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199 S Madison Ave
Pasadena, CA 91101 Playhouse Village

$3,650,000 USD

Apartments For Sale  •  12,558 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,558 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 3.50 %
  • Zoning PSR4
67 Transit Score
92 Walk Score

Highlights

Prime Location - Madison Heights
92 Walk Score – WALKER’S PARADISE
Excellent Upside and Value-Add
No Soft-Story Retrofit Required
Corner Location

Financial Summary (Actual)

Net Operating Income: $127,764 USD (2023)
Cap Rate: 3.50 %
Total Expenses: $76,704 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Public Transportation
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 7.3 mi
Transit/SubwayDriveWalkDistance
Del Mar Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 18 min 1.0 mi
Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 21 min - 16.6 mi
Los Angeles International 31 min - 27.6 mi
Long Beach-Daugherty Field 38 min - 31.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Alexander Metaxas 626-313-4901 Realty Investment Advisors
Alexander Metaxas 626-313-4901 Realty Investment Advisors