#24432995, Jonathan Weir, Listing Office: Marcus & Millichap
199 S Madison Ave Pasadena, CA 91101
$3,650,000 List price
14 beds
12 baths
7,142 sqft
0.3 acres
$511 / sqft
House
Property details
About 199 S Madison Ave
Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.
Highlights
Home typeOther
HeatingWall Furnace
StatusActive
Size7,142 sqft
Lot size0.2936 Acres
Year built1955
ParkingAttached Carport, Detached Carport
MLS #24464165
Attached garageYes
Summary
- MLS Number: 24464165
- MLS Name: CRMLS
- Office Name: Realty Investment Advisors, Inc.
- Listing Agent: Alexander Metaxas
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/2/2025, 5:00:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,650,000
199 S Madison Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,787,561 | $33,091 |
| 2023 | $2,732,946 | $32,819 |
| 2022 | $2,679,402 | $31,707 |
| 2021 | $2,626,908 | $30,422 |
| 2020 | $2,597,835 | $29,301 |
| 2019 | $2,546,898 | $29,830 |
| 2018 | $2,496,960 | $33,611 |
| 2017 | $2,815,200 | $33,611 |
History based on county public records data.
Nearby schools
4
Madison Elementary School
Public District PK-5
1.2 mi
•515 E Ashtabula St
6
Hamilton Elementary School
Public District PK-5
1.8 mi
•2089 Rose Villa St
6
Longfellow Elementary School
Public District PK-5
2.0 mi
•1065 E Washington Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $77,656. Typical income of Pasadena, CA residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
50%
35k-100k
28%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
75%
Single, No Kids
2%
Single, with Kids
16%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
42%
18-34 yrs old
43%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Major League Soccer (MLS)
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
Audi
Volkswagen
Toyota
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 199 S Madison Ave
This home is located at 199 S Madison Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This 7,142 square foot home, which was built in 1955, sits on a 0.29 acre lot. Features: 14 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $3,650,000.
Over 22 listings were sold over their listed price in January 2025 in Pasadena, CA. In the same period over 23 listings were sold below the listed price and 9 listings were sold for the listed price. The number of listings in Pasadena, CA increased by 16.2% between December and January 2025. Listings spent 47 days on the market in January 2025, and had a median list price of $1,218,933 during the same period.
From Rocket Homes Real Estate and based on county public records data.