4 months on rocket

239 S Madison Ave, Pasadena, CA, 91101

$9,300,000

0 Baths
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingAttached Carport, Assigned, Carport, Detached Carport
Year Built1951
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #AR24143469
Lot Size0.46 Acres
StatusActive

About 239 S Madison Ave

239 S Madison Ave, a beautifully upgraded multifamily investment opportunities located in one of the best locations in Pasadena. 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1951
  • Stories: 2

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Range, Refrigerator, Range Hood, Dryer, Washer
  • Flooring Type: Laminate, Wood
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Attached Carport, Assigned, Carport, Detached Carport

Lot Features

Lot Information:

  • Lot: Near Public Transit, Rectangular Lot
  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: South of Cordova st and north of Del Mar Blvd, east of los robles ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $9,300,000

Tax Information:

  • Annual Amount: $77,551
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Pasadena, CA.

Map thumbnail provided by MapBox

Pasadena, CA

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$765

Avg. Days On Market

40

# of Sold Homes

85

239 S Madison Ave vs Pasadena

127 DAYS ON ROCKET

+87 Days

$9,300,000

+$8.0M More

KEY TAKEAWAY

This property is $8.0M more than the Median Sold Price in Pasadena, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR24143469

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 17, 2020Home Sold
$6,800,000

Tax History

YEARPROP. TAXASSESSMENT
2021$77,551$6,850,000
2020$11,279$658,769
2019$11,053$645,853
2018$10,907$633,191
2017$10,907$620,777

History based on county public records data.

Payment Calculator

$46.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$27.9K

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-352292
4
/10

  • Madison Elementary School

  • 515 E Ashtabula St

  • 1.21 miles

  • Public District Grades PK-5

school-card-donut-352293
6
/10

  • Hamilton Elementary School

  • 2089 Rose Villa St

  • 1.80 miles

  • Public District Grades PK-5

school-card-donut-352294
5
/10

  • San Rafael Elementary School

  • 1090 Nithsdale Rd

  • 2.00 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,656. Most Pasadena, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 239 S Madison Ave

What is the listing price of this property?

The listing price of 239 S Madison Ave property is $9,300,000.

What type of property is this?

The property 239 S Madison Ave is a condo located in Pasadena, California, 91101.

Is this property for sale now?

Active Listing: 239 S Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $77,551 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 17, 2020 for $6,800,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 239 S Madison Ave is 1951.
Rocket Homes logo

Interested in 239 S Madison Ave? Let's connect.

Contact Us

(855) 200-2001

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.

Rocket Homes›California›Los Angeles County›Pasadena›91101›239 S Madison Ave

This home is located at 239 S Madison Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This home, which was built in 1951, sits on a 0.46 acre lot. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $9,300,000.

Over 38 listings were sold over their listed price in October 2024 in Pasadena, CA. In the same period over 37 listings were sold below the listed price and 10 listings were sold for the listed price. The number of listings in Pasadena, CA increased by 4.4% between September 2024 and October 2024. In October 2024 median list price was $1,204,134 and the average listing age was 40 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources