823 N Madison Avenue Pasadena, CA $ 1,350,000
823 N Madison Avenue
$ 1,350,000
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823 N Madison Avenue

Pasadena, CA, 91104
$ 1,350,000
Baths1.0 Sq 3,292

Monthly Estimate*

$ 8,524

Listed by Nohco Real Estate
823 N Madison Avenue, Pasadena, CA 91104 - Image 1
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Studio

Multi-Family Home for sale in Pasadena, CA

for $1,350,000 with 1 full bath. This 3,292 square foot home was built in 1928 on a lot size of 0.2945.

A terrific opportunity to acquire a 4 unit property in Pasadena on a huge 12,826sf lot! The front building consists of (2) large 2 bedroom/1 bathroom units with spacious layouts; and the rear building consists of (2) 1 bedroom/1bathroom units with private yard and One Unit Delivered Vacant and ready for immediate occupancy. The entire property totals 3,292sf in size and sits on an almost 13k sf sized lot with PSR6 zoning, a double driveway, offering tons of potential to expand, create additional parking, and maximize rents in the future. Great Location in Pasadena North of the 210 fwy, near Rose Bowl, Old Town, and tons of local shops & trendy restaurants.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2945

Year Built

1928

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

OC26164054

Days on Market

5

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Composition Shingle
Appliances Gas Range Range Hood Water Heater
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Stucco Wood Siding
Year Built 1928
Tenant Pays Electricity Gas Trash Collection
View None
Stories Count 1
Levels One
Property Subtype Quadruplex
Gross Income 100092
Community Features Curbs Street Lights Sidewalks
County Los Angeles
Net Operating Income 66966
Operating Expense 33126
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Facing Direction East
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions North of 210 Fwy On Los Robles Ave Right on Buckeye Left on Madison.
City Pasadena
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 4
MLS Area 645 - Pasadena (NW)
Lot Size Units Square Feet
Lot Size Square Feet 12830
Carport Spaces 4
Carport Y/N true
Number of Units Leased 3
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange FHA
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 11
Total Actual Rent 5941
Property Sub Type Additional Quadruplex
Cap Rate 5
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Interior
Interior Amenities Ceiling Fan(s) All Bedrooms Down
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Wire
Parking Features Concrete Carport Driveway
Lot Features 2-5 Units/Acre Back Yard Lawn Landscaped Sprinkler System
Water Source Public
Total Parking 6
Lot Size Area 12830
Foundation Details Raised
Number of Buildings 2
Spa false
Building Area Total 3292
Lot Size Acres 0.2945
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Nohco Real Estate

Broker

brian@nohco.com

Email

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$8,524
Per Month
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Monthly Principal & Interest
$8,524
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$1,350,000 Listed Price

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823 N Madison Avenue, Pasadena, CA, 91104 is a Multi-Family Home for sale at $1,350,000 with 3,292 sqft and a lot size of 0.2945. 823 N Madison Avenue is a studio with 1.0 baths and was built in 1928. The property's zip code is 91104 which is in Pasadena, CA