Pasadena, CA 91101,411 417 N Euclid AVE
Pasadena, CA 91101,411 417 N Euclid AVE
Pasadena, CA 91101,411 417 N Euclid AVE
Pasadena, CA 91101,411 417 N Euclid AVE
Pasadena, CA 91101,411 417 N Euclid AVE
Pasadena, CA 91101,411 417 N Euclid AVE
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$ 4,150,000
Est. payment | /mo

0.27 Acres Lot


$ 4,150,000
Est. payment | /mo

0.27 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25186697

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1950

Annual Tax Amount $47,950

Lot Size 0.267 Acres

Property Sub-Type Apartment

Property Description

Highly Desirable Single Story 10-units near Old Town Pasadena, Very Attractive Return w/ 5.25% Current CAP Rate, Excellent Location, Large lot size, Secured Entrance with Private Patio, Almost All Units are Fully Upgraded. 411-417 N Euclid Ave, a very attractive 10-unit Single-story apartment investment, only several blocks north of Old Town Pasadena. This offering provides a very attractive going-in ACTUAL CAP Rate of 5.25% providing consistent and stable cash flow for a savvy investor. The property is a 10-unit single story modern style apartment, and offers strategic location near the Old Town Pasadena, and Rose Bowl area.

It 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 because it has a vaulted ceiling layout with most units having their own 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.

The property has a shared driveway with 405 N Euclid (5-unit next door – also for sale). Parking is provided by 10 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony, so it does not require any SB721 inspection. The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!
The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena's historic City Hall, it sits just minutes from the California Institute of Technology, PCC, etc.

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR3

Interior

Heating Ductless, Wall Furnace

Cooling Ductless

Flooring Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Suburban, Valley, Park

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 10

Private Pool No

Building

Lot Description Lawn, Landscaped, Level, Near Park, Near Public Transit, Rectangular Lot, Street Level

Faces East

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 5725031015

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10501

CRMLS – RECore
Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

GET MORE INFORMATION

agent
Mitch Stein

Partner | Lic# DRE# 02081632

+1(909) 206-4399

337 E. Arrow Hwy, Claremont, CA, 91711

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411 417 N Euclid AVE