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865 N Madison Avenue

Pasadena, CA 91104
  • $1,249,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: SR25048636
UPDATED: 7 min ago
$1,249,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Carey Eckert of Park Regency Realty (818-363-6116) and Martha Anguiano of Park Regency Realty(818-363-6116)


Description

Prime Pasadena 4-Plex with Expansion Potential!Fantastic investment opportunity in Pasadena! This spacious single-level 4-plex sits on one of the largest lots in the area, offering both immediate rental income and future development potential. The property consists of four units: one 2-bed/1-bath, one studio/1-bath, and two 1-bed/1-bath units. Currently, three units are rented, while the vacant 1-bed/1-bath has been fully remodeled and is move-in ready"perfect for an owner-occupant or new tenant.Additional highlights include onsite parking, ample tenant space, and a large rear flat lot with the possibility for future expansion or additional units (buyer to verify). Dont miss this rare chance to own a versatile income property in a highly desirable Pasadena location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T00:25:52.877. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/161134108
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865 N Madison Avenue Pasadena, CA 91104

  • Price: $1,249,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 7 min ago
  • ID#: SR25048636
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1949
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
Prime Pasadena 4-Plex with Expansion Potential!Fantastic investment opportunity in Pasadena! This spacious single-level 4-plex sits on one of the largest lots in the area, offering both immediate rental income and future development potential. The property consists of four units: one 2-bed/1-bath, one studio/1-bath, and two 1-bed/1-bath units. Currently, three units are rented, while the vacant 1-bed/1-bath has been fully remodeled and is move-in ready"perfect for an owner-occupant or new tenant.Additional highlights include onsite parking, ample tenant space, and a large rear flat lot with the possibility for future expansion or additional units (buyer to verify). Dont miss this rare chance to own a versatile income property in a highly desirable Pasadena location!
Exterior Features

Entry Level 1 Entry Location Front entrance Lot Features Back YardFront Yard Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsStreet LightsSidewalks Electric Expense 600 Fuel Expense 0 Garage YN No Gross Income 28580 Gross Scheduled Income 28580 Insurance Expense 18000 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 9980 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 18600 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning PSR6



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T00:25:52.877. 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 deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Carey Eckert of Park Regency Realty (818-363-6116) and Martha Anguiano of Park Regency Realty(818-363-6116)