514 N Madison Ave
Pasadena, CA 91101
1.78 acres | #DW25006052
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 Details
- Lot DescriptionTwoToFiveUnitsAcre, SixToTenUnitsAcre
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$11,999,999
- MLS #DW25006052
- MLS #DW25006052
- Cost11999999
- Property SubtypeMixedUse
- Acres1.7782
- Utility SourcePublic
- Year Built1921
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Rickird Rey Ramirez (#DWRICKRA)
Listing Office: Ally Commercial Real Estate (#DWEMB)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
