9 UNIT APARTMENT BUILDING - PRICE IMPROVEMENT 570 N Madison Ave 9 Unit Apartment Building $2,999,999 ($333,333/Unit) 5.04% Cap Rate Pasadena, CA 91101
INVESTMENT HIGHLIGHTS
- Incredible Pasadena Location
- Off Street parking in the back!
- Charming Historical Architecture on the Street!
- 5.04% CAP RATE ON CURRENT INCOME
- Quite Neighborhood but close to all the action!
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Family Room
- Freezer
SITE AMENITIES
- 24 Hour Access
- Gated
- Gas Range
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
| 3+1 | 2 | - | - |
1 of 1
Walk Score®
Very Walkable (86)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 5731-006-024 | Improvements Assessment | $697,068 |
| Land Assessment | $2,091,204 | Total Assessment | $2,788,272 |
