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Cris Epstein

cris.epstein@engelvoelkers.com +1(818) 269-4377

Listed by Handoko Chen • Growth Investment Group Pasade

$ 4,150,000

Est. payment -/mo

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411 North Euclid Avenue Pasadena, CA 91101

4,774 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,774 sqft

Price per Sqft $869

MLS Listing ID AR-25186697

Year Built 1950

Lot Size 0.267 Acres

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

Flooring Vinyl, Wood

Fireplaces Type None

Laundry Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included

Exterior

Parking Features Assigned

Pool None

Community Features Suburban, Valley

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available

Building

Lot Description Landscaped, Lawn, Level, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Park Nearby, Rectangular Lot

Sewer Public Sewer

Cris Epstein

Advisor | License ID: 01385089

+1(818) 269-4377

Cris Epstein

411 North Euclid Avenue Pasadena, CA 91101

Key Details

Location

Interior

Exterior

Building

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411 North Euclid Avenue