Sold
Closed
281 S Madison Avenue
Pasadena CA, 91101
$7,900,000
$332.38 per sqft
Sold
Closed
23,768 sqft
Multi-family
Built in 1962
Listed by Mauricio Nunez with Deodate Corporation 310-766-7395
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.
DW22254531
MLSⓇ ID
December 12, 2022
Listed
February 21, 2025
Updated
Interior Features
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.32 Acres
Lot Features
21-25 Units/Acre, Rectangular Lot
Sewer
Public Sewer
Other Property Details
Area Name
647 - Pasadena (SW)
Days on Market
84
Association Amenities
Pool
Garage
Yes
Garage Spaces
25
Parking
Assigned
Parking Total
279
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
Community, Association
Zoning
PSR4
Listing History
Date | Event | Price |
|---|---|---|
5/18/2023 | Sold | $7,900,000 |
Listing Contact: 626-219-6486
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/21/2025 at 6:04 PM UTC