281 S Madison Ave | Pasadena, CA 91101
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- LoopNet Team
281 S Madison Ave
Pasadena, CA 91101
Prime Pasadena Multifamily · Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- First time on market, prime Pasadena location
- 21 units ranging between 750 SF and 1350 SF.
- Supterranean parking with a total of 25 spaces.
- The Metro Gold Line travels through 6 stations within Pasadena and takes riders into downtown Los Angeles in approximately 20 minutes.
- Nearly 25% upside on actual to market rent ratios.
- Walking distance to Caltech, Lake Shopping and Colorado Shopping Districts
PROPERTY FACTS
| No. Units | 21 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Building Size | 23,768 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.05/1,000 SF |
| Zoning | PSR4 - Favorable zoning in mid-high density area near high workforce and shopping districts. More info: https://library.municode.com/ca/pasadena/codes/code_o | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 23,768 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | PSR4 - Favorable zoning in mid-high density area near high workforce and shopping districts. More info: https://library.municode.com/ca/pasadena/codes/code_o |
AMENITIES
UNIT AMENITIES
- Kitchen
- Oven
- Tub/Shower
- Carpet
- Pantry
- Window Coverings
SITE AMENITIES
- Controlled Access
- Courtyard
- Pool
- Property Manager on Site
- Elevator
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $1,863 | 720 - 1,000 |
| 2+1 | 3 | $2,148 | 1,000 |
| 2+2 | 8 | $2,575 | 1,045 - 1,350 |
PROPERTY TAXES
| Parcel Number | 5734-010-006 | Improvements Assessment | $2,496,960 |
| Land Assessment | $5,722,200 | Total Assessment | $8,219,160 |
PROPERTY TAXES
Parcel Number
5734-010-006
Land Assessment
$5,722,200
Improvements Assessment
$2,496,960
Total Assessment
$8,219,160
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