Property Detail

200 Madison

Pasadena CA 91101

$4,480,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Benjamin J. Hsiang of Realty Investment Advisors, Inc.. Last updated 2026-07-25 08:11:12.000000. Listing information © 2025 CRMLS.

Ever Eternity

Ever Eternity

CA DRE# 01794748

1111 Prospect St, Suite 100 La Jolla,
​​​​​​​CA 92037

858.688.4113

Contact Me
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Welcome

Meet Ever

Ever Eternity is Your Local Real
Estate Professional

Whether it's your first townhouse, vacation property or coastal dream home, I will work to find the property that's best for you. I am able to anticipate and fulfill each of my clients needs, in order to find the perfect home for them and their family. I am here to work with you, to find the best fit for you, and am excited for the opportunity.

People choose to work with me for my full service expertise, experience and ethics. My base of loyal customers is the reason I am successful in this competitive sales market.

​My attention to detail allows me to find dream homes for buyers, and build thorough home marketing plans for my sellers. I have great pride in my negotiation skills and believe in transparency and full disclosure throughout each deal. I value open communication with my clients and welcome questions from start to close.

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"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"Ever was simply excellent. He is thorough, approachable and very knowledgable of the house buying process. We appreciated his manner and help throughout our purchase process - he never made us feel pressured to select a house and helped us find a perfect match. He was especially helpful when we needed to juggle urgent travel during the Escrow process, helping us set up power of attorney. We would recommend Ever to any type of buyer and will certainly use him for any future real estate needs that we have."

"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

"Ever has been my agent through two purchases and one sale. He has a keen sence of the market and knows how best to price and time sales and purchases. He makes sure to get the job done and places the most importance on making his satisfying his clients wishes to the best of his ability. He works well with escrow, property managers, and whomever he needs to speak with."

"Working with Ever was a joy. We had a number of unexpected challenges during the process of selling our house and Ever was consistently there to help, guide, and support us. He was always available for consultation and never lost sight of the immediate issues nor the long term goals. Ever was an exemplary professional in every way and I would highly recommend him."

"Working with Ever was a great experience. Selling our Mom's house was emotionally difficult for us. Ever guided us thru the process and made it smooth and easy as possible for us. He responded to all of our questions with professionalism and knowledge. He kept us informed of every action during the sale. We trusted his advice and insights and he delivered on everything he said. The sale was quick and smooth and we couldn't be happier. We highly recommend Ever. He definitely knows his business."

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