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Listed by Rickird Rey Ramirez • Ally Commercial Real Estate
$ 11,999,999
Est. payment | /mo
19,506 SqFt
$ 11,999,999
Est. payment | /mo
19,506 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,506 sqft
Price per Sqft $615
MLS Listing ID CRDW25006052
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1921
Lot Size 1.778 Acres
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Water Public
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