Keller Williams Real Estate Services
Gregory Cook, Keller Williams Real Estate ServicesPhone: (818) 644-0485
Email: [email protected]
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listing
1 of 37
Residential IncomeFor Sale
$11,999,999
514 N Madison Ave
Pasadena, CA 91101
Listing Office: Ally Commercial Real Estate
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$62,042/mo

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.

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Information courtesy of Ally Commercial Real Estate is subject to verification and is not guaranteed.
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