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Sold on 07/21/2025
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865 N Madison Ave, Pasadena, CA 91104

$1,213,000

Last sold 07/21/2025 for $1.28M

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    bed

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    bath

Multi-family not for sale
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About 865 N Madison Ave

Property type Multi-family
Neighborhood
Year built 1949
HOA fee $0/month
Lot size 0.32 Acre
Movoto estimate
Rental estimate
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!
Listed by
Listing Agent - Carey Eckert
Listing Agent Contact: 818-298-9790
Listing Office - Park Regency Realty
Source: CRMLS mls logo
MLS#SR25048636 • last updated 1 year ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Quadruplex
Status Pending
Lot Size (Acres) 0.3244
Lot Size (SqFt) 14131
Year Built 1949
Interior
Laundry None
Other Room(s) Kitchen
Exterior
Building Area Square Feet, 2018
Lot Description Back Yard, Front Yard, Lot 10000-19999 Sqft
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Curbs, Sidewalks, Street Lights
Zoning PSR6
Directions Cross Streets Are E Orange Grove Blvd And N Los Robles Ave.
APN 5731001010
Multifamily Details
Operating Expense 18600
Expense: Insurance 18000
Total Expenses 18600
Gross Income 28580
Expense: Electric 600
Gross Scheduled Income 28580
$1.21M
Range: $1.09M-$1.33M
Last 30 days 
Rental est.: $1,642/month
Gross rent multiplier: 65.1
  • Jul 2025
    mls logo MLS # SR25048636
  • Jul 23, 2025 Sold
    $1,283,691
  • Mar 18, 2025 Pending
    —
  • Mar 5, 2025 Listed
    $1,249,000 (+35.0%)
  • Jul 2025
    Public Records
  • Jul 21, 2025 Sold
    $1,284,000 (+2.8%)
  • Sep 2023
    Public Records
  • Sep 22, 2023 Sold
    $925,000
  • Year Property taxes Tax assessment
  • 2024
    $11,265 +443.1%
    $925,400 +973.09%
  • 2023
    $2,074 +2.6%
    $86,237 +1.99%
  • 2022
    $2,021 +3.8%
    $84,555 +1.99%
  • 2021
    $1,947 +2.2%
    $82,905
  • 2020
    $1,905 +6.7%
    $82,905 +3.04%
  • 2018
    $1,786 +2.1%
    $80,460 +4.56%
  • 2017
    $1,750 +3.5%
    $76,953 +2.0%
  • 2016
    $1,690 +1.3%
    $75,445
  • 2015
    $1,668
    —
  • 865 N Madison Ave
    $1.28M
  • The Oaks
    $748K -47% y/y
  • 91104
    $1.29M -5% y/y
  • Pasadena
    $1.14M -10% y/y
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Statistics calculated by Movoto

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3/10
Madison Elementary School
public Grades K-5
Pasadena Unified School District
4/10
John Muir High School
public Grades 9-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. 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.
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