570 N Madison, Pasadena, CA 91101
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
570 N Madison,Pasadena, CA 91101
$2,850,000
- 5 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: handoko chen
Office: growth investment group pasade
MLS#:AR26100175
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,850,000
About this home
Beautifully Maintained 9-units Value-add Mid-Century-Modern apartment several blocks north of Old Town Pasadena. Excellent Unit Mix, Large 12,685 SF Lot, can do 9 ADUs, Excellent going-in CAP Rate with High Proforma CAP Rate, Many CapEX recently completed! A very well-maintained 9-unit value-add 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 high-priced bungalows/single family houses. The investment offers a high 5.7% CAP Rate making this a very attractive investment on day 1. The property is a garden style walk-up 2 story apartment with excellent curb appeal. It has undergone various capital improvements which includes new exterior paints, new reasphalt driveway, and others. 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 averages about 802SF/unit (buyer to verify). Each unit is unique with distinct Mid-Century-Modern architectural layout with open floor settings, floor to ceiling windows, and many more attractive design features. All the ground floor units have private patio (buyer to verify). Approximately 3 units have been updated with luxury wood flooring, updated kitchen (quartz countertops, new kitchen cabinet), and...
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Home facts
- Listing ID #:AR26100175
- Added:52 day(s) ago
- Updated:June 29, 2026 at 02:30 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$2,850,000
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