size
1962
Year Built
Property
Type
25
Garage
About this property
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.
Listing description from the April 2023 sale, as reported to CRMLS.
Sale history
$7,900,000
Sold April 2023 · listed $8,599,999, orig. $10,000,000, on market December 2022 · MLS #DW22254531 · Source: CRMLS
Listing Agent: Mauricio Nunez · Listing Office: Deodate Corporation · Contact: 310-766-7395 · Bought with: SYED RAZVI · RED LETTER REALTY