Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    514 N Madison Ave, Pasadena, CA 91101
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    514 N Madison Ave
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    • MLS#: DW25006052 ( Commercial/Residential )
    • Street Address: 514 N Madison Ave
    • Viewed: 19
    • Price: $10,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1921
    • Bldg sqft: 0
    • Days On Market: 85
    • Additional Information
    • County: LOS ANGELES
    • City: Pasadena
    • Zipcode: 91101
    • Provided by: Ally Commercial Real Estate
    • Contact: Rickird Rey Rickird Rey
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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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    Features
    Additional Parcels Description
    1. 5731006010
    2. 5731006011
    3. 5731006012
    4. 5731006013
    5. 5731006024
    Building Area Total
    1. 19506.00
    Carport Spaces
    1. 9.00
    Commoninterest
    1. None
    Common Walls
    1. 1 Common Wall
    Country
    1. US
    Days On Market
    1. 71
    Electric Expense
    1. 2986.00
    Entry Location
    1. Street
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 4.00
    Insurance Expense
    1. 27090.00
    Laundry Features
    1. Common Area
    Lot Features
    1. 2-5 Units/Acre
    2. 6-10 Units/Acre
    Netoperatingincome
    1. 342214.00
    Number Of Buildings
    1. 20
    Number Of Separate Electric Meters
    1. 25
    Number Of Separate Gas Meters
    1. 25
    Parcel Number
    1. 5731006009
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 23986.00
    Property Type
    1. Commercial/Residential
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 429774782:CRM
    Tenant Pays
    1. Electricity
    2. Gas
    Totalexpenses
    1. 238401.00
    Trash Expense
    1. 5000.00
    Uncovered Spaces
    1. 26.00
    Views
    1. 19
    Water Sewer Expense
    1. 15000.00
    Water Source
    1. Public
    Year Built
    1. 1921
    Year Built Source
    1. Public Records
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836