239 S Madison Avenue
Pasadena, CA 91101
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1951 build
- – on site
239 S Madison Ave, a beautifully upgraded multifamily investment opportunities located in one of the best locations in Pasadena. Strategically located only a block south of Pasadena Playhouse District, several blocks South of OLD TOWN PASADENA, and within walking distance to Pasadena Convention Center and Lake Ave shopping district – including recently opened Erewhon market on Lake Ave, this community offers superb location and amenities to tenants. Walk Score 89, Bike Score 82. The property is a two-story garden style apartment that has been extensively remodeled. The current owner did not take any shortcut in completing major capital improvements such as brand-new roof (2022), parking soft story retrofit, new asphalt driveway, fully upgraded 14 units with high-end upgrades and brand-new plumbing, brand new landscaping, new exterior paint, updated gate, new high-end Butterfly entry system (intercom + camera for package delivery), new mailboxes, new hand railing system, new irrigation system and other significant improvements. With the major capital improvements completed, this offering provides plug-and-play easy to manage apartment in an amazing location. The property was built in 1951 with a center courtyard layout and spacious units. It has a large living space of ±17,570 SF (per assessor) and sits on a large ±19,986 HIGH Density R4/RM-48 lot. Due to its high-density zoning, by law the lot can support up to 22 units before any bonus density which translates to prospective junior ADU in the future. It offers a good unit mix of eighteen (18) large 1bedroom+1bathroom, and three (3) spacious studio units. Fourteen out of 21 units have been fully upgraded. Fourteen units were upgraded high end finishes such as: brand new plumbing in the unit, wide plank flooring, smooth ceiling, recessed lighting, brand new kitchen with quartz countertops and modern cabinetry, stainless steel appliances, brand new bathroom with glass sliding doors, stacked-up laundry machine, and mini-split A/C system. Each unit has an individual water heater and separately metered for electricity and gas. There is an in-place RUBS system for new leases. Parking is provided via a combination of tuck-under parking and a detached carport. There is a total of 21 spaces providing 1 parking per unit. There is an additional shared laundry room for the community, and a storage room for the owner.
Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / 626-224-2495
Last checked:
Checking…
•
Last updated Aug 6, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# AR24143469 —
The Building
-
Year Built:1951
-
Year Built Source:Assessor
-
New Construction:No
-
Architectural Style:Mid Century Modern
-
Roof:Asbestos Shingle
-
Entry Level:1
-
Accessibility Features:None
-
Common Walls:2+ Common Walls
-
Faces:East
-
Building Area Total:17570.00
-
Building Area Units:Square Feet
-
# of Buildings:1
-
Total Number Of Units:21
-
Stories Total:2
-
# of Separate Gas Meters:22
-
# of Separate Water Meters:1
-
# of Separate Electric Meters:22
Interior
-
Levels:Two
-
Entry Location:1
-
Flooring:Laminate, Wood
-
Number Wall AC:21
-
Fireplace:No
-
Fireplace:None
-
Laundry:Common Area, Community, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
-
Laundry:1
Location
-
Directions:South of Cordova st and north of Del Mar Blvd, east of los robles ave
The Property
-
Property Type:Residential Income
-
Subtype:Apartment
-
Zoning:PSR4
-
Lot Features:Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Park Nearby
-
Lot Size Area:19992.0000
-
Lot Size Acres:0.4590
-
Lot Size SqFt:19992.00
-
Lot Size Source:Assessor
-
View:None
-
Property Attached:1
-
Additional Parcels:No
-
Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:4636.01
-
Tax Lot:23
The Listing
-
Buyer's Brokerage Compensation:1.500%
-
Special Listing Conditions:Standard
-
Buyer's Brokerage Compensation:$1.50
-
Parcel Number:5734010003
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
-
Cooling:Yes
-
Cooling:Wall/Window Unit(s)
Utilities
-
Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
-
Sewer:Public Sewer
-
Electric:Standard
-
Water Source:Public
Appliances
-
Appliances:Dishwasher, Gas Range, Range Hood, Refrigerator
-
Included:Yes
The Community
-
Senior Community:No
-
Neighborhood:Playhouse District
-
Features:Valley
-
Pool:None
-
Private Pool:No
-
Spa Features:None
-
Association:No
-
Assessments:Yes
-
Assessments:Buyer to Verify
Parking
-
Parking:Yes
-
Parking:Assigned, Carport, Attached Carport, Detached Carport
-
Parking Spaces:20.00
-
Carport Spaces:20.00
Extra Units
-
Number With Disposal:21
-
Number With Dishwasher:21
-
Number With Refrigerator:21
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/12/24
Jul 12, 2024
|
Listed / Active | CRMLS_CA | $9,300,000 |