$11,500,000
215 S Madison, Pasadena CA 91101
Multi-Family (34 Units)
Property type
1 day
On market
$330
Price per sqft
0 cars
Garage
1972
Year built
19,002 sqft
Lot size
Open Houses
Overview
Madison Luxury Apartments presents a rare opportunity to acquire a meticulously maintained 34-unit apartment community in the heart of Pasadena, ideally positioned between the highly desirable Madison Heights and Playhouse Village neighborhoods. Offered for sale for the first time since its original construction, this trophy asset features an attractive mix of spacious...
Listing provided by: Ryan Loria DRE #02006138, Triqor Group
Listing updated: Jun 5, 2026 at 06:55pm.
Last checked: Jun 5, 2026 at 07:30pm
Source: CRMLS #PW26122848
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 27 | 1 | 1 | — | $2,221 | $59,967 | $2,795 | Unfurnished |
| 6 | 2 | 2 | — | $2,730 | $16,380 | $3,195 | Unfurnished |
| 1 | 2 | 3 | — | $3,295 | $3,295 | $3,295 | Unfurnished |
# of Buildings: 1
# of Units Total: 34
Separate Electric Meters: 34
Separate Gas Meters: 1
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
11.9x
List Price / Annual Gross Rent
Cap Rate
5.6%
NOI / List Price
Gross Scheduled Income: $964,753
Operating Expense: $291,591
Net Operating Income: $644,220
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 3
Common Walls: Two Common Walls Or More
Lot Features: Irregular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Uncovered Spaces: 25
Carport Spaces: 25
Parking Total: 50
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5734010001
Additional Parcels: No
Tax Lot: 21
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 215 S Madison, Pasadena, CA 91101. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$9,200,000
Total Interest
$11,734,093
Total Payment
$20,934,093
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$70,279
per month
Property History for 215 S Madison
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91101.
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