NOT LISTED FOR SALE

731 N Madison Ave Pasadena, CA 91104

Orange Heights Neighborhood

Estimated Value: $1,066,000 - $1,131,000

4 Beds
3 Baths
2,214 Sq Ft
$491/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $1,020,000 $461 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,051/month

10 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Laundry Room
  • 1-Story Property
  • John Muir High School Rated A-
  • Tile Flooring

About This Home

As of April 2024

This 1-bedroom, 1-bathroom apartment located at 731 N Madison Ave offers 850 square feet of living space. The living room provides ample room for relaxation and features air conditioning for comfort. The bedroom is spacious, allowing for a king-sized bed and additional furniture. The bathroom includes standard fixtures and is easily accessible from the main living areas. This smoke-free unit includes a washer and dryer for added convenience. The exterior features a well-maintained building with easy access to nearby amenities. The rental price is available upon request. This property is ideal for those seeking a comfortable living environment with essential amenities.

Last Agent to Sell the Property

Margaret Cashion

Berkshire Hathaway HomeServices California Properties License #01376586 Listed on: 03/05/2024

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Mike Kobeissi

License #01011211

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,638

Year Built

  • Built in 1953

Lot Details

  • 7,116 Sq Ft Lot

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 2,214 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Sewer in Street

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5731-002-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,638

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2214
  • Lot Acreage: 0.1634
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 63
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Bedrooms: 4
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 462.96

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Carport
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Number Gas Meters: 3
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District

Lot Info

  • Assessed Improvement Percent: 58.61
  • Assessed Improvement Value: 177350
  • Assessed Land Percent: 41.39
  • Assessed Land Value: 125268
  • Total Assessed Value: 302618
  • Assessor Parcel Number: 5731-002-016
  • Lot Size Area: 7116

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Attached
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2024
Closed on
Apr 3, 2024
Sold by
Naeger Chadwick
Bought by
Naeger Gaganbind
Seller's Agent
Margaret Cashion
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mike Kobeissi
List Price
$1,025,000
Sold Price
$1,020,000
Premium/Discount to List
-$5,000
-0.49%
Views
55
Current Estimated Value
$1,087,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,499
Avg. Annual Appreciation
4.54%
Original Mortgage
$816,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 5, 2024
Closed on
Mar 14, 2024
Sold by
Lee A Collins Revocable Trust and Ashworth Barbara
Bought by
Singh Sarabjot and Naeger Gaganbind
Seller's Agent
Margaret Cashion
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Mike Kobeissi
List Price
$1,025,000
Sold Price
$1,020,000
Premium/Discount to List
-$5,000
-0.49%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$816,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2020
Sold by
Collins Lee
Bought by
Collins Lee A and Lee A Collins Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Naeger Gaganbind -- Chicago Title Company
Singh Sarabjot -- Chicago Title Company
Singh Sarabjot $1,020,000 Chicago Title Company
Collins Lee A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Sarabjot $830,000
Closed Singh Sarabjot $830,000
Previous Owner Naeger Gaganbind $816,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Off Market $2,850 -- --
03/19/2025 03/19/25 Price Changed $2,850 -9.5% $3 / Sq Ft
03/17/2025 03/17/25 For Rent $3,150 0.0% --
04/11/2024 04/11/24 Sold $1,020,000 -0.5% $461 / Sq Ft
03/15/2024 03/15/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $1,025,000 -- $463 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,638 $1,040,400 $714,000 $326,400
2024 $13,638 $1,170,450 $819,315 $351,135
2023 $13,523 $1,147,500 $803,250 $344,250
2022 $4,096 $302,618 $125,268 $177,350
2021 $3,932 $296,685 $122,812 $173,873
2020 $3,795 $293,644 $121,553 $172,091
2019 $3,799 $287,887 $119,170 $168,717
2018 $3,773 $282,243 $116,834 $165,409
2016 $3,621 $271,286 $112,299 $158,987
2015 $3,580 $267,212 $110,613 $156,599
2014 $3,529 $261,979 $108,447 $153,532
Source: Public Records

Agents Affiliated with this Home

  • Margaret Cashion

    Seller's Agent in 2024

    Margaret Cashion

    Berkshire Hathaway HomeServices California Properties

    (310) 795-2200

    2 in this area

    53 Total Sales

    Margaret Cashion
    Section Image

  • M

    Buyer's Agent in 2024

    Mike Kobeissi

See All Agents

Map

Source: The MLS

MLS Number: 24-365037

The MLS

APN: 5731-002-016

California Los Angeles County Pasadena 91104 Orange Heights

731 N Madison Ave, Pasadena, CA

This home is located at 731 N Madison Ave, Pasadena, CA 91104 since 05 March 2024 and is currently estimated at $1,087,499, approximately $491 per square foot. This property was built in 1953. 731 N Madison Ave is a home located in Los Angeles County with nearby schools including Madison Elementary School, Octavia E. Butler Magnet, and John Muir High School.

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