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$ 1,200,000
Est. payment /mo
Price Dropped by $200K
562 N Madison Avenue Pasadena, CA 91101
5 Beds
3 Baths
0.3 Acres Lot
UPDATED:
03/13/2025 06:42 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25024779
Bedrooms 5
HOA Y/N No
Lot Size 0.303 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Positioned in one of Pasadenas most desirable neighborhoods, 562 N. Madison Ave. presents an exceptional opportunity that is IDEAL for owner-occupiers, investors and/or builders alike. The property boasts two distinct units, including one very large 4-bedroom, 1 and a half-bathroom, two-story house with an expansive front and back yard and its own parking area. The second unit is a stand-alone very charming and good sized 1-bedroom, 1-bathroom. Both are currently occupied by reliable tenants with a history of timely payments. Its prime location, ADU potential, coupled with strong tenant demand and proximity to top-rated schools, solidifies its status as a standout asset in one of Pasadenas most coveted areas. Pasadenas unparalleled amenities further enhance the propertys value and appeal, attracting a diverse range of tenants and prospective homeowners. Renowned for its excellent educational institutions, expansive recreational parks, world-class cultural attractions, robust job market, top-tier healthcare facilities, and safe, community-oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether youre expanding your residential or commercial real estate portfolio, or looking for YOUR NEW HOME! 562 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.
Positioned in one of Pasadenas most desirable neighborhoods, 562 N. Madison Ave. presents an exceptional opportunity that is IDEAL for owner-occupiers, investors and/or builders alike. The property boasts two distinct units, including one very large 4-bedroom, 1 and a half-bathroom, two-story house with an expansive front and back yard and its own parking area. The second unit is a stand-alone very charming and good sized 1-bedroom, 1-bathroom. Both are currently occupied by reliable tenants with a history of timely payments. Its prime location, ADU potential, coupled with strong tenant demand and proximity to top-rated schools, solidifies its status as a standout asset in one of Pasadenas most coveted areas. Pasadenas unparalleled amenities further enhance the propertys value and appeal, attracting a diverse range of tenants and prospective homeowners. Renowned for its excellent educational institutions, expansive recreational parks, world-class cultural attractions, robust job market, top-tier healthcare facilities, and safe, community-oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether youre expanding your residential or commercial real estate portfolio, or looking for YOUR NEW HOME! 562 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.
Positioned in one of Pasadenas most desirable neighborhoods, 562 N. Madison Ave. presents an exceptional opportunity that is IDEAL for owner-occupiers, investors and/or builders alike. The property boasts two distinct units, including one very large 4-bedroom, 1 and a half-bathroom, two-story house with an expansive front and back yard and its own parking area. The second unit is a stand-alone very charming and good sized 1-bedroom, 1-bathroom. Both are currently occupied by reliable tenants with a history of timely payments. Its prime location, ADU potential, coupled with strong tenant demand and proximity to top-rated schools, solidifies its status as a standout asset in one of Pasadenas most coveted areas. Pasadenas unparalleled amenities further enhance the propertys value and appeal, attracting a diverse range of tenants and prospective homeowners. Renowned for its excellent educational institutions, expansive recreational parks, world-class cultural attractions, robust job market, top-tier healthcare facilities, and safe, community-oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether youre expanding your residential or commercial real estate portfolio, or looking for YOUR NEW HOME! 562 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.
Location
State CA
County Los Angeles
Area Pasadena (91101)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Story 2
Others
Acceptable Financing Cash, Conventional
Space Rent $2,384
Listing Terms Cash, Conventional
Listed by Rickird Rey Ramirez • Ally Commercial Real Estate