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239 S Madison Avenue

Pasadena, CA 91101

– beds
– baths
– sqft
~1/2 acre lot
1951 build
– on site

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 ±19,986 HIGH Density R4/RM-48 lot. Due to its high-density zoning, by law the lot can support up to 22 units before any bonus density which translates to prospective junior ADU in the future. It offers a good unit mix of eighteen (18) large 1bedroom+1bathroom, and three (3) spacious studio units. Fourteen out of 21 units have been fully upgraded. Fourteen units were upgraded high end finishes such as: brand new plumbing in the unit, wide plank flooring, smooth ceiling, recessed lighting, brand new kitchen with quartz countertops and modern cabinetry, stainless steel appliances, brand new bathroom with glass sliding doors, stacked-up laundry machine, and mini-split A/C system. Each unit has an individual water heater and separately metered for electricity and gas. There is an in-place RUBS system for new leases. Parking is provided via a combination of tuck-under parking and a detached carport. There is a total of 21 spaces providing 1 parking per unit. There is an additional shared laundry room for the community, and a storage room for the owner.

Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / han.chen@growthinvestmentgroup.com

Last checked: Checking… • Last updated Mar 11, 2025 •

MLS# AR25053688 —

The Building

Year Built:

1951
Year Built Source:

Assessor
New Construction:

No
Building Area Units:

Square Feet
Total Number Of Units:

21
# of Buildings:

1
Architectural Style:

Mid Century Modern
Roof:

Asbestos Shingle
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

22
# of Separate Water Meters:

1
# of Separate Electric Meters:

22

Interior

Features:

Copper Plumbing Partial, Quartz Counters
Levels:

Two
Entry Location:

1
Flooring:

Laminate, Vinyl, Wood
Number Wall AC:

21
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Community, Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

From Lake Ave go west on Del Mar Blvd, then go north on Madison Ave - building is on the left hand side
Latitude:

34.14163200
Longitude:

-118.13874500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Repairs Cosmetic, Updated/Remodeled
Zoning:

PSR4
Lot Features:

Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Park Nearby
Lot Size Area:

19992.0000
Lot Size Acres:

0.4590
Lot Size SqFt:

19992.00
Lot Size Source:

Assessor
Fencing:

Wrought Iron
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4636.01
Tax Lot:

23

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5734010003

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range
Included:

Yes

The Community

Neighborhood:

Playhouse District
Features:

Urban, Valley
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned, Detached Carport, Covered, Driveway, Asphalt
Parking Spaces:

20.00
Garage Spaces:

8.00
Carport Spaces:

12.00

Extra Units

Number With Disposal:

21
Number With Dishwasher:

14
Number With Refrigerator:

21

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/11/25 Mar 11, 2025	Listed / Active	CRMLS_CA	$8,980,000
7/12/24 Jul 12, 2024	Listed / Active	CRMLS_CA

Multifamily For Sale

$8,980,000

Listing provided by broker:

Han Chen

Growth Investment Group Pasade

han.chen@growthinvestmentgroup.com

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This multifamily located in Downtown Pasadena, Pasadena, CA 91101 is currently for sale for $8,980,000. 239 S Madison Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 239 S Madison Avenue is in the Downtown Pasadena neighborhood of Pasadena and has a WalkScore® of 88, making it very walkable.

Listing Courtesy of: CRMLS_CA and Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of 00:02 on Mar 12.

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.