570 Madison Avenue, Pasadena, CA 91101
  • MLS#: DW25024868 ( Commercial/Residential )
  • Street Address: 570 Madison Avenue
  • Viewed: 1
  • Price: $2,999,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 304
  • 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
    Positioned in one of Pasadenas most sought after neighborhoods, 570 N. Madison Ave. presents an exceptional value add investment opportunity. Situated just blocks from the vibrant heart of Old Town Pasadena, this property seamlessly blends convenience, accessibility, and long term income potential, making it an ideal choice for both new and seasoned investors and builders alike. The property holds 9 very spacious units, including seven 2 bedroom, 1 bathroom units and three 3 bedroom, 1 bathroom units, all currently occupied by reliable, on time paying tenants. Its prime location, ADU potential, coupled with strong tenant demand and proximity to top rated schools, solidifies its status as a standout asset in one of Pasadenas most coveted areas. Pasadenas unparalleled amenities further enhance the propertys value and appeal, attracting a diverse range of tenants and potential buyers. Renowned for its excellent educational institutions, expansive recreational parks, world class cultural attractions, robust job market, top tier healthcare facilities, and safe, community oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether youre expanding your residential or commercial real estate portfolio, 570 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.
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Features
Building Area Total
  1. 7222.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 86
Electric Expense
  1. 858.00
Entry Location
  1. Off Driveway
Fuel Expense
  1. 420.00
Garage Spaces
  1. 3.00
Insurance Expense
  1. 5417.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lot Features
  1. 6-10 Units/Acre
Netoperatingincome
  1. 143867.00
Parcel Number
  1. 5731006024
Pool Features
  1. None
Professionalmanagementexpense
  1. 8902.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 431521988:CRM
Totalexpenses
  1. 74561.00
Trash Expense
  1. 3000.00
Water Sewer Expense
  1. 3546.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Public Records
Zoning
  1. PSR1