570 N Madison Ave - Apartments FOR SALE


Pasadena, CA 91101- The Oaks Pasadena
$2,999,999 USD
424-317-0308
570 N Madison Ave, Pasadena, CA for Sale
$2,999,999 USD
Apartments - FOR SALE
1/6
null | 5.04% Cap Rate

570 N Madison Ave
Pasadena, CA 91101
The Oaks Pasadena


HIGHLIGHTS

  • Incredible Pasadena Location
  • 5.04% CAP RATE ON CURRENT INCOME
  • Off Street parking in the back!
  • Quite Neighborhood but close to all the action!
  • Charming Historical Architecture on the Street!

OVERVIEW

Positioned in one of Pasadena’s most sought-after neighborhoods, 570 N. Madison Ave. presents an exceptional value-add investment opportunity. Situated just blocks from the vibrant heart of Old Town Pasadena, this property seamlessly blends convenience, accessibility, and long-term income potential, making it an ideal choice for both new and seasoned investors and builders alike. The property holds 9 very spacious units, including seven 2-bedroom, 1-bathroom units and three 3-bedroom, 1-bathroom units, all currently occupied by reliable, on-time paying tenants. Its prime location, coupled with strong tenant demand and proximity to top-rated schools, solidifies its status as a standout asset in one of Pasadena’s most coveted areas. Pasadena’s unparalleled amenities further enhance the property’s value and appeal, attracting a diverse range of tenants and potential buyers. Renowned for its excellent educational institutions, expansive recreational parks, world-class cultural attractions, robust job market, top-tier healthcare facilities, and safe, community-oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether you’re expanding your residential or commercial real estate portfolio, 570 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$141 USD /SF

# OF UNITS

9

PRICE/UNIT

$333,333

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 UNIT APARTMENT BUILDING - PRICE IMPROVEMENT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,706 SF

ZONING

RM16

APN/PARCEL ID

5731-006-024

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.