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$ 2,890,000
Est. payment | /mo
7,222 SqFt
$ 2,890,000
Est. payment | /mo
7,222 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,222 sqft
Price per Sqft $400
MLS Listing ID CRAR25250939
HOA Y/N No
Year Built 1963
Lot Size 0.291 Acres
Acres 0.29
Property Sub-Type Other
Property Description
True Value-add 9 units several blocks north of Old Town Pasadena, Excellent Unit Mix, Large 12,685 SF Lot, 9 carport parking, Excellent going-in CAP Rate with High Proforma CAP Rate. 570 N Madison Ave, a prime value add 9-unit apartment 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 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 562 N Madison). The property is a garden style walk-up 2 story apartment with excellent curb appeal. It offers superb unit mix with two (2) x 3bed+1bath and seven (7) x 2bed+1bath units, making it an easy unit mix to rent out. The property was built in 1963, has a total of ±7,222 SF building size and is situated on a large ±12,685 SF lot. Based on the building size, each unit average about 802SF/unit (buyer to verify). All the ground floor units have private patio (buyer to verify). Approximately 3 units have been updated with luxury wood flooring, u
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplace No
Laundry Common Area, Other
Exterior
View Y/N false
View None
Building
Lot Description Level, Other
New Construction No
Others
Tax ID 5731006024
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Listed by Handoko Chen • Growth Investment Group Pasade
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Patrick Nagel
REALTOR® | Lic# 1760790