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$ 13,500,000
Est. payment | /mo
6 Beds
5 Baths
0.54 Acres Lot
$ 13,500,000
Est. payment | /mo
6 Beds
5 Baths
0.54 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26218872
Bedrooms 6
Lot Size 0.537 Acres
Property Sub-Type Res Income 2-4 Units
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 20222026 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) 2-bedroom/1-bathroom, twenty-five (25) 1-bedroom/1-bathroom, and one (1) studio unit. Floor plans are exceptionally bright and spacious, featuring large windows and private balconies in most units. Every single interior has been gutted and upgraded to luxury standards, boasting new quartz kitchens with dis
Location
State CA
County Los Angeles
Zoning Assessor
Direction 1 BLOCK WEST OF LOS ROBLES AVE.
Interior
Cooling Attic Fan
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5725031017
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10552
Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade
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