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.
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 Details
Price:
$11,999,999
MLS #:
DW25006052
Status:
Active
Baths:
0
Address:
514 N Madison Ave
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
645pasadenanw
City:
Pasadena
Listed Date:
Jan 9, 2025
State:
CA
ZIP:
91101
Lot Size:
77,460 sqft / 1.78 acres (approx)
Year Built:
1921
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Biking, Curbs, Foothills, Hiking, Gutters, Sidewalks, Storm Drains
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre, 6-10 Units/ Acre
Parking Spots
39.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address514 N Madison Ave Pasadena CA
- Area645 – Pasadena (NW)
- CityPasadena
- CountyLos Angeles
- Zip Code91101
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Courtesy of Ally Commercial Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.514 N Madison Ave
Pasadena, CA
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