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$1,283,691
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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!
Full Property Details
Full Property Details for 865 N Madison Ave
General
- Sold For: $1,283,691
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SR25048636
- Added to Site: 318 day(s) ago
Interior
- Rooms/Areas: Kitchen
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Location
- Area: 646 - Pasadena (NE)
- County: Los Angeles
- Development Name: 646 - Pasadena (NE)
- Driving Directions: Cross streets are E Orange Grove Blvd and N Los Robles Ave.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 4
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: Front entrance
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,018
- Year Built: 1949
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.3244
- Lot Size Source: Assessor
- Zoning: PSR6
- Lot Description: Back Yard, Front Yard, Lot 10000-19999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $636.12
- Price Per Unit: 312250
Listed by Park Regency Realty, Carey Eckert and Park Regency Realty, Martha Anguiano
Sold by eXp Realty of California Inc, Patrick Lee
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Schools
Schools serving 865 N Madison Ave
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Pasadena, CA 515 East Ashtabula Street, Pasadena, CA 91104 | K-5 | 0.1 mi |
Octavia E. Butler Magnet School 1505 North Marengo Avenue, Pasadena, CA 91103 | 6-8 | 0.9 mi |
John Muir High School 1905 N. Lincoln Ave., Pasadena, CA 91103 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 865 N Madison Ave
Date
Details
Price
Change
Source
7/21/2025
Sold
$1,283,691
2.78%
MLS
3/05/2025
Listed
$1,249,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
865 N Madison Avenue, Pasadena, CA 91104 (MLS# SR25048636) is a Multi-Family property that was sold at $1,283,691 on July 21, 2025. Want to learn more about 865 N Madison Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

