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855 N Madison Ave, Pasadena, CA 91104
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855 N Madison Ave Pasadena, CA 91104

$2,000,000 Sold Price as of 07/13/2021
  • 13 Beds
  • 7 Baths
  • 5,198 Sq.Ft.
Sold
$2,000,000 Sold Price as of 07/13/2021 Refinance Your Mortgage
Map preview of 855 N Madison Ave, Pasadena, CA 91104

Property Overview: 855 N Madison Ave Pasadena, CA has 13 bedrooms, 7 bathrooms, 5,198 living square feet and 15,837 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: New Year new price to sell! Seven Units property located in the popular community neighborhood. Features with six 2 bed/1 bath units, one 1 bed/1 bath unit. Three units have their private yards. Seller has installed seven brand new electrical meters plus one house meter, repair the foundation in 2019. Each unit has in house laundry room, individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces, long drive. One of the building was constructed in 1907, the others are built in four different year structures (Buyers to investigate and satisfy themselves). Total building size is approx. 5,198 sqft., situated on the huge lot size 15,837 sqft (74 X 214). Fully occupied with long term tenants. Great location, easy access to 210, 134 Freeway and Shopping Center. Motivated Seller.

Listed by Chennei Viengkhou | BRE #01187539 | CBD INVESTMENT INC.
Last checked: 15 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 129

Home details

Lot Sq. Ft
15,837
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
WS21000887
City
Pasadena
County
Los Angeles
Time on Site
1255 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 7
  • # of Electric Meters: 8
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,825
  • Total Rent: $1,825
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,825
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $1,875
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,780
  • Net Operating Income: $101,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $43,180
  • Electric: $4,200
  • Gas/Fuel: $0
  • New Taxes: $26,000
  • Trash: $2,760
  • Gardener: $2,023
  • Insurance: $4,477
  • Maintenance: $720
  • Professional Management: $0
  • Water/Sewer: $3,000
  • Other Expenses: $720

Property Details for 855 N Madison Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 7
  • Parcel Number: 5731001011
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: E of Los Robles Ave. and S of Mountain St.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 855 N Madison Ave

Last leased for $2,700 on May 11th, 2023

  • June, 2023

  • Jun 1, 2023

    Date

    Expired

    CRMLS: AR22245998

    $2,850

    Price

  • Nov 23, 2022

    Date

    Active

    CRMLS: AR22245998

    $3,400

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated turnkey unit ready for immediate move-in before the New Years! This freshly painted unit offers 2 bedrooms and 2 bathrooms with newly renovated kitchen and bathrooms, hardwood floors, wall cooling/heating units, and windows. The unit offers ample natural lighting with private backyard access. One parking spot is included with the unit. Located in a desirable area of Pasadena, it is conveniently located close to the I-210, I-134, I-110 freeways, Old Town Pasadena, South Lake District, Pasadena City College, California Institute of Technology, local supermarkets and variety of retail options. Call to schedule a viewing today!

  • May, 2023

  • May 11, 2023

    Date

    Leased

    CRMLS: AR22246463

    $2,700

    Price

  • Nov 23, 2022

    Date

    Active

    CRMLS: AR22246463

    $3,600

    Price

  • Listing provided courtesy of CRMLS

    Newly renovated turnkey unit ready for immediate move-in before the New Years! This freshly painted unit offers 2 bedrooms and 2 bathrooms with newly renovated kitchen and bathrooms, hardwood floors, wall cooling/heating units, and windows. The unit offers ample natural lighting. One bedroom has private balcony access that can be used for outdoor seating area. One parking spot is included with the unit. Located in a desirable area of Pasadena, it is conveniently located close to the I-210, I-134, I-110 freeways, Old Town Pasadena, South Lake District, Pasadena City College, California Institute of Technology, local supermarkets and variety of retail options. Call to schedule a viewing today!

  • July, 2021

  • Jul 13, 2021

    Date

    Sold

    CRMLS: WS21039427

    $2,000,000

    Price

  • May 19, 2021

    Date

    Pending

    CRMLS: WS21039427

    $2,288,800

    Price

  • Feb 25, 2021

    Date

    Active

    CRMLS: WS21039427

    $2,288,800

    Price

  • Listing provided courtesy of CRMLS

    New price to sell! Seven Units property located in the popular community neighborhood. Features with six 2 bed/1 bath units, one 1 bed/1 bath unit. Three units have their private yards. Seller has installed seven brand new electrical meters plus one house meter, repair the foundation in 2019. Each unit has in house laundry room, individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces, long drive. One of the building was constructed in 1907, the others are built in four different year structures (Buyers to investigate and satisfy themselves). Total building size is approx. 5,198 sqft., situated on the huge lot size 15,837 sqft (74 X 214). Fully occupied with long term tenants. Great location, easy access to 210, 134 Freeway and Shopping Center.

  • July, 2021

  • Jul 13, 2021

    Date

    Sold

    CRMLS: WS21000887

    $2,000,000

    Price

  • May 19, 2021

    Date

    Pending

    CRMLS: WS21000887

    $2,288,000

    Price

  • Jan 11, 2021

    Date

    Active

    CRMLS: WS21000887

    $2,288,000

    Price

  • Jan 6, 2021

    Date

    Hold

    CRMLS: WS21000887

    $2,288,000

    Price

  • Jan 4, 2021

    Date

    Active

    CRMLS: WS21000887

    $2,288,000

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20134649

    $2,300,000

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: WS20134649

    $2,300,000

    Price

  • Aug 3, 2020

    Date

    Price Change

    CRMLS: WS20134649

    $2,450,000

    Price

  • Jul 9, 2020

    Date

    Active

    CRMLS: WS20134649

    $2,590,000

    Price

  • Listing provided courtesy of CRMLS

    Huge Price Reduction! Price to sell! Seven Units income property located in the quiet neighborhood. Features with six 2 bed/1 bath units, one 1 bed/1 bath unit. Three units have their private yards. Brand new electrical meters plus one house meter. Newer windows, upgraded kitchen and baths. In house laundry hook-ups, each unit has individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces. One of the building was constructed in 1907, the other units are built in four different year structures (Buyers to investigate and satisfy themselves). The building total is approx. 5,198 sqft., situated on the huge lot size approx. 15,837 sqft (74 X 214). Fully occupied with long term tenants in good standard monthly payments. Excellent location, easy access to 210, 134 Freeway and Shopping Center. Motivated Seller.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20135960

    $2,300,000

    Price

  • Oct 7, 2020

    Date

    Price Change

    CRMLS: WS20135960

    $2,300,000

    Price

  • Aug 3, 2020

    Date

    Price Change

    CRMLS: WS20135960

    $2,450,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: WS20135960

    $2,590,000

    Price

  • Listing provided courtesy of CRMLS

    Price Reduction! Price to Sell! Seven Units income property located in the quiet neighborhood Pasadena. Features with six 2bed/1bath units, one 1bed/1bath unit. Three units have their private yards. Brand new electrical meters plus one house meter. Newer windows, upgraded kitchen and baths. In house laundry hook-ups, each unit has individual electricity and gas meters. Seven parking stalls with newer roof, additional 6 uncovered parking car spaces. One of the building was constructed in 1907, the other units are built in four different year structures (Buyers to investigate and satisfy themselves). The building total is approx. 5,198 sqft., situated on the huge lot size approx. 15,837 sqft (74 X 214). Fully occupied with long term tenants in good standard monthly payments. Excellent location, easy access to 210, 134 Freeway and Shopping Center. Motivated Seller.

  • February, 2019

  • Feb 19, 2019

    Date

    Sold

    CRMLS: AR19013059

    $2,000,000

    Price

  • Jan 31, 2019

    Date

    Pending

    CRMLS: AR19013059

    $2,095,000

    Price

  • Jan 17, 2019

    Date

    Active

    CRMLS: AR19013059

    $2,095,000

    Price

  • Listing provided courtesy of CRMLS

    Do not miss this excellent opportunity for this 7-unit Pasadena investment property with NO rent control. On the market for the first time in 25+ years, this property features six 2-bed, 1-bath units and one 1-bed, 1-bath unit. 3 of the units are detached and free-standing with their own private yards. There are 8 covered parking spaces (7 carports + 1 garage) and an additional 6 uncovered parking stalls. Units feature interior laundry hook ups, newer windows, laminate flooring, and updated kitchens & baths. This property will not last! Please do not disturb occupants and do not enter the property. Call the listing agent for more details.

  • February, 2019

  • Feb 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • March, 1996

  • Mar 1, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 855 N Madison Ave

Assessed Value (2020): $2,040,000
Year Land Value Improved Value Assessed Value
2020 $1,632,000 $408,000 $2,040,000

Home Value Compared to the Market

This property vs the competition

855 N Madison Ave sold on July 13, 2021 for 75.33% higher 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 $440.17 per/sqft which puts the price per square foot 47.85% lower than the current median sale per square foot for the city of Pasadena.

About 855 N Madison Ave

Detailed summary of property

855 N Madison Ave is a apartment that recently sold in Pasadena, CA 91104. This apartment offered 13 bedrooms, 7 bathrooms, roughly 5,198 living square feet, and sits on an approximately 15,837 square foot lot. 855 N Madison Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,000,000. 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 75.33% higher than the current median priced home. Local homes that are currently for sale include 2119 N Broadway, 2642 Queen St and 3121 Silver Lake Blvd. While the average home in Pasadena, CA is selling in 55 days, 855 N Madison Ave has a days on market of 129 days. There are currently 301 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 98 of them are condos and 24 are townhomes. For more information on this home for sale at 855 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 855 N Madison Ave

Public county record property details
Beds
13
Baths
7
Year built
1907
Sq. Ft.
5,198
Lot Size
15,837
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5731-001-011

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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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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