Listed by Rickird Rey Ramirez of Ally Commercial Real Estate [email protected]
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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.
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Listing Snapshot
Price
$11,999,999
Days On Site
8 Days
Bedrooms
N/A
Inside Area (SqFt)
19,506 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.7782 Acres
Year Built
1921
MLS® Number
DW25006052
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
a week ago
Status changed to Active
a week ago
Listing updated with changes from the MLS®
a week ago
Listing first seen on site
General Features
Acres
1.7782
Carport
9
Garage
Yes
Garage Spaces
4
Number Of Stories
2
Parking Spaces
39
Property Sub Type
Mixed Use
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
19506
Water Source
Public
Interior Features
Laundry Features
Common Area
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Exterior Features
Pool Features
None
Community Features
Building Access
Street
Community Features
CurbsSidewalks
Financing Terms Available
CashConventional
MLS Area
645 - Pasadena (NW)
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.