Pasadena, CA 91101 435 N Euclid Avenue

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Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717
  • MLS# CV24074862
  • 04/16/2024
  • Request Tour
  • Request Info
  • BedBeds • 48
  • BathBaths • 4
  • FootageSQFT • 25,347

Home Details

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.
Presented By: ERIC CHEN with CB RICHARD ELLIS; 626-757-5717

Interior Features for 435 N Euclid Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, Stacked
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 435 N Euclid Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.18
Carport Y/NNo
CityPasadena
Community FeaturesCurbs, Mountainous, Sidewalks
CoolingWallWindowUnits
CountyLos Angeles
Days on Market
DirectionsMerge onto 210W, Exit Lake Avenue, Merge onto E Maple Street, Turn Right on N Euclid Ave
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income1084826.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense14236.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet23268.0
MLS Area645 - Pasadena (NW)
MaintenanceExpense18500.0
MobileHomeRemainsYNNo
Net Operating Income765286.0
New ConstructionNo
Number of Units Leased29
Operating Expense286995.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameEuclid
Tax Lot25
Taxes$170,230
Total Actual Rent867667.0
Total Units37
Trash Expense8223.0
View Y/NNo
Water Sewer Expense22817.0
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningPSR3

Exterior for 435 N Euclid Avenue

Building Area Total25347.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem3640UnitsAcre
Lot Size Acres0.5342
Lot Size Area23268.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters37
Number of Separate Gas Meters37
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $14,800,000
MLS#CV24074862
List Date 04/16/2024
Property Type Multi-Family
Phone 714.964.3311
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