514 N Madison, Pasadena, CA 91101 - MLS#AR25249218

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,445,000

Est. payment | -/mo

0.28 Acres Lot

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$ 1,445,000

Est. payment | -/mo

Save Virtual Tour

0.28 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25249218

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1937

Annual Tax Amount $16,193

Lot Size 0.275 Acres

Property Sub-Type Quadruplex

Property Description

4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±12k SF Lot, 4 detached garage parking, Highly desirable layout, Easy to Rent and Manage. 514-520 N Madison Ave, a bungalow style 4-units Single story 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 north that are own by same seller – can be purchased together or individually (526 N Madison, 536 N Madison, 542 N Madison, 562 N Madison, and 570 N Madison).

The property offers a highly desirable bungalow single-story layout (no adjoining walls) providing tenants with single family residential feel. It consists of 4 separate bungalows with a lush center courtyard/walkway providing serene atmosphere for the tenants. The unit mix is all 1bedroom+1bathroom, which makes it very easy to rent and manage. The property was built in 1937, has a total of ±2,156 SF building size and is situated on a large ±11,998 SF lot. Each unit is charming with original hardwood flooring, faux fireplace, plenty of built in cabinets, tiled kitchen and bathroom, and in-unit laundry hookups (seller provide laundry machine in 1 unit). The back unit (#520) has a large private backyard.

Parking is provided via detached 4 car garages in the back. Each unit has individual water heaters and separately meters for electricity and gas. Each unit has its own laundry hookups.

The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena's historic City Hall, it sits just minutes from the California Institute of Technology, Pasadena Community College, and the 210 and 110 Freeways, offering ease of access to neighboring cities and entertainment destinations in the region. Historic Old Pasadena's charming storefronts house 200 shops plus a wide array of restaurants and night spots. The Pasadena Convention Center, Pacific Asia Museum, the historic Tournament of Roses house, and the Norton Simon Museum are minutes away.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Gas Range, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Garage, Paved

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Suburban, Valley

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description 16-20 Units/Acre, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level

Faces West

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5731006009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10513

Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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514 N Madison Pasadena, CA 91101