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Intero Real Estate Services
435 N Euclid, Pasadena, CA 91101
- $13,500,000
Listed by Handoko Chen, from Growth Investment Group Pasade
(If provided) CoList: from
- List Price
- $13,500,000
- MLS#
- CRAR26218872
- Status
- ACTIVE
- Lot Size
- 23,384
- Listing Area
- 647 - Pasadena (Sw)
- Year Built
- 1965
Property Description
37 Units TURNKEY Next to Old Pasadena | 6.00% Cap (Self-Managed) | Ideal 1031 Exchange with 100% Upgraded Interiors & Exteriors, and 7 New ADUs | Fully Sprinklered + Brand New Electrical Panels & Subpanels, and more. 435 N Euclid Ave, an exceptional 37-unit turnkey apartment community located just blocks from historic Old Pasadena. Offering an attractive going Cap Rate of 6.00% (under a self-managed scenario) alongside future rental upside, this asset is the premier acquisition for investors seeking immediate stability and zero deferred maintenance. The comprehensive 2022-2026 renovation introduced 7 brand-new ADUs to the site, bringing the property to an impressive ±25,536 square feet of building space on a large 23,268 square-foot R3-zoned lot. Surrounded by stellar demographics featuring over $126,000 in average household income within a one-mile radius, this asset commands premium rents in one of Southern California's strongest submarkets, and offers easy access to all amenities City of Pasadena has to offer. Originally built in 1965, the two-story Mid-Century Modern building has been meticulously modernized while retaining its distinctive architectural charm and welcoming center courtyard. The highly desirable unit mix consists of nine (9) 2-bedroom/2-bathroom, two (2)
Additional Information
- Amenities
- Storage Area(s), Balcony/Patio, Counter - Stone, Furnished - Partial, Other
- Cooling System
- Whole House / Attic Fan
- Floor Covering
- Laminate
- Foundation
- Raised
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Laundry Facilities
- 38, Washer, Washer/Dryer - Owned, Dryer
- Lot Description
- Grade - Level
- Lot Size
- 23,384
- Neighborhood
- 647 - Pasadena (Sw)
- Pool Description
- 31, None
- Roof
- Flat / Low Pitch
- Unincorporated Yn
- Yes
- View
- Hills, Neighborhood View
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