Description

A two-story bungalow triplex with a huge backyard (total lot is 13k SF can do ADUs) 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, 542 N Madison, 562 N Madison, and 570 N Madison). The property is a large two-story bungalow style apartment that houses 3 separate units. It has excellent curb appeal with large front yard and expansive backyard which provides plenty of parking, and common area for the tenants. The unit mix is one (1) x 2bedroom+1bathroom, one (1) 1bedroom+1bathroom, and one (1) Studio unit, which makes it very easy to rent and manage. The property was built in 1923, has a total of 2,448 SF building size (Average unit size is 816SF/unit) and is situated on a large 13,203 SF lot (RM-16 zone). Each unit has been upgraded with luxury wood floor, updated kitchen and bathroom (Buyer to verify). Due to its expansive lot, the property has huge backyard with 9+ parking spaces. This spacious extra land provides prime opportunity to add ADUs (buyer to verify). Each unit is separately metered for electricity and gas. The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tr

Features

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