40
See all 40 photos
$4,150,000
Est. payment /mo
New
411 N Euclid Avenue Pasadena, CA 91101
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25186697
Property Sub-Type Res Income 2-4 Units
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 prop
Location
State CA
County Los Angeles
Zoning Assessor
Direction one block west of Los Robles Ave, north of Maple St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5725031015
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10501
Listed by Handoko Chen Growth Investment Group Pasade