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Listed by Han Chen • Growth Investment Group Pasade
$ 8,980,000
Est. payment /mo
Active
239 S Madison Avenue Pasadena, CA 91101
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25053688
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1951
Lot Size 0.459 Acres
Property Sub-Type Other
Property Description
One of the best locations in Pasadena (south of Cordova St and north of Del Mar Blvd); Strategically located only a block south of Pasadena Playhouse District, several blocks South of OLD TOWN PASADENA, and within walking distance to Pasadena Convention Center and Lake Ave shopping district – including recently opened Erewhon market on Lake Ave, this community offers superb location and amenities to tenants. Walk Score 89, Bike Score 82. The property is a two-story garden style apartment that has been extensively remodeled. The current owner did not take any shortcut in completing major capital improvements such as brand-new roof (2022), parking soft story retrofit, new asphalt driveway, fully upgraded 14 units with high-end upgrades and brand-new plumbing, brand new landscaping, new exterior paint, updated gate, new high-end Butterfly entry system (intercom + camera for package delivery), new mailboxes, new hand railing system, new irrigation system and other significant improvements. With the major capital improvements completed, this offering provides plug-and-play easy to manage apartment in an amazing location. The property was built in 1951 with a center courtyard layout and spacious units. It has a large living space of ±17,570 SF (per assessor) and sits on a large ±19
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer, Other, Inside
Building
Lot Description Level, Other
Water Public
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