Property profile

120 Madison Ave Pasadena, CA 91101

OFF-MARKET
Office buildings
Property ID
US09-6380540
3,281 SF 0.28 ac lot Built 1908
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,633 square foot Class A office building presents a unique owner-user opportunity in Pasadena's Playhouse District. Built in 1910 and designed by renowned architect Sylvanus Marston, this two-story bungalow boasts outstanding natural light and a highly flexible layout, accommodating up to nine sizable private offices. Recent upgrades include energy-efficient improvements such as wall and window insulation, LED lighting, and a complete HVAC system overhaul in 2012. The property features 50 solar panels and an EV charging station, reflecting a commitment to sustainability. Additional amenities include a full two-car garage offering ample storage potential, a dedicated conference room, a library with a faux fireplace, and CAT 5 cabling throughout. The building sits on a 12,197 square foot lot, zoned CD-MU-N within the Pasadena Playhouse District, providing convenient access to local amenities. Carpet and paint were refreshed in 2012. The monitored security system ensures peace of mind. This is a rare chance to own a piece of Pasadena's architectural history while enjoying modern conveniences. The asking price is $3,150,000, translating to $867.05 per square foot. The property is fee simple ownership.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1908
Construction WOOD
Total area 3,281 SF
Lot 0.28 ac (11,999 SF)
Zoning code PSC
APN 5723-014-020
UPID US09-6380540

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Corporate Office
  • Consultant

Location

120 Madison Ave Pasadena, CA 91101-1710
Pasadena metro Census 462202 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$3.1M
7 recorded transactions
2024
$3.1M
2024
Price N/A
2021
Price N/A
2010
Price N/A
2008
Price N/A
2008
Price N/A
1989
$248,500

Zoning & alternative use

PSC · Pasadena, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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