Active

623 N Madison Avenue

Pasadena CA, 91101

$4,000,000


$716.33 per sqft

Active

5,584 sqft

Multi-family

Built in 1923

Listed by Wei Wang with RE/MAX CHAMPIONS 909-949-0605

Rear opportunity. 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. Three units been remodeled through out in year 2020-2023.

CV23167803

MLS ID

September 7, 2023

Listed

February 16, 2024

Updated

Map

623 N Madison Avenue
Pasadena CA, 91101

Interior Features

Total Stories

1


Laundry Description

Inside


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.55 Acres


Lot Features

6-10 Units/Acre, Garden


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

110


Garage

Yes


Garage Spaces

5


Parking Total

5


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

PSR1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

9/22/2023

Price Change

$4,000,000

5%

9/18/2023

Price Change

$3,799,900

-5%

Listing Contact: 909-949-0605 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 2/16/2024 at 6:17 AM UTC

 

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