514 N Madison Ave
Pasadena, CA 91101
Active for $11,999,999
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 77,460 sqft
| MLS | DW25006052 |
| Year Built | 1921 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $11,999,999 |
| Structure Size | N/A sqft |
| Lot Size | 77,460 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Rickird Rey Ramirez, Ally Commercial Real Estate 818-941-2990. *Based on information from the Association of REALTORS/Multiple Listing as of 01/15/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Shaunt Keshmeshian
REALTOR®
Direct: 818.408.3798
Email: Email Me
DRE: 02212726
DRE #01873088
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