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$1,380,000
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Property Description
4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±12k SF Lot, 4 detached garage parking, Highly desirable layout, Easy to Rent and Manage. 514-520 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 that are own by same seller - can be purchased together or individually (526 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 all 1bedroom+1bathroom, which makes it very easy to rent and manage. The property was built in 1937, has a total of ±2,156 SF building size and is situated on a large ±11,998 SF lot. Each unit is charming with original hardwood flooring, faux fireplace, plenty of built in cabinets, tiled kitchen and bathroom, and in-unit laundry hookups (seller provide laundry machine in 1 unit). The back unit (#520) has a large private backyard.
Parking is provided via detached 4 car garages in the back. Each unit has individual water heaters and separately meters 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.
Full Property Details
Full Property Details for 514 N Madison
General
- Sold For: $1,380,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: AR25249218
- Added to Site: 132 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Fireplace(s): Living Room
- Appliances: Gas Range, Water Heater
- Flooring: Wood
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 4
- Parking Features: Assigned, Paved, Garage
- Parking: Assigned, Paved, Garage
Location
- Area: 645 - Pasadena (NW)
- County: Los Angeles
- Development Name: 645 - Pasadena (NW)
- Driving Directions: 2 blocks west of Los Robles Ave, cross street is Villa St.
- Direction Faces: West
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: Bungalow
- Foundation: Raised
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,156
- Year Built: 1937
Unit Information
Unit 1
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.2754
- Lot Size Source: Assessor
- Lot Description: 16-20 Units/Acre, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
Financial Considerations
- Price Per Sq. Ft.: $640.07
- Price Per Unit: 361250
Listed by Growth Investment Group Pasade, Handoko Chen
Sold by Pinnacle Real Estate Group, YULAN JIANG
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Schools
Schools serving 514 N Madison
School District:Pasadena Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Pasadena, CA 515 East Ashtabula Street, Pasadena, CA 91104 | K-5 | 0.3 mi |
Octavia E. Butler Magnet School 1505 North Marengo Avenue, Pasadena, CA 91103 | 6-8 | 1.3 mi |
John Muir High School 1905 N. Lincoln Ave., Pasadena, CA 91103 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 514 N Madison
Date
Details
Price
Change
Source
1/27/2026
Sold
$1,380,000
-4.5%
MLS
10/28/2025
Listed
$1,445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
514 N Madison, Pasadena, CA 91101 (MLS# AR25249218) is a Multi-Family property that was sold at $1,380,000 on January 27, 2026. Want to learn more about 514 N Madison? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

