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$ 10,500,000
Est. payment /mo
Active
514 N Madison Ave Pasadena, CA 91101
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,506 sqft
Price per Sqft $538
MLS Listing ID CRDW25006052
HOA Y/N No
Year Built 1921
Lot Size 1.778 Acres
Acres 1.78
Property Sub-Type Other
Property 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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5731006009
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Listed by Rickird Rey Ramirez • Ally Commercial Real Estate