411 N Euclid AVE Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91101
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,774 sqft
Price per Sqft $869
MLS Listing ID AR25186697
Construction Status Turnkey,Updated/Remodeled
HOA Y/N No
Year Built 1950
Annual Tax Amount $47,950
Lot Size 0.267 Acres
Acres 0.2669
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,SEER Rated 16+
Flooring Vinyl,Wood
Fireplaces Type None
Appliance Dishwasher,Disposal,Gas Range,Range Hood,Refrigerator
Laundry Dryer Included,Gas Dryer Hookup,Washer Hookup,Washer Included
Exterior
Parking Features Assigned
Pool None
Community Features Suburban,Valley
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected
Handicap Access None
Private Pool No
Building
Lot Description Landscaped,Lawn,Level with Street,Lot 10000-19999 Sqft,Rectangular Lot,Level,Near Public Transit,Park Nearby
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey,Updated/Remodeled
Others
Senior Community No
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None,See Remarks
SHOW CONTACT NAME see remark
SHOW INSTRUCTIONS Property is fully occupied. Please go direct and walk the common area. Inspection only with an accepted offer. Make sure to check the OM in the supplemental or click here for OM: http://growthinvestmentgroup.com/listingdetail.aspx?pid=10501