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542 N Madison Avenue, Pasadena, California 91101, Pasadena, 91101 - bed, bath

542 N Madison Avenue, Pasadena, California 91101 home-pic-0
ACTIVE$1,525,000
542 N Madison Avenue, Pasadena, California 91101
0Bed
0Bath
2,150Sqft
13,212Lot
Year Built
1921
Close
-
List price
$1.52M
Original List price
$1.8M
Price/Sqft
$709
HOA
-
Days on market
-
Sold On
-
MLS number
DW25024844
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.52M(67th), sqft - 2150(33th), beds - undefined(50th), baths - undefined(50th).

Positioned in one of Pasadena’s most desirable neighborhoods, 542 N. Madison Ave. presents an exceptional opportunity that is IDEAL for owner-occupiers, investors and/or builders alike. The property boasts three distinct bungalow-style units, including one very large 2-bedroom, 2-bathroom unit, one 1-bedroom, 1-bathroom and one 2-bedroom, 1-bathroom unit. All are currently occupied by reliable tenants with a history of timely payments. The property’s prime location, ADU potential, coupled with strong tenant demand and proximity to top-rated schools, solidifies its status as a standout asset in one of Pasadena’s most coveted areas. Pasadena’s unparalleled amenities further enhance the property’s value and appeal, attracting a diverse range of tenants and prospective homeowners. Renowned for its excellent educational institutions, expansive recreational parks, world-class cultural attractions, robust job market, top-tier healthcare facilities, and safe, community-oriented environment, Pasadena continues to be a highly desirable place to live, work, and invest. Whether you’re expanding your residential or commercial real estate portfolio, or looking for YOUR NEW HOME! 542 N. Madison Ave. offers a rare combination of historic charm, modern convenience, and strong financial potential, making it a truly compelling investment opportunity.

Condition Rating
Fair
Built in 1921, this property is over 100 years old. While the description mentions 'historic charm' and 'modern convenience,' the property analysis explicitly lists 'Age of Property' and 'Unspecified Modern Updates' as weaknesses, suggesting dated infrastructure and interiors. The presence of 'reliable tenants' indicates the units are functional and habitable, but the lack of recent renovation details implies that any updates are likely 15-30 years old. Therefore, kitchens and bathrooms are expected to be functional but outdated in style and features, requiring minor to moderate updates to meet current standards. Major systems are likely functional but show signs of age and may be nearing the end of their lifespan.
Pros & Cons

Pros

Prime Location: Positioned in one of Pasadena’s most desirable neighborhoods, offering unparalleled amenities, top-rated schools, and a strong community environment, enhancing tenant demand and property value.
Multi-Unit Income Potential: Comprises three distinct bungalow-style units (a triplex), providing diversified rental income streams and making it an attractive residential income property.
Stable Occupancy & Income: All units are currently occupied by reliable tenants with a history of timely payments, ensuring immediate cash flow and reduced vacancy risk for a new owner.
ADU Potential: The property offers Accessory Dwelling Unit (ADU) potential, allowing for future expansion, increased density, and enhanced rental income or property value.
Versatile Investment Opportunity: Ideal for a broad range of buyers, including owner-occupiers, investors, and builders, due to its income potential, location, and development possibilities.

Cons

Age of Property: Built in 1921, the property is over 100 years old, which may imply higher maintenance costs, potential for outdated infrastructure (plumbing, electrical), and the need for significant capital expenditures for modernization.
Price Reduction: The list price has been reduced from $1.8M to $1.525M, suggesting initial overpricing or market resistance, which could indicate a perceived lack of value at the higher price point or a longer time on market.
Unspecified Modern Updates: While the description mentions 'modern convenience,' it lacks specific details on recent major renovations or system upgrades, which could be a concern for a property of this age and may necessitate future investment to meet contemporary standards.

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