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!
Sold for $1,283,691
Listed by: Park Regency Realty • Carey Eckert • Contact: 818-363-6116
Bought with: eXp Realty of California Inc
$1,283,691
865 N Madison Ave, Pasadena, CA 91104
4beds
4baths
2,018sqft
Quadruplex
Built in 1949
-- sqft lot
$1,281,000 Zestimate®
$636/sqft
$2,966 Estimated rent
Home value
$1,281,000
$1.15M - $1.42M
$2,966/mo
Zestimate® history
Owner options
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$2,966/mo
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$2,966/mo
Rent Zestimate®
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$8,153/mo
Est. payment
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$8,153/mo
Est. payment
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List your homeWhat's special
Large rear flat lotMove-in readyPossibility for future expansionOnsite parking
Zillow last checked:
Listing updated:
Listed by:
Carey Eckert DRE #01344238 818-298-9790,
Park Regency Realty,
Martha Anguiano DRE #01969596,
Park Regency Realty
Bought with:
Patrick Lee, DRE #01976070
eXp Realty of California Inc
Source: CRMLS,MLS#: SR25048636
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Rooms
- Room types: Kitchen
Appliances
- Laundry: None
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,018
- Total interior livable area: 2,018 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Front entrance
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.32 Acres
- Features: Back Yard, Front Yard
Details
- Parcel number: 5731001010
- Zoning: PSR6
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights, Sidewalks
Location
- Region: Pasadena
Financial & listing details
- Price per square foot: $636/sqft
- Tax assessed value: $943,900
- Annual tax amount: $11,810
- Date on market: 3/5/2025
- Cumulative days on market: 10 days
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2025 | Sold | $1,283,691+2.8%$636/sqft |
Source:  CRMLS #SR25048636 Report a problem | ||
| 3/18/2025 | Pending sale | $1,249,000$619/sqft |
Source: CRMLS #SR25048636 Report a problem | ||
| 3/5/2025 | Listed for sale | $1,249,000+35%$619/sqft |
Source: CRMLS #SR25048636 Report a problem | ||
| 9/22/2023 | Sold | $925,000$458/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,810 +4.8% | $943,900 +2% |
| 2024 | $11,265 +443.1% | $925,400 +973.1% |
| 2023 | $2,074 +2.6% | $86,237 +2% |
| 2022 | $2,021 +3.8% | $84,555 +2% |
| 2021 | $1,947 +2.2% | $82,905 +1% |
| 2020 | $1,905 | $82,060 +2% |
| 2019 | $1,905 +6.7% | $80,460 +2% |
| 2018 | $1,786 | $78,891 +2.5% |
| 2017 | $1,786 +2.1% | $76,953 +2% |
| 2016 | $1,750 +3.5% | $75,445 +1.5% |
| 2015 | $1,690 +0.8% | $74,313 +2% |
| 2014 | $1,676 | $72,859 +4.5% |
| 2011 | -- | $69,717 +0.8% |
| 2010 | -- | $69,197 +1.8% |
| 2008 | -- | $68,004 +4% |
| 2006 | -- | $65,366 |
| 2005 | -- | $65,366 +6% |
| 2003 | -- | $61,678 +2% |
| 2002 | -- | $60,470 +4% |
| 2000 | -- | $58,123 |
Find assessor info on the county website
Neighborhood: North Central
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Nearby schools
GreatSchools rating
- 2/10Madison Elementary SchoolGrades: K-5Distance: 0.1 mi
- 4/10Octavia E. Butler Magnet SchoolGrades: 6-8Distance: 0.9 mi
- 4/10John Muir High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,281,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,281,000
- California
- Los Angeles County
- Pasadena
- 91104
- North Central
- 865 N Madison Ave
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Nearby neighborhoods
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