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.
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
Triplex
Built in 1923
-- sqft lot
$1,469,100 Zestimate®
$697/sqft
$-- HOA
What's special
- 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#: AR26235777
Originating 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
| Date | Event | Price |
|---|---|---|
| 11/3/2026 | Listed for sale | $1,498,000-1.8%$697/sqft |
Source: | ||
| 3/12/2025 | Price change | $1,525,000-15.3%$709/sqft |
Source: | ||
| 2/3/2025 | Listed for sale | $1,800,000$837/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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






