New Listing
Description
3 Houses on a large Lot (front house is vacant) - several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage - Can add ADUs (buyer to verify!). 542 N Madison Ave, a Three House on a lot 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 north and south that are own by same seller - can be purchased together or individually (514 N Madison, 526 N Madison, 536 N Madison, 562 N Madison, and 570 N Madison). The property is extremely rare with highly desirable layout providing tenants with single family residential feel. The middle house (#542) is the largest one with 2bedroom+2bathroom, the front house (#548) is a 2bedroom+1bathroom (vacant), and the back house (#544) is 1bedroom+1bathroom. This offering is perfect for an owner user that can occupy any one of the 3 houses (currently front house is vacant). The middle house is charming with original hardwood flooring, smooth ceiling, built-in cabinets, ceiling fans in bedroom and living room. The back house has been updated with modern flooring, new kitchen and stainless steel appliances, and new bathroom. The property has 13,208 SF lot size providing plenty of open spaces and parking (est. 6 parking spaces or more). Because of this configuration, there is a clear and huge upside for new owners to add 2 or more ADUs (buyer to verify). Parking is provided via 6 open space spread out on the lot. Each unit has individual water heaters and separately metered for electricity and gas. Each unit has its own laundry hookups.
Details
| MLS # | AR26235777 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Listing Provided By | Growth Investment Group Pasade | Handoko Chen |
Features
| SQ Feet | 2,150 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 3 |
| 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, Vertical Siding, Wood Siding |
|---|---|
| Foundation Details | Slab |
| Lot Features | Lawn, Level, Near Public Transit, Rectangular Lot, Street Level |
Parking
| Parking Features | Concrete, Driveway |
|---|---|
| Garage Yes / No | No |
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: $1,498,000 low | high Med: $667,500 sqft: 2,150 low | high Med: 926 $ / sqft: $697 low | high Med: $764 | |
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: $1,498,000 low | high Med: $667,500 sqft: 2,150 low | high Med: 926 $ / sqft: $697 low | high Med: $764 | |
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