Homes for sale - 405 411 N Euclid AVE, Pasadena, CA 91101

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Han Chen • Growth Investment Group Pasade

$5,995,000

Est. payment - /mo

0.53 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRAR25026646

Style Colonial

Originating Board California Regional MLS

Year Built 1950

Lot Size 0.534 Acres

Property Description

405 and 411 N Euclid Ave (2 properties), a very attractive 15-unit semi value-add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going-in ACTUAL CAP Rate of 5.2% and Proforma CAP Rate of over 6%. The properties consist of 411-417 N Euclid Ave which is a 10-unit single story mid-century modern style apartment, and 405 N Euclid Ave, a 5-unit (2 are brand new ADUs) 2-story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411-417 N Euclid is a single story 10 units apartment. The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique to its vaulted ceiling layout with most units having its private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer,

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Rooms

Kitchen Dishwasher, Hood Over Range, Oven Range - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Laundry Gas Hookup, 30, Washer, Washer/Dryer - Owned, Dryer

Exterior

Parking Features Assigned Spaces

Garage Spaces 15.0

Pool 31, None

View Local/Neighborhood

Roof Type Shingle

Building

Lot Description Grade - Level

Water District - Public

Architectural Style Colonial

Others

Tax ID 5725031015

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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405 411 N Euclid AVE Pasadena, CA 91101

JLee Broker

Key Details

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Rooms

Interior

Exterior

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Others

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