| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 70th | Good |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 S Madison Ave, Pasadena, CA, 91101, US |
| Region / Metro | Pasadena |
| Year of Construction | 1987 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 S Madison Ave Pasadena Multifamily Investment
Situated in an amenity-dense Urban Core pocket of Pasadena with a high renter-occupied share, this asset benefits from durable renter demand, according to WDSuite’s CRE market data.
The property sits within a highly amenitized neighborhood in Pasadena, competitive among Los Angeles-Long Beach-Glendale neighborhoods (ranked 57 out of 1,441). Dining, groceries, pharmacies, and cafes all index in the top decile nationally by density, reinforcing daily convenience that supports leasing and retention. Parks access trends strong as well, offering lifestyle appeal that broadens the renter pool.
Rents in the neighborhood track well above national norms, and home values are elevated relative to U.S. benchmarks. In a high-cost ownership market, that dynamic typically sustains reliance on rental housing, giving multifamily operators pricing power while requiring attention to renewal strategies as rent-to-income ratios run relatively high. Neighborhood occupancy is below the national median, suggesting a need for active leasing and asset-level differentiation to outperform.
Tenure patterns point to depth of demand: the neighborhood shows a high share of renter-occupied housing units (top national percentiles), which is favorable for multifamily absorption and ongoing leasing velocity. Average school ratings trend below national averages, which may influence family-oriented segments; operators can lean into amenity access and commute convenience to maintain competitiveness.
Demographic statistics are aggregated within a 3-mile radius. Households have inched higher recently and are expected to continue growing with smaller average household sizes, indicating a larger tenant base over time and more single- and couple-household formations entering the rental market. Income levels are rising in the near-term outlook, which, alongside projected rent growth, supports steady demand for professionally managed multifamily, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and should be evaluated in context. Within the Los Angeles-Long Beach-Glendale metro, this neighborhood’s crime rank (1,238 out of 1,441) indicates higher incidents versus many peer neighborhoods, and its national standing sits below the median. Property crime levels are elevated compared with national norms, while violent offense rates are comparatively lower but still below national median safety levels.
Recent momentum shows nuance: violent offense rates have trended modestly downward year over year, whereas property offenses have risen. Investors should underwrite security measures, lighting, and resident engagement policies appropriate for an Urban Core environment and compare asset-level incident trends against submarket peers to calibrate operating assumptions.
Proximity to major corporate employers supports commuter convenience and a diversified renter base, with strong representation in headquarters, energy, and technology—relevant drivers for leasing stability in workforce and professional segments. The employers below reflect nearby demand anchors.
- Avery Dennison — manufacturing & materials (6.8 miles) — HQ
- Edison International — utilities (7.0 miles) — HQ
- Chevron — energy (8.1 miles)
- Microsoft — technology offices (9.1 miles)
- Reliance Steel & Aluminum — metals & distribution (9.1 miles) — HQ
150 S Madison Ave is a 60-unit asset positioned in an A+ rated, Urban Core neighborhood of Pasadena where amenity access ranks among the best nationally. Elevated home values and a high renter-occupied share point to a deep tenant base that tends to sustain multifamily demand, while below-median neighborhood occupancy underscores the importance of strong operations and targeted renovations to capture share. According to CRE market data from WDSuite, neighborhood-level NOI performance benchmarks among the strongest nationally, aligning with the area’s income profile and amenity density.
Within a 3-mile radius, households are projected to increase and average household size to decline, indicating renter pool expansion over time. With rents and incomes both trending upward in the outlook, the investment case centers on location fundamentals, amenity-driven appeal, and operational execution to navigate affordability pressures and neighborhood safety considerations.
- Amenity-rich Pasadena Urban Core with top-tier national density for restaurants, groceries, and daily services.
- High renter-occupied share supports depth of demand and leasing velocity for a 60-unit property.
- Household growth and smaller household sizes within 3 miles signal a larger tenant base over time.
- Elevated ownership costs reinforce reliance on rentals, supporting pricing power with thoughtful lease management.
- Key risks: below-median neighborhood occupancy, elevated property crime, and rent-to-income pressures requiring prudent underwriting.