526 N Madison, Pasadena, California 91101, Pasadena, 91101 - bed, bath

526 N Madison, Pasadena, California 91101 home-pic-0
ACTIVE$1,550,000
526 N Madison, Pasadena, California 91101
0Bed
0Bath
3,326Sqft
13,185Lot
Year Built
1940
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
AR25254902
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.55M(67th), sqft - 3326(67th), beds - undefined(50th), baths - undefined(50th).

4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage. 526-532 N Madison Ave, a bungalow style 4-units 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. This property is being sold together with 5 adjacent buildings to its north and south that are own by same seller – can be purchased together or individually (514 N Madison, 536 N Madison, 542 N Madison, 562 N Madison, and 570 N Madison). The property offers a highly desirable bungalow single-story layout (no adjoining walls) providing tenants with single family residential feel. It consists of 4 separate bungalows with a lush center courtyard/walkway providing serene atmosphere for the tenants. The unit mix is one (1) x 2bedroom+1bathroom 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. 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) is currently vacant and may be delivered vacant. 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 hookups.

Price History

Date
Event
Price
11/05/25
Listing
$1,550,000
04/15/22
Sold
$8,400,000
Condition Rating
Fair

Built in 1940, the property features well-maintained original hardwood flooring and fresh paint, suggesting regular upkeep. However, the description explicitly mentions 'tiled kitchen and bathroom' and the AI analysis notes 'Dated Interiors (Implied)' and 'Age of Property & Systems.' The visible light fixtures (ceiling fans) are also not modern. While functional, the kitchen and bathrooms are likely outdated and would require minor to moderate updates to meet current aesthetic and functional standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Prime Location & Walkability: Situated just blocks north of Old Town Pasadena, the property offers excellent walkability to dining, shopping, and attractions, enhancing tenant appeal and rental demand.
Desirable Bungalow Style: The single-story, detached bungalow layout provides tenants with a 'single-family residential feel' and a serene central courtyard, contributing to high tenant satisfaction and retention.
Strong Rental Fundamentals: The property features an easy-to-manage unit mix (1x2BR, 3x1BR), in-unit laundry hookups, and individual metering for utilities, which reduces owner expenses and attracts quality tenants.
Large Lot & Potential: A generous ±13,185 SF lot in a desirable Pasadena location offers significant potential for future expansion, value-add projects, or even ADU development, subject to local zoning.
Portfolio Expansion Opportunity: The option to purchase this property individually or as part of a larger portfolio with 5 adjacent buildings from the same seller presents a unique scalability opportunity for investors.

Cons

Age of Property & Systems: Built in 1940, the property likely has original or older infrastructure (plumbing, electrical, roofing), which could lead to higher ongoing maintenance costs and potential need for significant capital improvements.
Dated Interiors (Implied): While charming, the description highlights 'original hardwood flooring' and 'tiled kitchen and bathroom' without mention of recent modern renovations, suggesting units may be dated and could require upgrades to maximize rental income.
Limited Parking for Multi-Unit: With 3 detached garages and 1 open space for 4 units, parking could be a challenge for tenants, especially in a desirable urban area where parking is often at a premium.

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