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, state of the art mini-split hvac systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. 411-417 n euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen.
405 n euclid consists of a charming 2 story bungalow building (3 units) and a brand-new back building that consist of 2 new adus (coo in february 2025). it is situated on a large ±11,630 sf lot. it offers an excellent unit mix of two (2) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). the 2 new adu units were built in 2025 (coo scheduled around february 2025) and may be exempt from any rent control ordinance (buyer to verify). 405 n euclid ground floor unit has a high ceiling.
both properties have a shared driveway that’s located on 405 n euclid side. parking is provided by 15-16 open space parking (some are tandem).
Property Type
Residential IncomeCounty
Los AngelesStyle
Colonial,Mid-Century ModernAD ID
48521509
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Asbestos Shingle
- Interior Features: Ceiling Fan(s),Quartz Counters
- Property Appliances: Dishwasher,Gas Range,Refrigerator,Range Hood,Dryer,Washer
- Fireplace: None
- Flooring: Carpet,Vinyl,Wood
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1950
- Roof: Asbestos Shingle
Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features
- None
Pool Features
- None
Laundry Features
- Washer Hookup,Gas Dryer Hookup
Fencing
- Wood,Wrought Iron
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.5339
- Lot Size Source: Assessor
- Lot Size Square Feet: 23257
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Listing Information
Listing Price Information
- Original List Price: 5,995,000
- Listing Contract Date: 2025-02-05
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 5725031015
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 645 - Pasadena (NW)
- Directions: Los Robles ave, go west on Maple St, then go north on Euclid ave, both properties are on the left hand side
- Zoning: PSR3
- Source Property Type: Residential Income
- Area: 645 - Pasadena (NW)
- Property SubType: Apartment
Building and Construction
- Property Age: 75
- Common Walls: 2+ Common Walls
- Property Condition: Updated/Remodeled
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 02/22/2025 @ 02:44
- MLS: AR25026646
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 23,257 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91101, this Los Angeles County Home are nearby neighborhoods.