731 N Madison Avenue, Pasadena, CA 91104
Property
Sold April 2024
Listing Agent: Margaret Cashion (DRE #01376586) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 626-440-5100 · Bought with: Mike Kobeissi · Kobeissi Properties Inc · MLS #24365037 · Source: CRMLS
About this property
TRIPLEX - MIDDLE 1+1 DELIVERED VACANT. Well maintained triplex on a tree-lined street in highly desirable Pasadena. Built in 1953. Unit mix is as follows: Two spacious one bedroom + one-bath units (731 end unit & 733 middle unit) each with living room, dining area and kitchen, which have an open concept feel, center hallway with cabinetry, and the generous sized bedroom has ample storage cabinets and closet space against an entire wall. The third unit (735) is the largest, a two bedroom + one bath unit with spacious living room, dining area and U-Shaped kitchen with wood cabinetry. The two bedrooms are off a hallway and are quite spacious, one with large corner windows common in this era of architecture. The units have a nice charm to them and retain some character features which blend into a very functional floorplan. In addition, the end-unit, (731) has nice large corner windows in the living room, and the middle unit, (733) still has unique art deco styled kitchen cabinets with tell-tale rounded wood corners. This is a wonderful long-term investment, 731, 733, 735 N Madison Street is situated on a corner lot and has a large, gated side yard. Each unit has a private back patio space. Amenities/upgrades/features: Three-car carport, freshly painted exterior, large low-maintenance yard with pretty trees/shrubs, separate laundry room shared by all the units and one outdoor storage room. Large side yard may offer some future building opportunities. Buyer to research and do due diligence about feasibility of adding an ADU and/or Jr. ADU. Upside potential in a fantastic area. Zoned PSR6. Conveniently located close to fantastic shops & restaurants, moments from Old Town Pasadena, the Rose Bowl, Rose Bowl Aquatic center, local parks, hiking trails and easy access to freeways. Perfect investment opportunity in high-demand rental area.
Listing description from the April 2024 sale, as reported to CRMLS.
Sale history