570 N Madison, Pasadena, CA 91101
Local realty services provided by:ERA Donahoe Realty
570 N Madison,Pasadena, CA 91101
$2,890,000
- 5 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:handoko chen
Office:growth investment group pasade
MLS#:AR25250939
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,890,000
About this home
True Value-add 9 units several blocks north of Old Town Pasadena, Excellent Unit Mix, Large 12,685 SF Lot, 9 carport parking, Excellent going-in CAP Rate with High Proforma CAP Rate. 570 N Madison Ave, a prime value add 9-unit apartment in the City of Pasadena. Situated only several blocks north of Old Town Pasadena, 2 blocks west of Los Robles Ave, and just within walking distance of many dining, shopping, and other attractions in Pasadena. It is situated on a quiet residential street surrounded by single family houses. This property is being sold together with 5 adjacent buildings to its south that are own by same seller can be purchased together or individually (514 N Madison, 526 N Madison, 536 N Madison, 542 N Madison, and 562 N Madison). The property is a garden style walk-up 2 story apartment with excellent curb appeal. It offers superb unit mix with two (2) x 3bed+1bath and seven (7) x 2bed+1bath units, making it an easy unit mix to rent out. The property was built in 1963, has a total of 7,222 SF building size and is situated on a large 12,685 SF lot. Based on the building size, each unit average about 802SF/unit (buyer to verify). All the ground floor units have private patio (buyer to verify). Approximately 3 units have been updated with luxury wood flooring, updated kitchen (quartz countertops, new kitchen cabinet), and updated bathroom. Parking is provided via 9 carports (3 on the side and 6 in the back). There is no living space above carports which means the property does not need any soft story retrofit. Each unit is separately metered for electricity and g
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Home facts
- Listing ID #:AR25250939
- Added:3 day(s) ago
- Updated:November 03, 2025 at 04:31 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
Heating and cooling
- Cooling:Wall/Window
Finances and disclosures
- Price:$2,890,000
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