514 N Madison Ave,
Pasadena, CA 91101
在售房 $11,999,999 ($1,200万)
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房屋信息

其他类型

77460 平方英尺
(7,196平方米)

1921 年

2

39 停车位

2025年01月10日
已上市 43 天

地产编号: DW25006052
所处郡县: LA
面积单价:$615.20/sq.ft ($6,622 / 平方米)
房屋简介

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.

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