514 N Madison Ave Pasadena, CA 91101
UPDATED:
01/14/2025 01:55 AM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25006052
HOA Y/N No
Year Built 1921
Lot Size 1.778 Acres
Property Description
Located at 514-570 N Madison, this offering includes six contiguous parcels totaling 77,460 square feet of land. Currently, the property features 25 existing units, primarily bungalows, across a combined building footprint of 19,506 square feet.
The low building-to-land ratio creates a significant opportunity for a visionary investor or developer to unlock the full potential of the site through extensive ADU development. There is potential to add 25 new ADUs across the property.
This development could nearly triple gross income, offering multiple exit strategies or establishing a valuable legacy asset for long-term investment.
CAN BE SOLD TOGETHER OR SEPARATE.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Carport Spaces 9
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Foothills, Gutter(s), Hiking, Storm Drain(s), Sidewalks
Total Parking Spaces 39
Private Pool No
Building
Lot Description 2-5 Units/Acre, 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5731006009
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
