514 N Madison Ave, PASADENA CA, 91101

Active

514 N Madison Ave

PASADENA CA, 91101

$11,999,999

$615.20 per sqft

Active

12 Beds

8 Baths

19,506 sqft

Multi-family

Built in 1921

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.

DW25006052MR

MLSⓇ ID

January 9, 2025

Listed

January 14, 2025

Updated

Map

514 N Madison Ave
PASADENA CA, 91101

Interior Features

Total Stories: 2
Bedrooms: 12
Total Bathrooms: 8
Laundry Description: Laundry Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.78 Acres
Sewer: Public Sewer

Other Property Details

Area Name: Pasadena NW
Garage: Yes
Garage Spaces: 4
Parking Total: 39
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None

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

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Diane Forbes Halliburton shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 1/14/2025