1705 N Madison Avenue, Pasadena, California 91104, Pasadena, 91104 - 4 bed, 2 bath
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Pasadena, California 91104
This property represents a High-Potential Investment Opportunity, listed at $1,100,000—positioned well below the $1,135,657 Fair Market Value by 3%. This valuation gap offers $35,657 in Instant Equity. Featuring a Condition Rating of 3, the asset includes a brand-new 2024 ADU and paid-off solar panels, ensuring immediate rental income. With dual-unit functionality on a single lot, this is a stable, income-generating Asset ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in Pasadena.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1705 N Madison Avenue Subject | $999,000* List Price | 4 | 2 | 1,455 | $725 | - |
A 1710 N Los Robles Sold | $1,250,000 | 3 | 1 | 1,452 | $861 | 0.1 mi |
B 622 E Penn Street Sold | $1,225,215 | 3 | 2 | 1,538 | $797 | 0.1 mi |
C 1063 E Rio Grande Street Sold | $1,012,500 | 4 | 2 | 1,614 | $627 | 0.7 mi |
D 1374 Palm Terrace Sold | $1,000,000 | 2 | 1 | 1,138 | $879 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a brand-new ADU completed in 2024 with modern split-system HVAC and solar. While the primary residence dates to 1953, it is described as functional and well-maintained with solar panels, making the overall lot move-in ready and updated.
The property features two separate residences on a single lot, including a brand-new ADU, offering excellent opportunities for high rental yield or multi-generational living in a desirable Pasadena location.
Both units are equipped with solar panels that will be fully paid off at closing, providing significant long-term savings on utility costs and increasing the property's overall value.
The 658-square-foot ADU was completed in December 2024, featuring a contemporary open floor plan and a dedicated split system for climate control, ensuring turnkey appeal for the rear unit.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1455, other record living area = 797. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The property is being sold with tenants in place for both units, which may pose a challenge for buyers seeking immediate possession or those wishing to set their own market rental rates.
With only a one-car garage serving two separate homes and a total of four bedrooms, parking capacity may be insufficient for households with multiple vehicles.
BACK ON THE MARKET at no fault of the seller. This TRUST SALE is a fantastic opportunity to own two homes on a single lot in the heart of Pasadena! The front residence is a charming 2-bedroom, 1-bath traditional home that feels incredibly inviting. Inside, you'll find a sun-filled living room, a cozy dining area, a functional galley kitchen, with it's own separate dining room. It even comes with its own private front yard and a one-car garage. Tucked away at the rear of the property is a stunning ADU, just completed in December 2024. 1703 N Madison Avenue was CREATED! The private walkway is lined with elegant cypress-style trees that lead you to this modern 658-square-foot retreat. The ADU features an airy open floor plan with 2 bedrooms, 1 bath, and a split system for perfectly tailored heating and cooling. The two homes are separated by a spacious open yard that's just waiting for summer BBQs and outdoor gatherings. This is a TRUST SALE - the property comes with both tenants in place. As a huge bonus, both units are equipped with solar panels and will be paid off at closing! Whether you're looking for a multi-generational setup or a savvy investment with rental income, this property checks every box. Make this your last stop of the day, you're finally home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,455 | 1,739.5 |
| Lot Size | 4,997 | 7,979 |
| Price | $999.0K | $1.62M |
| Price per sq ft | $687 | $897 |
| Built year | 1953 | 1936 |
| HOA | $0 | $250 |
| Days on market | 37 | 45 |
Jul 11, 2026
$999,000
$1,100,000
-9% Price Drop
Initial Listing
Jun 15, 2026
$1,100,000
Initial Listing