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$ 11,500,000
Est. payment | /mo
5 Beds
6 Baths
0.44 Acres Lot
$ 11,500,000
Est. payment | /mo
5 Beds
6 Baths
0.44 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26122848
Bedrooms 5
Lot Size 0.436 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Madison Luxury Apartments presents a rare opportunity to acquire a meticulously maintained 34-unit apartment community in the heart of Pasadena, ideally positioned between the highly desirable Madison Heights and Playhouse Village neighborhoods. Offered for sale for the first time since its original construction, this trophy asset features an attractive mix of spacious one-bedroom/one-bathroom and two-bedroom/two-bathroom residences with private balconies or patios, semi-subterranean parking, and a rooftop recreation area showcasing panoramic views of Old Pasadena and the San Gabriel Mountains. The property has benefited from significant capital improvements, including a new roof (2020), all-new copper plumbing (2018), a complete low-voltage electrical rewire, remodeled elevator, security camera system, and the installation of 17 electric vehicle charging stations. Residents also enjoy access to a shared laundry facility and a location that offers an exceptional blend of convenience, lifestyle, and connectivity. Situated just minutes from Old Pasadena and the Shops on Lake Avenue, Madison Apartments places residents within walking distance of some of Pasadenas premier dining, shopping, entertainment, and cultural destinations. The surrounding neighborhood is characterized by tree-lined streets, historic architecture, top-rated schools, nearby parks, and convenient access to major employment centers and public transportation, supporting strong demand from a diverse and stable tenant base. From an investment perspective, Madison Luxury Apartments offers both immediate income
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Driving West on E. Del Mar Blvd., Turn Right Onto S. Madison Ave., Property Will be on Your Left
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5734010001
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Ryan Loria, DRE#02006138 Triqor Group
Nearby Locations
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