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For sale
  • Listed by: Growth Investment Group Pasade • Handoko Chen • han.chen@growthinvestmentgroup.com
    $1,498,000

    542 N Madison Ave, Pasadena, CA 91101

    5beds
    4baths
    2,150sqft
    : 
    $9,758/mo
    Get pre-qualified
    Triplex
    Built in 1923
    -- sqft lot
    $1,469,100 Zestimate®
    $697/sqft
    $-- HOA

    What's special

    3 Houses on a large Lot (front house is vacant) - several blocks north of Old Town Pasadena, Large ±13k SF Lot, highly desirable layout, Easy to Rent and Manage - Can add ADUs (buyer to verify!). 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 (vacant), 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 front house is vacant). 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.
    189 days
    282
    19

    Zillow last checked:

    Listing updated:

    Listed by:

    Handoko Chen DRE #01749321 han.chen@growthinvestmentgroup.com,

    Growth Investment Group Pasade

    Source: CRMLS,MLS#: AR26235777MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      Heating
      • Wall Furnace
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Gas Range
      • Laundry: Washer Hookup, Gas Dryer Hookup
      Features
      • Flooring: Carpet, Wood
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 2,150
      • Total interior livable area: 2,150 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Concrete, Driveway
      • Uncovered spaces: 6
      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Pool features: None
      • Spa features: None
      Lot
      • Size: 0.3 Acres
      • Features: Lawn, Level, Near Public Transit, Rectangular Lot, Street Level
      Details
      • Parcel number: 5731006010
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Bungalow,Spanish
      • Property subtype: Triplex
      Materials
      • Stucco, Vertical Siding, Wood Siding
      • Foundation: Slab
      Condition
      • Repairs Cosmetic
      • New construction: No
      • Year built: 1923

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Suburban, Valley
      Location
      • Region: Pasadena

      Financial & listing details

      • Price per square foot: $697/sqft
      • Tax assessed value: $1,028,308
      • Date on market: 11/3/2026
      • Cumulative days on market: 189 days
      • Listing terms: Cash,Cash to New Loan
      • Total actual rent: 7561
      • Tenant pays: Electricity, Gas
      • Road surface type: Paved

        Estimated market value

        $1,469,100

        $1.40M - $1.54M

        $2,963/mo

        Price history

        DateEventPrice
        11/3/2026Listed for sale$1,498,000-1.8%$697/sqft
        Source: CRMLS #AR26235777 Report a problem
        3/12/2025Price change$1,525,000-15.3%$709/sqft
        Source: CRMLS #DW25027864 Report a problem
        2/3/2025Listed for sale$1,800,000$837/sqft
        Source: CRMLS #DW25024844 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $1,028,308 +2%
        2025$12,331 +5.7%$1,008,146 +2%
        2024$11,669 +0.9%$988,379 +2%
        2023$11,568 +4.2%$969,000 +1606.8%
        2022$11,104 +630.5%$56,772 +2%
        2021$1,520 +74.1%$55,660 +1%
        2020$873 $55,090 +2%
        2019$873 +3.5%$54,011 +2%
        2018$843 $52,953 +2%
        2017$843 -0.6%$51,915 +2%
        2016$849 +5.6%$50,898 +1.5%
        2015$803 -1.9%$50,135 +2%
        2014$818 $49,153 +2.5%
        2012-- $47,974 +4.6%
        2008-- $45,878 +2%
        2007-- $44,979 +2%
        2006-- $44,098 +4%
        2004-- $42,387 +1.9%
        2003-- $41,611 +2%
        2002-- $40,796
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: West Central

        Getting around

        78 / 100
        Very Walkable
        65 / 100
        Good Transit
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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