435 N Euclid Ave, PASADENA, CA

$14,800,000

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5

Beds

4

Baths

25,347

Square feet

1.00

Acre

About 435 N Euclid Ave

We are proud to exclusively present a multifamily opportunity located at 435 N Euclid Avenue in the City of Pasadena! 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse Auditorium and several museums, galleries, and popular eateries. 435 N Euclid Avenue is a rare, 2-story, 37-unit property originally built in 1965 with renovations recently completed in 2023 and ADUs currently under construction in 2024. The property is situated on a single parcel of land for a total of ±23,268 square feet and a total building size of ±25,347 square feet. The property features an excellent unit mix of one-bed/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom units averaging 685 square feet per unit. The property features renovated exteriors with covered parking, additional storage space, secure gated entry, courtyard with string lights, outdoor seating area and lush, mature landscaping. Units are renovated with stainless steel appliances, gas oven/stove combination with stylish range hoods, recessed lighting, wall air conditioning and heating, laminate wood look vinyl plank flooring, washers and dryers, granite countertops and new modern window cellular shades. The city of Pasadena is ideally located within Southern California Offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios, and more. 435 N Euclid Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

Features of 435 N Euclid Ave

MLS® # CV24074862MR
Price $14,800,000
Units 37
Bedrooms 5
Bathrooms 4.00
Square Footage 25,347
Acres 1.00
Year Built 1965
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 435 N Euclid Ave
Area Pasadena NW
City PASADENA
County Los Angeles
State CA
Zip Code 91101

Amenities

Is Waterfront No
Has Pool No
Pool None

Interior

Heating Wall
Fireplace No
# of Stories 2
Has Basement No

Additional Information

Date Listed April 15th, 2024
Days on Market 31
Zoning PSR3
Foreclosure No
RE / Bank Owned No
Cap Rate 4.18
Actual Annual Gross Rent $867,667
Gross Operating Income $1,052,281
Net Operating Income $765,286

Unit 1 Details

Beds 1
Baths 1.00
Rent $61,594

Unit 2 Details

Beds 2
Baths 1.00
Rent $5,950

Unit 3 Details

Beds 2
Baths 2.00
Rent $272,652

Listing Details

AgentEric Chen (01489184)
OfficeCB RICHARD ELLIS

Listing Map

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