4 Single-story Bungalows several blocks north of Old Town Pasadena, Large ±12k SF Lot, 4 detached garage parking, Highly

Highlights:

• • Prime 4 Single Story bungalows near Old Town Pasadena and Rose Bowl
• • Perfect for an owner user or a first-time home/apartment investor
• • SUPERB demographics with ±$111,562 average household income within a 1-mile radius
• • Walk Score 78, Bike Score 91
• • Highly desirable 4 separate single-story bungalows on a large lot size (±12k SF)
• • Excellent mix with All 1bed+1bath units; Super easy to rent and manage
• • Charming property with lush landscaping, single family houses feel to it
• • Charming units with original hardwood floor, faux fireplace, plenty of built-in cabinets, and laundry hookups; end unit has private backyard
• • 4 garage parking; no soft story retrofit is required
• • Separately metered for electricity and gas

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.

Growth Investment Group California is proud to offer 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.

LOCATION AMENITIES AND ACCESS
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 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.

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