| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 69th | Good |
| Amenities | 95th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 411 S Madison Ave, Pasadena, CA, 91101, US |
| Region / Metro | Pasadena |
| Year of Construction | 1973 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
411 S Madison Ave Pasadena Multifamily Investment
This 33-unit property sits in a top-quartile neighborhood nationally for amenities and demographics, with 75% rental occupancy supporting strong tenant demand according to CRE market data from WDSuite.
The property sits in Pasadena's Urban Core, a neighborhood ranking in the 95th percentile nationally for amenities and 98th percentile for rental housing share. With 75.4% of housing units renter-occupied, this area demonstrates strong multifamily fundamentals that support consistent tenant demand and lease-up velocity.
Built in 1973, the property aligns with the neighborhood's average construction year of 1974, indicating potential value-add opportunities through strategic renovations and unit upgrades. The surrounding area benefits from exceptional amenity density, including 10.66 cafes per square mile (100th percentile nationally) and 84.13 restaurants per square mile, creating a walkable environment that appeals to quality tenants.
Demographic data within a 3-mile radius shows a median household income of $110,947 with 59.1% of housing units occupied by renters. The area's high home values ($669,646 median) relative to income levels reinforce rental demand, as elevated ownership costs keep households in the multifamily market. Current neighborhood occupancy of 89.9% reflects stable fundamentals, though property-level performance may vary.
The neighborhood ranks 81st among 1,441 metro neighborhoods overall, with particularly strong performance in demographics (69th percentile nationally) and housing metrics (79th percentile). While school ratings average 1.0 out of 5, the urban location and professional tenant base may offset educational concerns for many renters.
Safety metrics present mixed signals for this Urban Core location. The neighborhood ranks 1,256th out of 1,441 metro neighborhoods for overall crime, placing it in the 28th percentile nationally. Property offense rates of 3,017 per 100,000 residents rank in the 6th percentile nationwide, indicating elevated property crime levels relative to national averages.
However, recent trends show improvement, with property offense rates declining 10% year-over-year. Violent crime rates of 201 per 100,000 residents rank in the 20th percentile nationally, while showing a 19.5% increase over the past year. Investors should factor security considerations into property management strategies and tenant screening processes.
The property benefits from proximity to major corporate headquarters and offices within the greater Los Angeles employment corridor, providing workforce housing opportunities for professional tenants.
- Edison International — utility services (6.7 miles) — HQ
- Avery Dennison — materials and manufacturing (6.9 miles) — HQ
- Chevron — energy sector offices (7.9 miles)
- Microsoft — technology offices (8.8 miles)
- Reliance Steel & Aluminum — industrial services (8.8 miles) — HQ
This 1973-vintage property offers value-add potential in a demographically strong Pasadena neighborhood. The 75% rental occupancy share and top-quartile national rankings for amenities create a foundation for stable tenant demand. With average unit sizes of 1,328 square feet and proximity to major employers, the property appeals to professional renters in the Los Angeles market.
The neighborhood's high home values relative to income levels support rental demand fundamentals, while the mature building vintage presents renovation upside for investors focused on multifamily property research and value creation. Demographics within 3 miles show household income growth of 32% over five years, expanding the qualified renter pool.
- Strong rental fundamentals with 75% of neighborhood units renter-occupied
- Value-add opportunity through strategic renovations of 1973 vintage units
- High-income demographics support premium rental positioning
- Proximity to major corporate employers provides tenant base stability
- Risk factor: Elevated crime metrics require enhanced security considerations