Sold
623 641 N Madison Avenue
Pasadena CA, 91101
$3,000,000
$537.25 per sqft
Sold
5,584 sqft
Multi-family
Built in 1923
Listed by Thomas Flanagan with COMPASS (626) 205-4040
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.
P1-6778
MLSⓇ ID
September 21, 2021
Listed
February 10, 2024
Updated
Map
623 641 N Madison Avenue
Pasadena CA, 91101
Interior Features
Fireplace
Yes
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Exterior/Building Features
Lot Size
0.55 Acres
Lot Features
Sprinklers None
Sewer
Public Sewer
Other Property Details
Days on Market
58
Garage
Yes
Garage Spaces
5
Parking Total
3
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
PSR1
Buyer Agency Compensation
2%
Listing Contact: (626) 205-4040
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. 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 2/10/2024 at 7:10 AM UTC