16
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$1,777,000
Est. payment /mo
0.28 Acres Lot
Price Dropped by $323K
514 N Madison AVE Pasadena, CA 91101
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW25024692
Originating Board California Regional MLS
Year Built 1937
Lot Size 0.276 Acres
Property Sub-Type Fourplex
Property Description
Positioned in one of Pasadena's most desirable neighborhoods, 514 N. Madison Ave. presents an exceptional opportunity that is IDEAL for owner-occupiers, investors and/or builders alike. The property boasts four bungalow-style units which include four 1-bedroom, 1-bathroom units. All are currently occupied by reliable tenants with a history of timely payments. The property's 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 Pasadena's most coveted areas. Pasadena's unparalleled amenities further enhance the property's value and appeal, attracting a diverse range of tenants and prospective homeowners. 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 you're expanding your residential or commercial real estate portfolio, or looking for YOUR NEW HOME! 514 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Laundry Laundry Area
Exterior
Garage Spaces 2.0
Pool None
Building
Water District - Public
Others
Tax ID 5731006009
Special Listing Condition Not Applicable
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Listed by Rickird Rey Ramirez • Ally Commercial Real Estate