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Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade
$ 13,500,000
Est. payment /mo
Active
435 N Euclid Pasadena, CA 91101
0.54 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26218872
Year Built 1965
Lot Size 0.537 Acres
Source California Regional MLS
Property Description
37 Units TURNKEY Next to Old Pasadena | 6.00% Cap (Self-Managed) | Ideal 1031 Exchange with 100% Upgraded Interiors & Exteriors, and 7 New ADUs | Fully Sprinklered + Brand New Electrical Panels & Subpanels, and more. 435 N Euclid Ave, an exceptional 37-unit turnkey apartment community located just blocks from historic Old Pasadena. Offering an attractive going Cap Rate of 6.00% (under a self-managed scenario) alongside future rental upside, this asset is the premier acquisition for investors seeking immediate stability and zero deferred maintenance. The comprehensive 2022-2026 renovation introduced 7 brand-new ADUs to the site, bringing the property to an impressive ±25,536 square feet of building space on a large 23,268 square-foot R3-zoned lot. Surrounded by stellar demographics featuring over $126,000 in average household income within a one-mile radius, this asset commands premium rents in one of Southern California's strongest submarkets, and offers easy access to all amenities City of Pasadena has to offer. Originally built in 1965, the two-story Mid-Century Modern building has been meticulously modernized while retaining its distinctive architectural charm and welcoming center courtyard. The highly desirable unit mix consists of nine (9) 2-bedroom/2-bathroom, two (2)
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Rooms
Kitchen Oven Range - Gas
Interior
Heating Wall Furnace
Cooling Whole House / Attic Fan
Flooring Laminate
Laundry 38, Washer, Washer/Dryer - Owned, Dryer
Exterior
Parking Features Assigned Spaces
Garage Spaces 38.0
Pool 31, None
View Hills, Local/Neighborhood
Roof Type Flat / Low Pitch
Building
Lot Description Grade - Level
Foundation Raised
Water District - Public
Others
Tax ID 5725031017
Special Listing Condition Not Applicable
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