623-641 North Madison Avenue

Pasadena, CA 91101

$3,000,000
Last Sold Price
—
Beds
5,584 Sq. Ft.
$537 / Sq. Ft.
5,584
Sq. Ft.
$537
per Sq. Ft.

Description

We are pleased to present the Cypress Court, an eight (8) unit bungalow court style housing complex located at 623 & 641 N. Madison Avenue in Pasadena, CA. Built in 1923 and 1928, respectively, the court consists of a total of eight (8) homes consisting of two (2) 1 bed/1 bath home and six (6) 2 bed/1 bath homes. Each of the bungalows is uniquely designed in the Colonial Revival style, featuring gable roofs and gabled porches supported by columns. Units are situated spaciously apart from one another...We are pleased to present the Cypress Court, an eight (8) unit bungalow court style housing complex located at 623 & 641 N. Madison Avenue in Pasadena, CA. Built in 1923 and 1928, respectively, the court consists of a total of eight (8) homes consisting of two (2) 1 bed/1 bath home and six (6) 2 bed/1 bath homes. Each of the bungalows is uniquely designed in the Colonial Revival style, featuring gable roofs and gabled porches supported by columns. Units are situated spaciously apart from one another providing ample outdoor space for each bungalow. Each bungalow features wood floors, fireplaces, individual water heaters and washer/dryer hookups. The homes total 5,584 of building square footage and sit over three (3) parcels of land totaling a sprawling 0.55 acres, which is PSR1 zoned. Built by contractor Arthur G. Gehrig, Cypress Court was added to the National Register of Historic Places on July 11, 1983. Cypress Court is a value-add opportunity in which new ownership has an opportunity to increase rents by virtue of implementing a renovation program to the unit interiors and exteriors. Current rents are approximately thirty-five percent (35%) below market.
  1. Listed by Thomas Flanagan • DRE #P20019 • COMPASS
  2. Listed by Matthew Ziegler • DRE #01280909 • Marcus & Millichap

Property Details for 623-641 North Madison Avenue

Subdivision Name
Not Applicable
Garage Spaces
5.00
View
None

Location

Listing Courtesy of COMPASS, Thomas Flanagan, DRE #P20019; Marcus & Millichap, Matthew Ziegler, DRE #01280909

Sold By Heyday Investments Inc, Xiao Cash Li, DRE #01385377; RE/MAX PREMIER/SANMARINO, LINA ZHANG, DRE #01188114

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LISTING UPDATED: 04/27/2022 01:30 PM

Property Details for 623-641 North Madison Avenue

StatusClosed
MLS #P1-6778
Days on Market58
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.55 AC / 23,958 SF
CountyLos Angeles County

Location

Listing Courtesy of COMPASS, Thomas Flanagan, DRE #P20019; Marcus & Millichap, Matthew Ziegler, DRE #01280909

Sold By Heyday Investments Inc, Xiao Cash Li, DRE #01385377; RE/MAX PREMIER/SANMARINO, LINA ZHANG, DRE #01188114

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Building Information for 623-641 North Madison Avenue

Stories-Residences-Year Built1923Building Size-Lot Size0.55 AC / 23,958 SF

Payment Calculator

$16,372 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 623-641 North Madison Avenue

Summary
Location and General Information
  • Building Area Total: 5,584.00
  • Community Features: Sidewalks
  • City: Pasadena
  • Country: US
  • Directions: N Madison Ave & E Orange Grove Blvd
  • Area: PAS - Pasadena (L)
  • Postal Code Plus4: 1109
  • Unparsed Address: 623-641 North Madison Avenue, Pasadena, CA 91101
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $990.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Additional Parcels Description: 3 parcels total: 5731005048; 49; 57
  • Additional Parcels: Yes
  • Lot Features: Sprinklers None
  • Lot Size Acres: .55
  • Lot Size Square Feet: 23,958.00
  • Lot Size Area: .55
  • Lot Size Units: Acres
  • Parcel Number: 5731005049
  • Zoning: PSR1
  • Property Type: Residential Income
  • Property Sub Type: Commercial/Residential
Property and Assessments
  • Common Walls: Detached/No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $3,839.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Privacy
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Total Bathrooms: 0
  • Fireplace: Yes
  • Heating: Yes
  • Living Area: 5,584.00
  • View: No
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $154,260.00
  • Net Operating Income: $84,411.00
  • Electric Expense: $1,026.00
  • Insurance Expense: $2,792.00
  • Number Of Buildings: 8
  • Operating Expense: $65,221.00
  • Special Listing Conditions: Trust
  • Trash Expense: $6,712.00
Rental
Rental Information
  • Rent Control: Yes

Property History for 623-641 North Madison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 623-641 North Madison Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Thomas Flanagan, DRE #P20019; Marcus & Millichap, Matthew Ziegler, DRE #01280909

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.