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215 S Madison Ave
Pasadena, CA 91101 Playhouse Village

$11,500,000 USD

Apartments For Sale  •  34,815 SF

Property Details

  • Property Type Apartments
  • Total Building Size 34,815 SF
  • Lot Size 0.44 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 5.60 %
  • Zoning PSR4
50 Transit Score
80 Walk Score

Highlights

Trophy Asset in a Premier Pasadena Location Near Playhouse Village, Madison Heights, Old Pasadena, and The Shops on Lake Avenue
Meticulously Maintained and Professionally Managed Throughout Ownership
Excellent Unit Mix Consisting of Large 1-Bedroom 1-Bath & 2-Bedroom 2-Bath Units
5.6% Cap on Current, 7.4% With Market Rents
New Roof (2020), Copper Re-Pipe (2018), All Balconies and Decks Have Been Reinforced
Cap Rate: 5.60 %

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
Del Mar Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.8 mi
Memorial Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 24 min - 17.1 mi
Los Angeles International 39 min - 25.0 mi
Long Beach (Daugherty Field) 41 min - 26.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Ryan Loria 714-604-6608 Triqor Group
Ryan Loria 714-604-6608 Triqor Group