542 N Madison Ave

$1,700,000
Price
5
Beds
4
Baths
2,150 Sq. Ft.
$791 / Sq. Ft.
2,150
Sq. Ft.
$791
per Sq. Ft.

Description

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. Three HouseS 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...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. Three HouseS 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.

Property Details for 542 North Madison Avenue

Architectural Style
Bungalow, Spanish
View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 11/11/2025 06:47 AM

Property Details for 542 North Madison Avenue

StatusActive
MLS #AR25256316
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.30 AC / 13,208 SF
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321
Add your commute

Building Information for 542 North Madison Avenue

Stories1Residences-Year Built1923Building Size-Lot Size0.30 AC / 13,208 SF

Payment Calculator

$9,428 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,400

Property Taxes

$1,028

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 542 North Madison Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $75,805
  • Gross Scheduled Income: $75,805
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $74,289
  • Net Operating Income: $42,428
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $31,860
  • Operating Expense Percent: 42.00%
  • New Taxes Expense: $19,051
  • Gardener Expense: $2,700
  • Licenses Expense: $714
  • Insurance Expense: $3,153
  • Maintenance Expense: $747
  • Professional Management Expense: $0
  • Trash Expense: $2,400
  • Water Sewer Expense: $1,760
  • Total Expenses: $31,860
Tax / Assessment Info
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $1,138
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban, Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Gas Dryer Hookup, Washer Hookup
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Carpet, Wood
  • Flooring: Carpet, Wood
Exterior Features
  • Construction Materials: Stucco, Vertical Siding, Wood Siding
  • Exterior Construction: Stucco, Vertical Siding, Wood Siding
  • Exterior: Stucco, Wood
  • Entry Location: 1
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Property Condition: Repairs Cosmetic
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Direction Faces: West
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Concrete
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,600
  • Unit Type Total Rent: $2,600
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,822
  • Unit Type Total Rent: $1,822
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,895
  • Unit Type Total Rent: $1,895
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 3
  • Number With Refrigerator: 0
  • Number With Disposal: 3
  • Number Wall AC: 3

Property History for 542 North Madison Avenue

DateEvent & SourcePriceAppreciation
Nov 7, 2025

Listed (Active)

SDMLS #AR25256316

$1,700,000—
Nov 7, 2025

Listed (Active)

CLAW #AR25256316MR

$1,700,000—
Nov 7, 2025

Listed (Active)

CRMLS #AR25256316

$1,700,000—
Jun 8, 2025

Expired

CRMLS #DW25024844

—
Jun 8, 2025

Expired

CRMLS #DW25027864

—
Jun 7, 2025

Expired

CLAW #DW25027864MR

$1,525,000—
Jun 7, 2025

Expired

CLAW #DW25024844MR

$1,525,000—
Apr 25, 2025

Withdrawn / Cancelled

CRMLS #DW25024844

$1,525,000—
Apr 25, 2025

Withdrawn / Cancelled

CRMLS #DW25027864

$1,525,000—
Apr 25, 2025

Withdrawn / Cancelled

CLAW #DW25024844MR

—
Apr 25, 2025

Expired

SDMLS #DW25024844

$1,525,000—
Apr 25, 2025

Withdrawn / Cancelled

CLAW #DW25027864MR

—
Apr 25, 2025

Expired

SDMLS #DW25027864

$1,525,000—
Feb 6, 2025

Listed (Active)

CRMLS #DW25027864

$1,800,000—
Feb 4, 2025

Listed (Active)

SDMLS #DW25027864

$1,800,000—
Feb 4, 2025

Listed (Active)

CLAW #DW25027864MR

$1,800,000—
Feb 3, 2025

Listed (Active)

CLAW #DW25024844MR

$1,800,000—
Feb 3, 2025

Listed (Active)

CRMLS #DW25024844

$1,800,000—
Feb 3, 2025

Listed (Active)

SDMLS #DW25024844

$1,800,000—
DateEvent & SourcePrice
11/07/2025

Listed (Active)

SDMLS #AR25256316

$1,700,000
11/07/2025

Listed (Active)

CLAW #AR25256316MR

$1,700,000
11/07/2025

Listed (Active)

CRMLS #AR25256316

$1,700,000
06/08/2025

Expired

CRMLS #DW25024844

—
06/08/2025

Expired

CRMLS #DW25027864

—
06/07/2025

Expired

CLAW #DW25027864MR

$1,525,000
06/07/2025

Expired

CLAW #DW25024844MR

$1,525,000
04/25/2025

Withdrawn / Cancelled

CRMLS #DW25024844

$1,525,000
04/25/2025

Withdrawn / Cancelled

CRMLS #DW25027864

$1,525,000
04/25/2025

Withdrawn / Cancelled

CLAW #DW25024844MR

—
04/25/2025

Expired

SDMLS #DW25024844

$1,525,000
04/25/2025

Withdrawn / Cancelled

CLAW #DW25027864MR

—
04/25/2025

Expired

SDMLS #DW25027864

$1,525,000
02/06/2025

Listed (Active)

CRMLS #DW25027864

$1,800,000
02/04/2025

Listed (Active)

SDMLS #DW25027864

$1,800,000
02/04/2025

Listed (Active)

CLAW #DW25027864MR

$1,800,000
02/03/2025

Listed (Active)

CLAW #DW25024844MR

$1,800,000
02/03/2025

Listed (Active)

CRMLS #DW25024844

$1,800,000
02/03/2025

Listed (Active)

SDMLS #DW25024844

$1,800,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 542 North Madison Avenue

Taxable ValueLand$755,579Additions$252,567Total$1,008,146
Tax Record2025$12,331 ($1,028 / month)
Home Facts
Total Finished SqFt2,150 SqFtAbove Grade Finished SqFt2,150 SqFtLot Size13,208 SqFtStyleTriplexYear Built1921ZoningPSR1CountyLOS ANGELESAPN5731-006-011

Schools near 542 North Madison Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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542 North Madison Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on November 7, 2025 by Growth Investment Group Pasade, it's currently listed at $1,700,000. This listing's school district is Pasadena Unified School District. Nearby schools include Madison Elementary School, Octavia E. Butler Magnet School and John Muir High School. 542 North Madison Avenue is a 5-bed, 4-bath, 2,150 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.