- Summary
- Location
- Amenities
Excellent opportunity to acquire a well maintained 12 unit property located walking distance to South Lake and recently opened Erewhon market, Pasadena Playhouse and even Old Town. 199 S. Madison Ave is a corner lot approx. 12,755 SF in size and on what is arguably one of the most desired streets in all of Pasadena. Boasting a unit mix of two 2 Bed + 1 bath units and 10 1 Bed + 1 bath units, many landlords view these as ideal rental apartments. On-site carport parking, separate water heaters, laundry room, separate meters for gas/electricity and a pitched roof are some additional features. NO SOFT-STORY RETROFIT NEEDED! With below market rents, there is excellent rent growth potential for a long-term investor. Property is subject to local Pasadena rent control laws. Don’t miss this chance to invest in such a prized location where few properties trade hands. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.
- Prime Location – Madison Heights
- 92 Walk Score – WALKER’S PARADISE
- Excellent Upside and Value-Add
- No Soft-Story Retrofit Required
- Corner Location
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Current Listings
6 UNITS | PASADENA
We are pleased to present for sale this fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income. The Playhouse District boasts a WALKER’S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper plumbing and W/D inside units…
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6 UNITS | LOS ANGELES
We are proud to present 1296 South Citrus Avenue, a prime 6-unit investment opportunity in the highly desirable Mid-Wilshire submarket! Situated on a spacious 7,052 sq. ft. corner lot, the property features six generously sized 1-bedroom, 1-bathroom units, each equipped with in-unit washers and dryers. This property offers an assumable loan of approximately $720,000 at…
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8 UNITS | LOS ANGELES
Prime 8-unit investment opportunity on the market for the first time since 1996! With five units delivered vacant, this property offers immediate rental upside and flexibility. Featuring an assumable ~$1.7M loan at a competitive 3.94% interest rate, it’s a rare find in a high-demand location near the Beverly Center. Don’t miss this chance to own…
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7 UNITS | ARCADIA
PRICED TO SELL AT UNDER $505 PER SQUARE FOOT! CONDO COMPS ARE SELLING AROUND $600 PER SQUARE FOOT IN ARCADIA!! Offered for sale by the original owner/developer of the complex, this is an extremely rare opportunity for investors to acquire 7 residential units built in 2004 in prime Arcadia with multiple investment options. Option 1:…
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64 UNITS | RTI PLANS | KOREATOWN
Realty Investment Advisors is excited to offer 734 S. Manhattan Place, a 15,000-square-foot TOC Tier 3 vacant lot zoned R4-2 in the heart of Koreatown. This prime development opportunity offers various possibilities, including the option to immediately begin construction on a fully approved 64-unit, seven-story project, or to explore a new design for an ED1…
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ARCO | LA CAÑADA
High volume and established Arco site Stable revenue stream with the potentialopportunity to further expand the convenience store Prime location in a high-income area with strongcustomer demographics Modern hydrogen fueling enabling growth into thealternative fuel market
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9 UNITS | PASADENA
4.8% CAP RATE ON CURRENT RENTS and EXCELLENT LOCATION!! We are pleased to present for sale this 9-unit property in one of the best rental areas of Pasadena. The Playhouse Village area boasts as a WALKER’S PARADISE with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper…
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10 UNITS | SANTA MONICA
RECEIVERSHIP SALE! Hearing date: February 13, 2025 @ 8:30AM. Final deadline for overbid offers January 31, 2025. We are pleased to present 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $832 for 1…
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INDUSTRIAL BUILDING | GARDENA
We’re proud to present 1200 W El Segundo Blvd, an industrial building located in Gardena, CA. This centrally located 16,000 SF brick warehouse is just minutes away from the 91, 105, 11, and 405 freeways. The building divides easily into 5,000 SF and 11,000 SF sections and features one dock-height loading dock, and two ground…
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20 UNITS | PASADENA
OVER 6% CAP RATE AND 10.93 GRM ON CURRENT RENTS! Great investment offering at under $250k per unit on almost 1 acre of land. A Buyer could be looking at over a 6% CASH ON CASH RETURN with this property even with today’s interest rates. Cash cow opportunity in super strong rental location with bulletproof…
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