865 N Madison Avenue, Pasadena, CA 91104
- $1,283,691
- Sold Price
- $1,283,691
- List Price
- $1,249,000
- Closing Date
- Jul 21, 2025
- Status
- CLOSED
- MLS#
- SR25048636
- Year Built
- 1949
- Lot Size
- 14,131
- Acres
- 0.32
- Lot Location
- Back Yard, Front Yard
- Days on Market
- 8
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
Prime Pasadena 4-Plex with Expansion Potential! Fantastic investment opportunity in Pasadena! This spacious single-level 4-plex sits on one of the largest lots in the area, offering both immediate rental income and future development potential. The property consists of four units: one 2-bed/1-bath, one studio/1-bath, and two 1-bed/1-bath units. Currently, three units are rented, while the vacant 1-bed/1-bath has been fully remodeled and is move-in ready—perfect for an owner-occupant or new tenant. Additional highlights include onsite parking, ample tenant space, and a large rear flat lot with the possibility for future expansion or additional units (buyer to verify). Don’t miss this rare chance to own a versatile income property in a highly desirable Pasadena location!
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Additional Information
- Pool Description
- None
- View
- Neighborhood
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $28,580
- Operating Expense
- 18600
Listing courtesy of Listing Agent: Carey Eckert (carey.eckert@gmail.com) from Listing Office: Park Regency Realty.
Listing sold by Patrick Lee from eXp Realty of California Inc
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.