120 Madison AvePasadena, CA 91101

Property Details for 120 Madison Ave

Year built

1908

Construction

WOOD

Lot size

0.28 AC

Property size (Sq ft)

3,281 SF

Zone code

PSC

Property type

Office buildings

APN

5723-014-020

APU

5723014020

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $879,173

  6.5%

  $811,544

  7%

  $753,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,317

  Geo Method

  $623,915

• Alternative Use

  Use

  Valuation

  Residential

  $1,006,315

  Hospitality

  $921,779

  Educational

  $766,909

  Medical

  $793,284

  Retail

  $1,192,970

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1481

Longitude

-118.138

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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