Aggregate Investment Partners of KW Commercial are pleased to present the opportunity to acquire this multi-family development project located at 417-419 N. Madison Avenue in Pasadena, California.
Known as the Madison Grove apartments, this project is situated on two parcels of land totaling approximately 31,488 square feet. Currently in the process of receiving approved variance and zoning entitlements, Madison Grove has been carefully designed and crafted to comply with the City of Gardens requirements of Pasadena. The preliminary plans for this 35-unit urban style luxury apartment project have been submitted to the City of Pasadena and are currently in the plan check phase with the city planning department, Approval status of variance and zoning entitlements are expected in July of 2018, allowing a developer to begin the phase of planning and design approvals.
Madison Grove Apartments is located just north of the 210 Freeway surrounded by a mix of apartment and bungalow style single family residential units. Located near old town Pasadena and the Paseo Colorado, this property presents an opportunity to capture a rare piece of newly developing in-fill market of Pasadena.
For interest to purchase the Madison Grove development site, please contact Casey Picard or Ruben Oganesyan at 626.376.9233