200 S Madison Ave, Pasadena, CA 91101
Property image
Property image
FOR SALE
NEW - 5 HRS AGO
0.29 ACRES

200 S Madison Ave
Pasadena, CA 91101

South
  • 10 Beds
  • 16 Baths
  • 11,212 sqft (on 0.29 acres)

$4,480,000

Est. Mortgage $26,781/mo*
Get Pre-Qualified

$4,480,000

Est. Mortgage $26,781/mo*
Get Pre-Qualified
10 Beds
16 Baths
11,212 sqft
(on 0.29 acres)

Local Information

  • Map ViewExplore the area around 200 S Madison Ave.
  • Schools1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

We are pleased to present 200 South Madison Avenue, a rare opportunity to acquire a pride-of-ownership 16-unit multifamily asset in the highly coveted Madison Heights neighborhood of Pasadena. The property combines an irreplaceable location, strong in-place cash flow, and meaningful rental upside, making it an exceptional long-term investment opportunity. The property consists of sixteen well-designed units, including one two-bedroom/one-bathroom unit, eight one-bedroom/one-bathroom units, and seven studio units, providing a diverse unit mix that appeals to a broad tenant base. Current ownership has completed numerous capital improvements, including the mandatory soft-story seismic retrofit, copper plumbing upgrades, newer roofing, fresh exterior paint, and interior unit renovations. The property is separately metered for gas and electricity and offers fifteen on-site parking spaces. Situated on a prominent 12,774-square-foot corner lot, 200 South Madison Avenue enjoys one of the most desirable residential locations in Pasadena. Residents benefit from immediate access to South Lake Avenue's premier dining and shopping destinations, Erewhon Market, the Pasadena Playhouse District, and Old Town Pasadena. The property's tree-lined setting, walkable neighborhood amenities, and proximity to major employment centers continue to drive strong tenant demand. Additional amenities include professionally landscaped grounds and a well-maintained on-site laundry facility, providing residents with added convenience while generating supplemental income for ownership. Currently operating at approximately a 12.75 GRM, the property offers investors the opportunity to capture significant future rent growth through the repositioning of below-market leases while benefiting from Pasadena's historically strong rental market fundamentals. Opportunities to acquire quality assets on Madison Avenue are exceedingly rare, particularly in a neighborhood where properties are often held for generations. 200 South Madison Avenue represents a unique opportunity to acquire a turnkey multifamily investment in one of Southern California's most prestigious and supply-constrained submarkets.

Home Highlights

Parking
Carport
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$400
Listed
Less than a day ago

Home Details for 200 S Madison Ave

Interior Features

Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 16
Dimensions and Layout
Living Area: 11212 Square Feet
Heating & Cooling
Heating: WallHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Wall
Levels, Entrance, & Accessibility
Stories: 2Levels: Multi/Split

Exterior Features

Exterior Home Features
Other Structures: None
Parking & Garage
Has a CarportNo GarageNo Attached GarageParking Spaces: 15Parking: Carport,Assigned

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1954
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Property Information
Parcel Number: 5734015024

Price & Status

Price
List Price: $4,480,000Price Per Sqft: $400

Active Status

MLS Status: Active

Location

Direction & Address
City: Pasadena

Agent Information

Listing Agent
Listing ID: 26857859

Building

Building Area
Building Area: 11212 Square Feet

Lot Information

Lot Area: 0.29 acres

Listing Info

Special Conditions: Standard

Business

Expense
Tenant Pays: Gas, Electricity

Rental Terms, Policies & Fees

Owner Pays: Water, Grounds Care

Miscellaneous

Mls Number: 26857859
Last check for updates: about 5 hours ago
Listing courtesy of Benjamin J. Hsiang DRE # 01438644, (424) 377-6001
Realty Investment Advisors, Inc.
Alexander Metaxas DRE # 01784652, (626) 487-4300
Realty Investment Advisors, Inc.
Source: CLAW, MLS#26857859
Also Listed on CRMLS.

Market trends in Pasadena

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.23M
$55KMoM
Sale-to-List Price
101.8%
1.2%MoM
Price per sq ft
$802
$9MoM
Available listings
375
30MoM

Price History for 200 S Madison Ave

DatePriceEventSource
07/09/2026$4,480,000Listed For SaleCLAW #26857859

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 200 S Madison Ave

Skip to last item
Skip to first item

Comparable Sales for 200 S Madison Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
697 Mira Monte Pl, Pasadena, CA
0.15
Multi-Family Home
$2,995,000
12/26/25
9
7
6,403
482 S El Molino Ave, Pasadena, CA
0.35
Multi-Family Home
$2,965,000
10/01/25
12
10
8,162
210 S Catalina Ave, Pasadena, CA
0.51
Multi-Family Home
$2,735,000
01/09/26
13
12
8,945
420 S Euclid Ave, Pasadena, CA
0.37
Multi-Family Home
$2,750,000
07/30/25
10
7
6,133
467 S El Molino Ave, Pasadena, CA
0.32
Multi-Family Home
$1,970,000
11/14/25
6
7
4,004
434 S Euclid Ave, Pasadena, CA
0.38
Multi-Family Home
$2,150,000
07/30/25
8
6
4,309
215 S Madison Ave, Pasadena, CA
0.04
Multi-Family Home
$10,250,000
06/30/26
41
42
34,815
221 N Raymond Ave, Pasadena, CA
0.82
Multi-Family Home
$4,200,000
01/23/26
12
15
8,568
423 N Garfield Ave, Pasadena, CA
0.85
Multi-Family Home
$2,850,000
05/08/26
16
12
9,272

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 200 S Madison Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

South
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about South

At least 205 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 90 % Say there are sidewalks

  • 88 % Say it's walkable to restaurants

  • 82 % Say it's walkable to grocery stores

  • 74 % Say people would walk alone at night

  • 72 % Say streets are well-lit

  • 69 % Say car is needed

  • 59 % Say they plan to stay for at least 5 years

  • 58 % Say parking is easy

  • 57 % Say there's holiday spirit

  • 57 % Say it's quiet

  • 46 % Say neighbors are friendly

  • 46 % Say yards are well-kept

  • 40 % Say kids play outside

  • 38 % Say there's wildlife

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Very walkable area! Dog friendly places in the neighborhood. Safe neighborhood. But there are coyotes. "
    1
    Flag
  • Vivi Wei Tian
    "The owner let the dog pee or Poop at the lawn area even there are signs that not allow to pee or poop"
    1
    Flag
  • Anthony Francis
    "A long rich history, and the beautiful architectural homes Excellent school district and shops in different places to eat in down South. Pasadena is a beautiful City to live in"
    2
    Flag
  • Tawny Y.
    "Even though people are good about picking up their dogs’ poo, not everyone is a responsible dog owner. I rarely ever see any leash-less dogs. However, some people claim their dogs are service dogs when they’re out of control. Most places here do not like big dogs in the complexes. "
    2
    Flag
  • Trulia User
    "PASADENA is so friendly and quaint, we love it! It is a very family-first city. There’s no other place we’d wanna be!"
    0
    Flag
  • Trulia User
    "Dogs are not allowed in my apartment building. Maybe a near by apartment allows pets but I rarely see people walking dogs in this area"
    1
    Flag
  • Trulia User
    "All is well… live, love and laughter… thrift stores prove that giving back is everything. I would invite folks from all over California here. "
    0
    Flag
  • Trulia User
    "Friendly/ approachable neighborhoods and neighbors…. Pet friendly Community/ equal opportunity, love and respect 🫡 "
    0
    Flag
  • Trulia User
    "We moved back up here from Newport Beach just before the pandemic. Aside from the lack of ocean, it’s hard to beat this area. There’s something for everyone, whether you love the outdoors or the Old Town vibe. Even though I sell more real estate in other areas, I love living in this one."
    3
    Flag
  • Trulia User
    "Lots of people and their dogs. Walking score high. But. Very busy for sure. Friendly neighbors Lots of restaurants and coffee tea shops "
    0
    Flag
  • Trulia User
    "This is a very walkable community. It is close to Old Town Pasdena and lots of restaurants and shops. It is also close to the Metro train that can take all over Las Angeles. There is also local bus service."
    1
    Flag
  • Trulia User
    "Neighborhoods are safe and friendly. Neighbors and their dogs become friends. People hold themselves accountable to their community "
    0
    Flag
  • Trulia User
    "Madison Heights Community happy hours, Easter egg hunt, and other holiday celebrations are a great feature of this neighborhood that are put on yearly by the association. neighborhood watch is also active and vigilant."
    0
    Flag
  • Rolando G.
    "Quiet, safe, beautiful, clean convenient, friendly, comfortable, fun, diverse, full of smartens kind people al around. "
    3
    Flag
  • J
    "I’ve lived here for 11 years. Love the walkability, it’s nearby restaurants, parks, and shopping. Very safe. "
    15
    Flag
  • Naima G.
    "This is an absolute amazing neighborhood! It is not the type where your neighbors stay inside all day and never come out, or the type who are always nosy. It is perfect! At night there is no parties going on until like 3:00 or anything! It is quiet and nice, in the morning the birds are tweeting and you see people walking their dogs, biking, or just jogging! I totally recommend this neighborhood!"
    18
    Flag
  • Michelle K.
    "You see people out walking dogs all the time. Friendly neighbors, tree-lined streets, quiet traffic. "
    3
    Flag
  • Joanna G.
    "It’s well-maintained and near shops. It has friendly neighbors and it’s just a great place to live. Quiet at night but active during the day. Runners and dog walkers on the street. Bustling and historic and tree lined. "
    9
    Flag
  • Dg
    "The neighborhood is very conscientious and everyone does their part to take care of the area and to keep it safe."
    0
    Flag
  • Faith L.
    "There was a block party that I saw we had for the first time on El Molino. What a quaint and family friendly event "
    0
    Flag
  • Mr. H
    "The Rose Parade of course is always fun and Christmas is beautiful with the decorations on Lake Ave. "
    1
    Flag
  • Jeff M.
    "We lived here for three years. Loved the neighborhood, the neighbors and the walkability of Pasadena."
    0
    Flag
  • Daphne
    "Pasadena has all kinds of wonderful events. Cultural events and etc. A rare neighborhood in LA that I can walk around without car. "
    0
    Flag
  • Andrew M.
    "Great location with access to groceries, restaurants and shops. Very safe and clean. Safe distance from busy and freeways."
    3
    Flag
  • Rev2002
    "Very dog friendly. A few buildings in the area are also dog friendly. There is not a close by dog park however."
    1
    Flag
  • Shauna U.
    "There are great parks and very walkable neighborhood attractions. I don’t often see small children, but there are a lot of apartment buildings in the area"
    0
    Flag
  • Hurong
    "The community has the perfect location. I can walk to Trader Joe’s, shopping mall and restaurants in 2 mins. Also, jogging in the cal tech. I’d like living here. "
    11
    Flag
  • Yrkliu
    "It’s quite, residential, but near nice commercial establishments. It’s a well manicured area with lots of grass and flowers. "
    0
    Flag

LGBTQ Local Legal Protections

Benjamin J. Hsiang, Realty Investment Advisors, Inc.
Agent Phone: (424) 377-6001
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-07-09 12:40:43 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Some IDX listings have been excluded from this website.
200 S Madison Ave, Pasadena, CA 91101 is a 10 bedroom, 16 bathroom, 11,212 sqft multi-family built in 1954. 200 S Madison Ave is located in South, Pasadena. This property is currently available for sale and was listed by CLAW on Jul 9, 2026. The MLS # for this home is MLS# 26857859.