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200 S Madison Ave
Pasadena, CA 91101 Playhouse Village

$4,480,000 USD

Apartments For Sale • 11,212 SF

Property Details

Property Type Apartments
Total Building Size 11,212 SF
Lot Size 0.29 AC
Building Class C
Year Built 1954
Cap Rate 4.62 %
Zoning R3, Pasadena

50 Transit Score

80 Walk Score

                
                    Highlights
                
                                Premier Madison Heights Location 
                            
                                Copper Plumbing Throughout, Newer Roofs and Dual-Pane Windows
                            
                                Soft-Story Seismic Retrofit Completed and Electrical Subpanel Replacements
                            
                                Attractive 12.75 Current GRM with Rental Upside Potential
                            
                                Professionally Landscaped Grounds and Fifteen On-Site Parking Spaces
                            
                                Minutes to South Lake Avenue, Erewhon, Pasadena Playhouse & Old Town Pasadena

Financial Summary (Actual)

Net Operating Income: $206,814 USD (2026)

Cap Rate:	4.62 %
Total Expenses:	$133,931 USD

Amenities

24 Hour Access
Controlled Access
Dishwasher
Disposal
Heating
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Online Services
Freezer
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	9.6 mi
Transit/Subway	Drive	Walk	Distance
Del Mar Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	14 min	0.7 mi
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	18 min	0.9 mi
Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	17.1 mi
Los Angeles International	40 min	-	25.0 mi
Long Beach (Daugherty Field)	41 min	-	26.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Benjamin Hsiang 818-517-0845 Realty Investment Advisors

200 S Madison Ave Pasadena, CA 91101 Playhouse Village