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623 N Madison Ave
Pasadena, CA 91101
Cypress Court · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Value add opportunity by implementing a renovation program upgrading unit interiors and exteriors – approximately 35% rental upside
- First time on market in decades. High barrier to entry Pasadena submarket
- Units are situated spaciously apart from one another providing ample outdoor space for each bungalow.
- Property features eight (8) bungalow style homes consisting of two (2) 1 bed/1 bath home and six (6) 2 bed/1 bath homes
- Each of the bungalows is uniquely designed in the Colonial Revival style, featuring gable roofs and gabled porches supported by columns.
- Each bungalow features wood floors (select units), fireplaces, individual water heaters and washer/dryer hookups (select units)
Property Facts
| No. Units | 8 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 5,584 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1923 |
| Building Class | C | ||
| Zoning | PSR1 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,584 SF |
| No. Stories | 1 |
| Year Built | 1923 |
| Zoning | PSR1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $440,600 | |
| Land Assessment | $920,624 | Total Assessment | $1,361,224 |
Property Taxes
Parcel Numbers
Land Assessment
$920,624
Improvements Assessment
$440,600
Total Assessment
$1,361,224
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