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542-548 N Madison Ave 3 Unit Apartment Building $1,499,000 ($499,667/Unit) Pasadena, CA 91101
Investment Highlights
- Prime 3 houses on a lot near Old Town Pasadena and Rose Bowl
- SUPERB demographics with ±$111,562 average household income within a 1-mile radius
- Excellent mix with 2bed and 1bed units; Super easy to rent and manage
- Perfect for an owner user or a first-time home/apartment investor
- Excellent access to 210, 134, and 110 freeways; superb access to downtown Los Angeles via FWY 110
- Charming units with original hardwood floor, plenty of built-in cabinets, and laundry hookups
Executive Summary
3 Houses on a large Lot - several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage
Property Facts
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $499,667 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 2,150 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Low-Rise | Parking Ratio | 2.79/1,000 SF |
| Zoning | RM-16 - MEDIUM density Residential | ||
| Price | $1,499,000 |
| Price Per Unit | $499,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 2,150 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 2.79/1,000 SF |
| Zoning | RM-16 - MEDIUM density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5731-006-011 | Improvements Assessment | $252,567 |
| Land Assessment | $755,579 | Total Assessment | $1,008,146 |
Property Taxes
Parcel Number
5731-006-011
Land Assessment
$755,579
Improvements Assessment
$252,567
Total Assessment
$1,008,146
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542-548 N Madison Ave
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