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623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
623 641 N Madison Avenue
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$3,000,000

623 641 N Madison Avenue

5,584 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 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.

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Location

623 641 N Madison Avenue, Pasadena, CA 91101

Status

Sold
Tom Flanagan

Tom Flanagan

TITLE

Managing Partner

LICENSE

01330299

Property Amenities

Area & Lot
Lot Area 0.55 Acres
Living area 5,584 Sq.Ft.
MLS® ID P1-6778
Year Built 1923
View Description None
Type Multi-Family
Status Sold
Exterior
Pool None
Air conditioning Wall/Window Unit(s)
Water Source Public
Garage Space 5
Sewer Public Sewer
Lot Features Sprinklers None
Finance
Sales Price $3,000,000

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