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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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514 N Madison Ave Pasadena, CA 91101
$10,500,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# DW25006052
List price is $10,500,000 Reduced by $1,499,999 on 3/12/2025
Beds: 0
Baths: 0
Built in 1921
1.78 acres
Lot size: 1.7782
County: Los Angeles
Lot description: TwoToFiveUnitsAcre,SixToTenUnitsAcre
MLS area: 645 - Pasadena (NW)

Last Updated: 3/12/2025

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This listing belongs to the 645 - Pasadena (NW) MLS area

Lat/Long: 34.154878, -118.138038.
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Listing Agent: Rickird Rey Ramirez
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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