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Description Open House Details Location Schools Recent Sales
$10,500,000 Est. $38,664 / mo.*

514 N Madison Ave Pasadena , CA 91101

Property listed by Ally Commercial Real Estate, Rickird Rey Ramirez {attribution_contact}

Description

25 Units
Property Type: Mixed Use
Status: Active
Year Built: 1921
Days on Website: 120
Legacy property in a premier Pasadena location. 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.

Open House

Property Details and Features

Location
Country:
US
Building
Built in 1921
Building area total:
19,506
20 buildings
Architectural style:
,Attached
Common walls:
OneCommonWall
Community
Biking
Curbs
Foothills
Gutters
Hiking
StormDrains
Sidewalks
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$10,500,000 -
514 N Madison Ave Pasadena , CA 91101
Country: US

Street View

Nearby Schools

Recent Sales in the Area