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$ 1,249,000
Est. payment /mo
Pending
865 N Madison AVE Pasadena, CA 91104
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR25048636
HOA Y/N No
Year Built 1949
Lot Size 0.324 Acres
Property Sub-Type Quadruplex
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). Don't miss this rare chance to own a versatile income property in a highly desirable Pasadena location!
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). Don't miss this rare chance to own a versatile income property in a highly desirable Pasadena location!
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Zoning PSR6
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5731001010
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Carey Eckert • Park Regency Realty • 818-298-9790