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215 S Madison Ave
Pasadena, CA 91101
Madison Luxury Apartments · Multifamily Property For Sale
·
34 Units
Investment Highlights
- Trophy Asset in a Premier Pasadena Location Near Playhouse Village, Madison Heights, Old Pasadena, and The Shops on Lake Avenue
- Excellent Unit Mix Consisting of Large 1-Bedroom 1-Bath & 2-Bedroom 2-Bath Units
- New Roof (2020), Copper Re-Pipe (2018), All Balconies and Decks Have Been Reinforced
- Meticulously Maintained and Professionally Managed Throughout Ownership
- 5.6% Cap on Current, 7.4% With Market Rents
Property Facts
| No. Units | 34 | Lot Size | 0.44 AC |
| Property Type | Multifamily | Building Size | 34,815 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Zoning | CD-RM-48 - Central District - Residential Multi-family, 48 units per acre | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 34,815 SF |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | CD-RM-48 - Central District - Residential Multi-family, 48 units per acre |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | $2,221 | 800 |
| 2+2 | 7 | $3,013 | 1,250 - 1,350 |
Property Taxes
| Parcel Number | 5734-010-001 | Improvements Assessment | $2,273,803 |
| Land Assessment | $1,061,844 | Total Assessment | $3,335,647 |
Property Taxes
Parcel Number
5734-010-001
Land Assessment
$1,061,844
Improvements Assessment
$2,273,803
Total Assessment
$3,335,647
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