Home | Los Angeles County | Pasadena | 91101 | 570 N Madison
MLS: CRAR26100175 | Status: | Price: $2,850,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 12,685 | 1963 |
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
| Field | Value |
|---|---|
| MLS # | CRAR26100175 |
| MLS Source | California Regional MLS |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Appliances | Oven Range - Gas |
| Flooring | Laminate |
| Laundry | Community Facility |
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Carport, Detached, Garage: 0 Car(s) |
| HOA Fee | $0 |
Handoko Chen
Growth Investment Group Pasade
License #: 01749321
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 9 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Madison Elementary School | public | K-5 | 0.25 mi | 2 |
| Twentieth Street Elementary School | public | K-5 | 1.00 mi | 5 |
| Longfellow (Henry W.) Elementary School | public | K-5 | 1.08 mi | 4 |
| McKinley School | public | K-8 | 1.11 mi | 2 |
| Twilight Adult | public | UG | 1.12 mi | N/A |
| Rose City High (Continuation) School | public | 9-12 | 1.14 mi | 3 |
| Octavia E. Butler Magnet School | public | 6-8 | 1.27 mi | 4 |
| Washington Accelerated Elementary School | public | K-5 | 1.28 mi | 5 |
| Thurgood Marshall Secondary School | public | 6-12 | 1.68 mi | 6 |
| Eliot Arts Magnet | public | 6-8 | 1.94 mi | 2 |
| Hamilton Elementary School | public | K-5 | 2.00 mi | 7 |
| John Muir High School | public | 9-12 | 2.01 mi | 4 |
| Daniel Webster School | public | K-5 | 2.02 mi | 5 |
| Altadena Elementary School | public | K-5 | 2.06 mi | 5 |
| Blair High School | public | 6-12 | 2.08 mi | 4 |
| Norma Coombs Elementary | public | K-5 | 2.31 mi | 6 |
| San Rafael Elementary School | public | K-5 | 2.39 mi | 4 |
| Jackson Elementary School | public | K-5 | 2.45 mi | 5 |
| Pasadena High School | public | 9-12 | 2.59 mi | 7 |
| Cis Academy | public | K-12 | 2.59 mi | 7 |
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This listing information is up-to-date as of May 08, 2026. For the most current information, please contact Handoko Chen.