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731 N Madison Avenue

Pasadena, CA 91104
  • $1,025,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: 24365037
Under Contract
$1,025,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,214
    SQFT
  • $463
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Margaret Cashion of Berkshire Hathaway HomeServices California Properties (626-440-5100)


Description

TRIPLEX - MIDDLE 1+1 DELIVERED VACANT. Well maintained triplex on a tree-lined street in highly desirable Pasadena. Built in 1953. Unit mix is as follows: Two spacious one bedroom + one-bath units (731 end unit & 733 middle unit) each with living room, dining area and kitchen, which have an open concept feel, center hallway with cabinetry, and the generous sized bedroom has ample storage cabinets and closet space against an entire wall. The third unit (735) is the largest, a two bedroom + one bath unit with spacious living room, dining area and U-Shaped kitchen with wood cabinetry. The two bedrooms are off a hallway and are quite spacious, one with large corner windows common in this era of architecture. The units have a nice charm to them and retain some character features which blend into a very functional floorplan. In addition, the end-unit, (731) has nice large corner windows in the living room, and the middle unit, (733) still has unique art deco styled kitchen cabinets with tell-tale rounded wood corners. This is a wonderful long-term investment, 731, 733, 735 N Madison Street is situated on a corner lot and has a large, gated side yard. Each unit has a private back patio space. Amenities/upgrades/features: Three-car carport, freshly painted exterior, large low-maintenance yard with pretty trees/shrubs, separate laundry room shared by all the units and one outdoor storage room. Large side yard may offer some future building opportunities. Buyer to research and do due diligence about feasibility of adding an ADU and/or Jr. ADU. Upside potential in a fantastic area. Zoned PSR6. Conveniently located close to fantastic shops & restaurants, moments from Old Town Pasadena, the Rose Bowl, Rose Bowl Aquatic center, local parks, hiking trails and easy access to freeways. Perfect investment opportunity in high-demand rental area.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/148288654
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731 N Madison Avenue Pasadena, CA 91104

  • Price: $1,025,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • ID#: 24365037
4
Beds
0
Baths
0
½ Baths
0.16
Acres
2,214
SQFT
$463
$/SQFT
1953
Built
Neighborhood:
646 - Pasadena (NE)
County:
Los Angeles
Area:
646 - Pasadena (NE)
Property Description
TRIPLEX - MIDDLE 1+1 DELIVERED VACANT. Well maintained triplex on a tree-lined street in highly desirable Pasadena. Built in 1953. Unit mix is as follows: Two spacious one bedroom + one-bath units (731 end unit & 733 middle unit) each with living room, dining area and kitchen, which have an open concept feel, center hallway with cabinetry, and the generous sized bedroom has ample storage cabinets and closet space against an entire wall. The third unit (735) is the largest, a two bedroom + one bath unit with spacious living room, dining area and U-Shaped kitchen with wood cabinetry. The two bedrooms are off a hallway and are quite spacious, one with large corner windows common in this era of architecture. The units have a nice charm to them and retain some character features which blend into a very functional floorplan. In addition, the end-unit, (731) has nice large corner windows in the living room, and the middle unit, (733) still has unique art deco styled kitchen cabinets with tell-tale rounded wood corners. This is a wonderful long-term investment, 731, 733, 735 N Madison Street is situated on a corner lot and has a large, gated side yard. Each unit has a private back patio space. Amenities/upgrades/features: Three-car carport, freshly painted exterior, large low-maintenance yard with pretty trees/shrubs, separate laundry room shared by all the units and one outdoor storage room. Large side yard may offer some future building opportunities. Buyer to research and do due diligence about feasibility of adding an ADU and/or Jr. ADU. Upside potential in a fantastic area. Zoned PSR6. Conveniently located close to fantastic shops & restaurants, moments from Old Town Pasadena, the Rose Bowl, Rose Bowl Aquatic center, local parks, hiking trails and easy access to freeways. Perfect investment opportunity in high-demand rental area.
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 3 Carport YN Yes Parking Features Carport Parking Total 3

Interior Features

Cooling None Cooling YN No Flooring CarpetTile Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Gross Income 41400 Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 New Construction YN No Number Of Separate Gas Meters 3 Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Other Special Listing Conditions Standard Water Source Public Zoning PSR6



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. 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 COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Margaret Cashion of Berkshire Hathaway HomeServices California Properties (626-440-5100)