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514 N Madison Ave, Pasadena, CA 91101
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514 N Madison Ave
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  • MLS#: DW25006052 ( Commercial/Residential )
  • Street Address: 514 N Madison Ave
  • Viewed: 1
  • Price: $11,999,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1921
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91101
  • Provided by: Ally Commercial Real Estate
  • Contact: Rickird Rey Rickird Rey
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Additional Parcels Description
  1. 5731006010
  2. 5731006011
  3. 5731006012
  4. 5731006013
  5. 5731006024
Building Area Total
  1. 19506.00
Carport Spaces
  1. 9.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 2986.00
Entry Location
  1. Street
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 27090.00
Laundry Features
  1. Common Area
Lot Features
  1. 2-5 Units/Acre
  2. 6-10 Units/Acre
Netoperatingincome
  1. 342214.00
Number Of Buildings
  1. 20
Number Of Separate Electric Meters
  1. 25
Number Of Separate Gas Meters
  1. 25
Parcel Number
  1. 5731006009
Pool Features
  1. None
Professionalmanagementexpense
  1. 23986.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 429774782:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 238401.00
Trash Expense
  1. 5000.00
Uncovered Spaces
  1. 26.00
Water Sewer Expense
  1. 15000.00
Water Source
  1. Public
Year Built
  1. 1921
Year Built Source
  1. Public Records