$8,599,999
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0.32 Acres Lot
SOLD DATE : 04/17/2023
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW22254531
Sold Date 04/17/23
HOA Y/N No
Year Built 1962
Lot Size 0.321 Acres
Property Sub-Type Mixed Use
Property Description
Originally built by the current ownership group, 281 S Madison resides near one of the highest disposable
income zip codes in the country. Walking distance to the Cal Tech, PCC, Lake Ave, and Colorado Blvd districts, this multifamily
investment opportunity boasts 21 large one and two-bedroom units with amenities like underground parking and a pool.
Tremendous upside, with rents far below market averages across the board. Potential to be a crown (core) component of any
portfolio.
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Zoning PSR4
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 25.0
Garage Description 25.0
Pool Community, Association
Community Features Curbs, Foothills, Street Lights, Suburban, Sidewalks, Pool
Amenities Available Pool
Total Parking Spaces 279
Private Pool No
Building
Lot Description 21-25 Units/Acre, Rectangular Lot
Faces East
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5734010006
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with SYED RAZVI RED LETTER REALTY
