526 N Madison, Pasadena, California 91101, Pasadena, 91101 - 0 bed, 0 bath
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Pasadena, California 91101
This Quadruplex Asset represents a High-Potential Investment Opportunity with a List Price of $1,550,000—positioned well below the $1,762,619 Fair Market Value by 12%. This valuation gap provides $212,619 in Instant Equity for the incoming owner. Featuring a Condition Rating of 3, the property offers a unique detached bungalow layout on an expansive 13,185 SF Lot with clear upside for 4 ADUs. Located blocks from Old Town Pasadena, this high-yield acquisition is ideal for Buy-and-Hold Investors or Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 526 N Madison Subject | $1,550,000* List Price | 0 | 0 | 3,326 | $530 | - |
A 683 E Villa Street Sold | $1,180,000 | 0 | 0 | 2,512 | $470 | 0.1 mi |
B 562 558 N Madison Sold | $1,210,000 | 0 | 0 | 2,204 | $549 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready. While built in 1940, 50% of the units have been recently renovated with modern kitchens featuring stainless steel appliances, white shaker cabinets, and subway tile backsplashes. The bathrooms in these units are also updated. The remaining units and exterior show consistent upkeep with refinished original hardwood floors and clean landscaping, though some older wall heaters remain.
The unique single-story bungalow configuration with no adjoining walls provides tenants with a private, single-family residential feel, which is highly desirable and helps maintain low vacancy rates.
Situated on an expansive 13,185 SF lot, the property offers a clear upside for adding up to four ADUs, providing a substantial opportunity to increase density and total rental income.
Located just blocks from Old Town Pasadena and the Gold Line, the property boasts high walkability to premier dining and shopping while offering easy access to the 210 and 110 freeways.
With only three garage spaces and one open spot for four existing units, parking may become a challenge for tenants, particularly if the owner pursues the ADU development potential.
While two units have been upgraded, the remaining two units and the 1940s-era infrastructure may require additional capital investment to reach full market rent potential and ensure long-term efficiency.
4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage, Clear ADUs Upside (4 ADUs), 2 units upgraded. 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. 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 was recently leased for $2450/month. Two units (#532 and #530) have been upgraded with brand new kitchen and updated bathroom. 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. The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena’s historic City Hall, it sits just minutes from the California Institute of Technology, Pasadena Community College, and the 210 and 110 Freeways, offering ease of access to neighboring cities and entertainment destinations in the region. Historic Old Pasadena’s charming storefronts house 200 shops plus a wide array of restaurants and night spots. The Pasadena Convention Center, Pacific Asia Museum, the historic Tournament of Roses house, and the Norton Simon Museum are minutes away. The property has superb access to FWY 110 and FWY 210.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,326 | 2,326 | 83% |
| Lot Size | 13,185 | 12,589.5 | 67% |
| Price | $1.55M | $1.27M | 83% |
| Price per sq ft | $466 | $546 | 17% |
| Built year | 1940 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 155 | 17% |
Apr 8, 2026
$1,550,000
Initial Listing
Apr 15, 2022
$8,400,000
Public Record