Description
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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48301226
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1921
- Building Area Total: 19,506
Pool Features
- None
Laundry Features
- Common Area
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 1.7782
- Lot Size Source: Assessor
- Lot Size Square Feet: 77460
-
Listing Information
Listing Price Information
- Original List Price: 11,999,999
- Listing Contract Date: 2025-01-09
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5731006009
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 645 - Pasadena (NW)
- Directions: Just north of the 210 FWY and south of Orange Grove Blvd on Madison Ave.
- Source Property Type: Residential Income
- Area: 645 - Pasadena (NW)
- Property SubType: Mixed Use
Building and Construction
- Property Age: 104
- Common Walls: 1 Common Wall
- Structure Type: Mixed Use
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: Street
- Property Attached: Yes
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BuyOwner last updated this listing 01/30/2025 @ 03:53
- MLS: DW25006052
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 19,506 sqft, 77,460 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91101, this Los Angeles County Home are nearby neighborhoods.