200 S Madison Ave, Pasadena, CA

Name: 200 S Madison Ave, For Sale in Pasadena - eXp Realty
Brand: Realty Investment Advisors, Inc.
SKU: 26857859
Price: 4480000 USD

House

For Sale

Listed price in listed location currency (USD).

$4,480,000

101615

MLS® 26857859

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 11212 sqft

Garage

Taxes

Days Active 2

Lot Size 0.2933 Acres

Approx. Age 1954

Avg. Price Per Sqft $399

MLS® Number 26857859

Property Address: 200 S Madison Ave, Pasadena, CA, 91101-2827

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 200 South Madison Avenue, a rare opportunity to acquire a pride-of-ownership 16-unit multifamily asset in the highly coveted Madison Heights neighborhood of Pasadena. The property combines an irreplaceable location, strong in-place cash flow, and meaningful rental upside, making it an exceptional long-term investment opportunity. The property consists of sixteen well-designed units, including one two-bedroom/one-bathroom unit, eight one-bedroom/one-bathroom units, and seven studio units, providing a diverse unit mix that appeals to a broad tenant base. Current ownership has completed numerous capital improvements, including the mandatory soft-story seismic retrofit, copper plumbing upgrades, newer roofing, fresh exterior paint, and interior unit renovations. The property is separately metered for gas and electricity and offers fifteen on-site parking spaces. Situated on a prominent 12, 774-square-foot corner lot, 200 South Madison Avenue enjoys one of the most desirable residential locations in Pasadena. Residents benefit from immediate access to South Lake Avenue's premier dining and shopping destinations, Erewhon Market, the Pasadena Playhouse District, and Old Town Pasadena. The property's tree-lined setting, walkable neighborhood amenities, and proximity to major employment centers continue to drive strong tenant demand. Additional amenities include professionally landscaped grounds and a well-maintained on-site laundry facility, providing residents with added convenience while generating supplemental income for ownership. Currently operating at approximately a 12.75 GRM, the property offers investors the opportunity to capture significant future rent growth through the repositioning of below-market leases while benefiting from Pasadena's historically strong rental market fundamentals. Opportunities to acquire quality assets on Madison Avenue are exceedingly rare, particularly in a neighborhood where properties are often held for generations. 200 South Madison Avenue represents a unique opportunity to acquire a turnkey multifamily investment in one of Southern California's most prestigious and supply-constrained submarkets.

MLS® Number26857859

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1954

Basement

DrivewayAssigned, Carport

Garage Spaces

HeatWall Furnace

A/CWall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 9, 2026List Date

$4,480,000List Price

Commute

Commute

Starting Address

Destination Address

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