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731 + 733 + 735 N Madison Ave | Pasadena, CA 91104

TRIPLEX - DELIVERED VACANT. Well maintained triplex on a tree-lined street in highly desirable Pasadena. Built in 1953 and on the market for the first time in 30+ years.  Unit mix is as follows: Two spacious one bedroom + one-bath units (731 – end unit & 733 middle unit) each with living room, dining area and kitchen, which have an open concept feel, center hallway with cabinetry, and the generous sized bedroom has ample storage cabinets and closet space against an entire wall. The third unit (735) is the largest, a two bedroom + one bath unit with spacious living room, dining area and U-Shaped kitchen with wood cabinetry. The two bedrooms are off a hallway and are quite spacious, one with large corner windows common in this era of architecture.

The units have a nice charm to them and retain some character features which blend into a very functional floorplan. In addition, the end-unit, (731) has nice large corner windows in the living room, and the middle unit, (733) still has unique art deco styled kitchen cabinets with tell-tale rounded wood corners.

This is a wonderful long-term investment, 731, 733, 735 N Madison Street is situated on a corner lot and has a large gated side yard. Each unit has a private back patio space. Amenities/upgrades/features: Three-car carport, freshly painted exterior, large low-maintenance yard with pretty trees/shrubs, separate laundry room shared by all the units and one outdoor storage room.

Large side yard may offer some future building opportunities. Buyer to research and do due diligence about feasibility of adding an ADU and/or Jr. ADU. Upside potential in a fantastic area. Zoned PSR6.

 

Conveniently located close to fantastic shops & restaurants, moments from Old Town Pasadena, the Rose Bowl, Rose Bowl Aquatic center, local parks, hiking trails and easy access to freeways. Units are currently tenant occupied. Perfect investment opportunity in high-demand rental area.

3 Units:

731 - 1BR + 1BA

733 - 1BR + 1BA

735 - 2BR + 1BA

2214

Total Sq Ft

7116

Sq Ft Parcel

$1,069,000

  Offering Price

1953

Year Built

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