Description
1 unit will be delivered vacant (being upgraded - back house 2bed+1bath) - 4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage, Clear ADUs Upside (4 ADUs), 2 units upgraded. 526-532 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. 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 one (1) x 2bedroom+1bathroom and three (3) 1bedroom+1bathroom units, which makes it very easy to rent and manage. The property was built in 1940, has a total of ±3,326 SF building size (Average unit size is 830SF/unit) and is situated on a large ±13,185 SF lot. Each unit is charming with original hardwood flooring, ceiling fans, plenty of built in cabinets, tiled kitchen and bathroom, and in-unit laundry hookups. The front 1 bedroom unit #532 was recently leased for $2450/month. Two units (#532 and #530) have been upgraded with brand new kitchen and updated bathroom. Parking is provided via detached 3 car garages and 1 open space in the back. Each unit has individual water heaters and separately metered 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.
Details
| MLS # | AR26075990 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 142 |
| Listing Provided By | Growth Investment Group Pasade | Handoko Chen |
Features
| SQ Feet | 3,326 |
|---|---|
| Garage | 3 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 5 |
| Acreage | 0.30 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Gas Range |
| Fireplace Yes / No | No |
Exterior
| Construction Materials | Stucco |
|---|---|
| Foundation Details | Raised |
| Lot Features | Lawn, Level, Near Public Transit, Rectangular Lot, Street Level |
| Fencing | None |
Parking
| Parking Features | Assigned, Concrete, Detached Carport, Driveway |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Suburban, Valley |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 645 Pasadena (NW) |
| Listing VS Median (in 91101) | |
Price: $1,550,000 low | high Med: $2,365,000 sqft: 3,326 low | high Med: 5,331 $ / sqft: $466 low | high Med: $471 On site: 142 low | high Med: 114 | |
Market Activity 91101
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91101 |
| Area | 645 Pasadena (NW) |
| Listing VS Median (in 91101) | |
Price: $1,550,000 low | high Med: $2,365,000 sqft: 3,326 low | high Med: 5,331 $ / sqft: $466 low | high Med: $471 On site: 142 low | high Med: 114 | |
 | $1,499,000542 N MadisonPasadena, CA 91101 |