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570 N Madison Ave
Pasadena, CA 91101 The Oaks Pasadena

$2,850,000 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

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                Beautifully Maintained 9-units Value-add Mid-Century-Modern apartment several blocks north of Old Town Pasadena. Excellent Unit Mix, Large LOT
                            
                                In-place 5.70% CAP Rate with 7.78% Proforma CAP Rate, Cash Flow with 40%-45% Down Payment
                            
                                Quiet residential neighborhood with many high-priced bungalow houses; Walk Score 78, Bike Score 91
                            
                                Very well-maintained community with excellent curb appeal and many recent capital improvements; Excellent mix unit with All 3bedroom and 2bedroom 
                            
                                Excellent location in a mature and quiet residential area, surrounded by single family houses and smaller 2-4 units residential properties
                            
                                Possibility to add 9 ADUs (buyer to verify!); Recently repainted exterior, 3 units have been updated, resurfaced driveway

Property Flyers

OM-570NMadisonRev1

Flyer-570NMadisonRev1

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