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731 N Madison Ave, Pasadena, CA 91104
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731 N Madison Ave Pasadena, CA 91104

$1,020,000 Sold Price as of 04/11/2024
  • 2934 Beds
  • 2199 Baths
  • 2,214 Sq.Ft.
Sold
$1,020,000 Sold Price as of 04/11/2024 Refinance Your Mortgage
Map preview of 731 N Madison Ave, Pasadena, CA 91104

Property Overview: 731 N Madison Ave Pasadena, CA has 2934 bedrooms, 2199 bathrooms, 2,214 living square feet and 7,116 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Margaret Cashion | BRE #01376586 | Berkshire Hathaway HomeServices California Properties
Last checked: 7 minutes ago | Last updated: April 13th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
7,116
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24365037
City
Pasadena
County
Los Angeles
Time on Site
117 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Gas Meters: 3
Unit Breakdown 1
  • # of Units: 731
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $604
  • Total Rent: $604
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 733
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 735
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $846
  • Total Rent: $846
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $41,400
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 731 N Madison Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Carport
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 3
  • Parcel Number: 5731002016
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
  • Water Source: Public
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Orange Grove Blvd, Between El Molino Ave and N Los Robles Ave
View more facts & features

Local Pasadena Agent

Sale History for 731 N Madison Ave

Last sold for $1,020,000 on April 11th, 2024

  • April, 2024

  • Apr 11, 2024

    Date

    Sold

    CRMLS: 24365037

    $1,020,000

    Price

  • Mar 5, 2024

    Date

    Active

    CRMLS: 24365037

    $1,025,000

    Price

  • February, 2024

  • Feb 29, 2024

    Date

    Expired

    CRMLS: 23314891

    $1,069,000

    Price

  • Sep 26, 2023

    Date

    Active

    CRMLS: 23314891

    $1,069,000

    Price

  • Listing provided courtesy of CRMLS

    TRIPLEX - DELIVERED VACANT. Well maintained triplex on a tree-lined street in highly desirable Pasadena. Built in 1953 and on the market for the first time in 30+ years. 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.

Show More

Tax History for 731 N Madison Ave

Assessed Value (2020): $293,644
Year Land Value Improved Value Assessed Value
2020 $121,553 $172,091 $293,644

Home Value Compared to the Market

This property vs the competition

731 N Madison Ave sold on April 11, 2024 for 21.46% lower than the current median sold price for the city of Pasadena which is $1,305,000. The median sold price per/sqft for Pasadena is $844 and this home is sold at $462.96 per/sqft which puts the price per square foot 45.15% lower than the current median sale per square foot for the city of Pasadena.

About 731 N Madison Ave

Detailed summary of property

731 N Madison Ave is a multi family that recently sold in Pasadena, CA 91104. This multi family property offered 2934 bedrooms, 2199 bathrooms, roughly 2,214 living square feet, and sits on an approximately 7,116 square foot lot. 731 N Madison Ave was first listed on ArdentRealEstateGroup.com on March 5, 2024. The homeowner sold the property for $1,020,000. Home in Pasadena are selling for a median price of $1,305,000 and a median price per square foot of $844. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 21.46% lower than the current median priced home. Local homes that are currently for sale include 4146 W Avenue 42, 4208 Griffin Ave and 321 W Avenue 37. While the average home in Pasadena, CA is selling in 55 days, 731 N Madison Ave has a days on market of 10 days. There are currently 308 homes for sale in the Pasadena real estate market and 178 of them are single family homes while 103 of them are condos and 27 are townhomes. For more information on this home for sale at 731 N Madison Ave Pasadena, CA 91104 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 731 N Madison Ave

Public county record property details
Beds
4
Baths
3
Year built
1953
Sq. Ft.
2,214
Lot Size
7,116
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5731-002-016

The source for these homes facts are from public records.

91104 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,256,000
Median List Price/Sq.Ft.
$819
Median Sold Price
$1,119,000
Median Sold Price/Sq.Ft.
$1,066
Total Inventory
27
Median Sale to List Price %
101.73%
Avg Days on Market
18
Loan Type
Conventional (30%), FHA (0%), VA (0%), Cash (20%), Other (40%)

Thinking of Selling?

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Recently Sold Homes Near 731 N Madison Ave

521 E Orange Grove Blvd, Pasadena, CA 91104
$1,010,000 Last Sold Price
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4 Baths
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521 E Orange Grove Blvd
Pasadena, CA 91104
621 E Orange Grove Blvd, Pasadena, CA 91104
$880,000 Last Sold Price
10 Beds
4 Baths
1860 Sq.Ft.
621 E Orange Grove Blvd
Pasadena, CA 91104
757 N El Molino Ave, Pasadena, CA 91104
$1,965,000 Last Sold Price
8 Beds
4 Baths
2852 Sq.Ft.
757 N El Molino Ave
Pasadena, CA 91104
855 N Madison Ave, Pasadena, CA 91104
$2,000,000 Last Sold Price
13 Beds
7 Baths
5198 Sq.Ft.
855 N Madison Ave
Pasadena, CA 91104

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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