39
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$5,995,000
Est. payment /mo
0.53 Acres Lot
Active
405 411 N Euclid AVE Pasadena, CA 91101
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UPDATED:
02/05/2025 09:40 PM
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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Listed by Han Chen • Growth Investment Group Pasade