ActiveResidential · sale

526 N Madison

Pasadena, CA 91101

$1,550,000

  • 0.3 acres
  • Built 1940

Listed by Growth Investment Group Pasade · MLS #AR26075990

526 N Madison, Pasadena, CA 91101 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1940.

Garage parking

3 garage spaces listed.

Property size

0.3 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

1 unit will be delivered vacant being upgraded back house 2bed1bath 4 Singlestory Bungalows several blocks north of Old Town Pasadena Large 13k SF Lot highly desirable layout Easy to Rent and Manage Clear ADUs Upside 4 ADUs 2 units upgraded526532 N Madison Ave a bungalow style 4units Single story 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 single family houses The property offers a highly desirable bungalow singlestory layout no adjoining walls providing tenants with single family residential feel It consists of 4 separate bungalows with a lush center courtyardwalkway providing serene atmosphere for the tenants The unit mix is one 1 x 2bedroom1bathroom and three 3 1bedroom1bathroom units which makes it very easy to rent and manage The property was built in 1940 has a total of 3326 SF building size Average unit size is 830SFunit and is situated on a large 13185 SF lot Each unit is charming with original hardwood flooring ceiling fans plenty of built in cabinets tiled kitchen and bathroom and inunit laundry hookups The front 1 bedroom unit 532 was recently leased for 2450month Two units 532 and 530 have been upgraded with brand new kitchen and updated bathroom Parking is provided via detached 3 car garages and 1 open space in the back Each unit has individual water heaters and separately metered for electricity and gas Each unit has its own laundry hookupsThe property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena It is situated on a quiet treelined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue Near Pasadenas historic City Hall it sits just minutes from the California Institute of Technology Pasadena Community College and the 210 and 110 Freeways offering ease of access to neighboring cities and entertainment destinations in the region Historic Old Pasadenas charming storefronts house 200 shops plus a wide array of restaurants and night spots The Pasadena Convention Center Pacific Asia Museum the historic Tournament of Roses house and the Norton Simon Museum are minutes away
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THE NEIGHBORHOOD

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526 N Madison, Pasadena, CA 91101

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1940
Garage spaces
3
Cooling
WallWindowUnits
Heating
WallFurnace
Appliances
GasRange
Flooring
Carpet,Wood
Utilities
CableAvailable,ElectricityConnected,NaturalGasConnected,PhoneAvailable,SewerConnected,WaterConnected
Fencing
None
Pool
No
Pool features
None
Spa
No
Parcel
5731006010
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$6,458.33
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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526 N Madison, Pasadena, CA 91101 · MLS #AR26075990

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Listing information

MLS #AR26075990 · California Regional MLS

Listing brokerage: Growth Investment Group Pasade
Listing agent: Handoko Chen

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.