Pasadena, CA 91101,570 N Madison
Pasadena, CA 91101,570 N Madison
Pasadena, CA 91101,570 N Madison
Pasadena, CA 91101,570 N Madison
Pasadena, CA 91101,570 N Madison
Pasadena, CA 91101,570 N Madison
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Craig Hulbert

Craig Hulbert

+1(858) 752-3447
$ 2,890,000
Est. payment | /mo

5 Beds

2 Baths

0.29 Acres Lot

Save
$ 2,890,000
Est. payment | /mo
Save

5 Beds

2 Baths

0.29 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25250939

Bedrooms 5

Lot Size 0.291 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

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

Location

State CA

County Los Angeles

Zoning Assessor

Direction 2 blocks east of Los Robles Ave, 1 block north of Villa St

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5731006024

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Handoko Chen Growth Investment Group Pasade

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Arroyo Vista Elementary School

    Public | KG - 5

  • 10

    Valentine Elementary School

    Public | KG - 5

  • 8

    Odyssey Charter

    Public | KG - 8

  • 7

    Aveson School of Leaders

    Public | KG - 5

  • 7

    Hamilton Elementary School

    Public | PK - 5

  • 6

    San Rafael Elementary School

    Public | KG - 5

  • 6

    Daniel Webster Elementary School

    Public | PK - 5

  • 5

    Garvanza Elementary

    Public | KG - 5

  • 5

    San Pascual STEAM Magnet

    Public | KG - 5

  • 5

    Washington Elementary School

    Public | PK - 5

  • 5

    Longfellow Elementary School

    Public | PK - 5

  • 5

    Norma Coombs Elementary School

    Public | KG - 5

  • 4

    Franklin Elementary School

    Public | PK - 5

  • 4

    Roosevelt Elementary School

    Public | PK - 5

  • 3

    Jackson STEM Magnet

    Public | PK - 5

  • 3

    Cleveland Elementary School

    Public | PK - 5

  • 3

    McKinley School

    Public | KG - 8

  • 3

    Jefferson Elementary School

    Public | PK - 5

  • 2

    Madison Elementary School

    Public | PK - 5

  • 1

    Altadena Arts Magnet

    Public | PK - 5

Middle Schools 11
  • 9

    Huntington Middle School

    Public | 6 - 8

  • 8

    Marshall Fundamental

    Public | 6 - 12

  • 5

    Luther Burbank Middle School

    Public | 6 - 8

  • 5

    Aveson Global Leadership Academy

    Public | 6 - 12

  • 4

    Blair High School

    Public | 6 - 12

  • 2

    Charles W. Eliot Arts Magnet Academy

    Public | 6 - 8

  • 1

    Washington STEAM Multilingual Academy

    Public | 6 - 8

  • 0

    The Hillside School & Learning Center

    Private | 7 - 12

  • 0

    Southwestern Academy

    Private | 6 - 12

  • 0

    Excelsior School

    Private | 8 - 12

  • 0

    The Peace & Justice Academy

    Private | 6 - 12

High Schools 10
  • 10

    La Canada High School

    Public | 9 - 12

  • 10

    San Marino High School

    Public | 9 - 12

  • 3

    John Muir High School

    Public | 9 - 12

  • 0

    Flintridge Sacred Heart Academy

    Private | 9 - 12

  • 0

    St Francis High School

    Private | 9 - 12

  • 0

    Mayfield Senior School

    Private | 9 - 12

  • 0

    Maranatha High School

    Private | 9 - 12

  • 0

    Rose City High (Continuation)

    Public | 9 - 12

  • 0

    Agbu Vatche and Tamar Manoukian High School

    Private | 9 - 12

  • 0

    Agbu Vatche & Tamar Manoukian High School

    Private | 9 - 12

School and business data provided by Attom Data.
Craig Hulbert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

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570 N Madison