$2,850,000
570 N Madison, Pasadena CA 91101
Multi-Family (9 Units)
Property type
29 days
On market
$395
Price per sqft
0 cars
Garage
1963
Year built
12,685 sqft
Lot size
Home highlights
Open Houses
Overview
Beautifully Maintained 9-units Value-add Mid-Century-Modern apartment several blocks north of Old Town Pasadena. Excellent Unit Mix, Large 12,685 SF Lot, can do ±9 ADUs, Excellent going-in CAP Rate with High Proforma CAP Rate, Many CapEX recently completed! A very well-maintained 9-unit value-add apartment in the City of Pasadena. Situated only several blocks north of...
Listing provided by: Handoko Chen DRE #01749321, Growth Investment Group Pasade
Listing updated: May 8, 2026 at 12:06am.
Last checked: Jun 5, 2026 at 02:30pm
Source: CRMLS #AR26100175
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 2 | 3 | 1 | — | $2,114 | $4,228 | $5,800 | Unfurnished |
| 7 | 2 | 1 | — | $2,185 | $15,295 | $18,725 | Unfurnished |
# of Buildings: 1
# of Units Total: 9
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Ranges: 9
Refrigerator: 9
Rent Control: Yes
Units Leased: 9
Total Actual Rent: $19,523
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.1x
List Price / Annual Gross Rent
Cap Rate
5.7%
NOI / List Price
Gross Scheduled Income: $235,473
Vacancy Allowance: $4,709
Vacancy Allowance Rate: 2%
Operating Expense: $68,287
Net Operating Income: $162,476
Annual Operating Expenses
Electric: $1,299
Gardener: $1,722
Fuel: $451
Insurance: $4,188
Licenses: $2,944
Maintenance: $6,557
New Taxes: $31,938
Pest Control: $1,581
Professional Management: $0
Trash: $7,794
Water / Sewer: $4,349
Interior
Interior Features: Ceiling Fans
Flooring: Laminate, Vinyl, Wood
Cooling: Wall Window Units
Heating: Wall Furnace
Appliances: Gas Range, Refrigerator
Fireplace: None
Laundry: Common Area
Accessibility: None
Entry Location: 1
Exterior
Architectural Style: Mid Century Modern
Property Attached: Yes
Stories Total: 2
Levels: Two
Roof: Asphalt
Property Condition: Repairs Cosmetic
Common Walls: Two Common Walls Or More
Direction Faces: West
Lot Features: Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level
Pool: None
Spa: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View: None
Garage and Parking
Parking: Attached Carport, Assigned, Carport, Detached Carport
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 9
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5731006024
Additional Parcels: No
Tax Lot: 6
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Suburban, Valley
Nearby Schools
Nearby schools around the 570 N Madison, Pasadena, CA 91101. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,280,000
Total Interest
$2,908,014
Total Payment
$5,188,014
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,530
per month
Property History for 570 N Madison
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91101.
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