526 N MadisonPasadena, CA 91101

Description

4 Single-story Bungalow Court near Old Town Pasadena, delivered with a Fully Renovated Vacant 2-Bedroom Unit, Large ±13k SF Lot, and 4-ADU Upside Potential. Can be purchased together with 542 N Madison (3 units). 526-532 N Madison Ave, a 4-unit Single-story Bungalow Court in the City of Pasadena. Situated only several blocks north of Old Town Pasadena, it is on a quiet residential street surrounded by single family houses. The property offers a highly desirable bungalow single-story layout (no adjoining walls) providing tenants with single family residential feel. It has a lush center courtyard/walkway providing serene atmosphere for the tenants. This superb value offering provides a rare opportunity for owner/user or first-time apartment investor as the largest unit/bungalow has been recently upgraded and can be delivered vacant. This property can be acquired together with 542 N Madison and was part of Madison Park Portfolio (6 total properties – 4 have been sold). The unit mix is one (1) x 2bedroom+1bathroom (owner’s unit) and three (3) 1bedroom+1bathroom units, which makes it very easy to rent and manage. The property was built in 1940, has a total of ±3,326 SF building size (Average unit size is 830SF/unit) and is situated on a large ±13,185 SF lot. Owner has spared no expense in relocating the previous tenant and then fully upgrades this owner’s unit into a modern standard. This recently upgraded unit has brand new flooring throughout, fully upgraded kitchen with shaker cabinets, fully upgraded bathroom, and led lighting throughout. Each unit is charming with original hardwood flooring, ceiling fans, plenty of built in cabinets, tiled kitchen and bathroom, and in-unit laundry hookups. The front 1 bedroom unit #532 was recently leased for $2450/month. Besides the owner’s unit (#526), two additional units (532 and #530) have been upgraded with brand new kitchen and updated bathroom. Parking is provided via detached 3 car garages and 3 open space in the back. Each unit has individual water heaters and separately metered for electricity and gas. Each unit has its own laundry hookups.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

Bungalow

Year built

1940

Stories

1

Building area

3,326 Sq Ft

Lot size

0.30 acres

Garage spaces

3

Parking spaces

4

Days on market

10

MLS^® Listing#

AR26225618

Property Features

Appliances

Gas Range

Cooling

Wall/Window Unit(s)

Heating

Wall Furnace

Flooring

Carpet · Wood

Fireplace

None

Pool

None

Parking

Assigned · Concrete · Detached Carport · Driveway

Laundry

Washer Hookup · Gas Dryer Hookup

Fencing

None

Lot features

Level · Near Public Transit · Rectangular Lot

Construction

Stucco

Foundation

Raised

Community

Suburban

Utilities

Cable Available · Electricity Connected · Natural Gas Connected · Phone Available · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

5731006010

Directions

2 blocks east of Los Robles Ave and 1 block north of Villa St