Pasadena, CA 91101,562 558 N Madison
Pasadena, CA 91101,562 558 N Madison
Pasadena, CA 91101,562 558 N Madison
Pasadena, CA 91101,562 558 N Madison
Pasadena, CA 91101,562 558 N Madison
Pasadena, CA 91101,562 558 N Madison
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$ 1,100,000
Est. payment | /mo

0.3 Acres Lot


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$ 1,100,000
Est. payment | /mo
Save

0.3 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25254887

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1924

Lot Size 0.303 Acres

Property Sub-Type Duplex

Property Description

Two Houses on a Lot several blocks north of Old Town Pasadena, Large ±13k SF Lot, 10 or more parking, Clear upside to do ADUs (2 or more – buyer to verify). 562 N Madison Ave, a Two 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, 542 N Madison, and 570 N Madison).

The property is extremely rare with highly desirable layout providing tenants with single family residential feel. It consists of a large 2-story house which has 4bedroom and 1.5bathroom. The back house is a cute single story bungalow house with 1bedroom and 1bathroom. It has a side driveway that leads to the large lot. This offering is perfect for an owner user that can occupy the front house (currently tenant occupied – seller is selling it as-is with tenant in place).

The property has 13,181 SF lot size providing 10 or more parking spaces. Each house is individually metered for electricity and gas and has laundry hookups. Because of this configuration, there is a clear and huge upside for new owners to add 2 or more ADUs (buyer to verify).

The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena's historic City Hall, it sits just minutes from the California Institute of Technology, Pasadena Community College, and the 210 and 110 Freeways, offering ease of access to neighboring cities and entertainment destinations in the region. Historic Old Pasadena's charming storefronts house 200 shops plus a wide array of restaurants and night spots. The Pasadena Convention Center, Pacific Asia Museum, the historic Tournament of Roses house, and the Norton Simon Museum are minutes away. The property has superb access to FWY 110 and FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Concrete, Driveway

Pool None

Community Features Suburban, Valley

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Lawn, Level, Near Public Transit, Rectangular Lot, Street Level

Faces West

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Spanish

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community No

Tax ID 5731006010

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

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562 558 N Madison