542 N Madison Ave Pasadena, CA 91101
Northwest Pasadena NeighborhoodEstimated payment $8,920/month
Highlights
- Property is near public transit
- Spanish Architecture
- No HOA
- Wood Flooring
- Lawn
- Cooling System Mounted To A Wall/Window
About This Home
3 Houses on a large Lot - several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage - Can add 3 ADUs. 542 N Madison Ave, a Three House on a lot 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 and south that are own by same seller – can be purchased together or individually (514 N Madison, 526 N Madison, 536 N Madison, 562 N Madison, and 570 N Madison). The property is extremely rare with highly desirable layout providing tenants with single family residential feel. The middle house (#542) is the largest one with 2bedroom+2bathroom, the front house (#548) is a 2bedroom+1bathroom, and the back house (#544) is 1bedroom+1bathroom. This offering is perfect for an owner user that can occupy any one of the 3 houses (currently tenant occupied – seller is selling it as-is with tenant in place).
The middle house is charming with original hardwood flooring, smooth ceiling, built-in cabinets, ceiling fans in bedroom and living room. The back house has been updated with modern flooring, new kitchen and stainless steel appliances, and new bathroom. The property has 13,208 SF lot size providing plenty of open spaces and parking (est. 6 parking spaces or more). Because of this configuration, there is a clear and huge upside for new owners to add 2 or more ADUs (buyer to verify). Parking is provided via 6 open space spread out on the lot. 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.
Listing Agent
Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 04/21/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 13,208 Sq Ft Lot
- No Common Walls
- West Facing Home
- Rectangular Lot
- Level Lot
- Lawn
Home Design
- Triplex
- Spanish Architecture
- Bungalow
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Slab Foundation
- Wood Siding
- Vertical Siding
- Stucco
Interior Spaces
- 2,150 Sq Ft Home
- 1-Story Property
- Gas Range
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 5731006010
- $1,138 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 3 Units
- Valley
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $2,700
- Insurance Expense $3,153
- Maintenance Expense $747
- Trash Expense $2,400
- Water Sewer Expense $1,760
- New Taxes Expense $16,798
- Operating Expense $29,608
- Gross Income $77,005
- Net Operating Income $45,587
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,669 | $1,008,146 | $755,579 | $252,567 |
| 2024 | $11,669 | $988,379 | $740,764 | $247,615 |
| 2023 | $11,568 | $969,000 | $726,240 | $242,760 |
| 2022 | $1,582 | $56,772 | $25,381 | $31,391 |
| 2021 | $1,520 | $55,660 | $24,884 | $30,776 |
| 2020 | $873 | $55,090 | $24,629 | $30,461 |
| 2019 | $839 | $54,011 | $24,147 | $29,864 |
| 2018 | $843 | $52,953 | $23,674 | $29,279 |
| 2016 | $803 | $50,898 | $22,755 | $28,143 |
| 2015 | $791 | $50,135 | $22,414 | $27,721 |
| 2014 | $818 | $49,153 | $21,975 | $27,178 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $1,499,000 | -- | $697 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26086278
APN: 5731-006-011
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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