514 N Madison Ave, Pasadena CA, 91101

Active

514 N Madison Ave

Pasadena CA, 91101

$11,999,999

$615.20 per sqft

Active

19,506 sqft

Multi-family

Built in 1921

Listed by Rickird Rey Ramirez with Ally Commercial Real Estate 818-941-2990

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.

DW25006052

MLSⓇ ID

January 10, 2025

Listed

January 14, 2025

Updated

Map

514 N Madison Ave
Pasadena CA, 91101

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.78 Acres
Lot Features: 2-5 Units/Acre, 6-10 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 645 - Pasadena (NW)
Days on Market: 3
Garage: Yes
Garage Spaces: 4
Parking Total: 39
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None

Listing Contact: 424-317-0308

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/14/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/14/2025 at 2:28 AM UTC