Keller Williams Real Estate Services
Gregory Cook, Keller Williams Real Estate ServicesPhone: (818) 644-0485
Email: [email protected]
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listing
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Residential IncomeFor Sale
$3,650,000
199 S Madison Avenue
Pasadena, CA 91101
Listed by Alexander Metaxas DRE#01784652 [email protected] Realty Investment Advisors, Inc.
MLS: California Regional MLS (CRMLS)
14Beds
12Baths
7,142Sq Ft
Est. Mortgage
$18,941/mo

Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. South Madison Ave is considered one of the most desired streets in all of Pasadena and this property is ONLY $304,000 PER UNIT! Situated on a corner lot approximately 12,755 S.F. in size and boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, make this a fantastic rental investment. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don't miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS.

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Information courtesy of Realty Investment Advisors, Inc. is subject to verification and is not guaranteed.
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