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570 N Madison Ave
Pasadena, CA 91101 The Oaks Pasadena

$2,890,000 USD

Apartments For Sale • 21,344 SF

Property Details

Property Type Apartments
Total Building Size 7,222 SF
Lot Size 0.29 AC
Building Class C
Year Built 1963
Zoning RM16

62 Transit Score

84 Walk Score

                
                    Highlights
                
                                True Value-add 9 units several blocks north of Old Town Pasadena, Excellent Unit Mix,  Large 12,685 SF Lot, 9 carport parking, Excellent going-in CAP 
                            
                                Over 5% CAP Rate with 7.40% Proforma CAP Rate, Cash Flow with 40%-45% Down Payment
                            
                                Prime value-add near Old Town Pasadena and Rose Bowl ; SUPERB demographics with ±$111,562 average household income within a 1-mile radius
                            
                                Excellent mix unit with All 3bed and 2bed units; Super easy to rent and manage
                            
                                Excellent location in a mature and quiet residential area, surrounded by single family houses and smaller 2-4 units residential properties
                            
                                9 carport parking without any living space above; no soft story retrofit is required

Property Flyers

Flyer-570 N Madison

Amenities

24 Hour Access
Air Conditioning
Balcony
Microwave
Storage Space
Gated
Gas Range
Kitchen
Refrigerator
Oven
Tub/Shower
Family Room
Freezer
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	9.6 mi
Transit/Subway	Drive	Walk	Distance
Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	17.2 mi
Los Angeles International	41 min	-	25.9 mi
Long Beach (Daugherty Field)	43 min	-	27.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Covered
Included in Rent:	Yes

Han Widjaja-Chen 626-594-4900 Growth Investment Group California

570 N Madison Ave Pasadena, CA 91101 The Oaks Pasadena