444 Euclid Avenue, Pasadena, CA 91101
  • MLS#: CV24210883 ( Apartment )
  • Street Address: 444 Euclid Avenue
  • Viewed: 2
  • Price: $6,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 37
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91101
  • Provided by: CB RICHARD ELLIS
  • Contact: ERIC ERIC
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2 story, 23 unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of 21,172 square feet and a total building size of 17,012 square feet. The property features an excellent unit mix of one bed/one bathroom and two bedroom/one bathroom units averaging 740 SF per unit. The property features an on site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20 mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income producing property that offers a compelling long term investment opportunity. Its current 2.95% interest only debt provides an attractive financing structure, while the significant potential for rental upside an estimated 27% growth to achieve market rentsunderscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first time buyers, seasoned professionals, and those seeking 1031 exchange benefits.
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Features
Building Area Total
  1. 17012.00
Carport Spaces
  1. 22.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 13
Electric Expense
  1. 7925.00
Fuel Expense
  1. 5912.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1680.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 13800.00
Laundry Features
  1. Common Area
Laundry Income
  1. 5951.00
Levels
  1. Two
Lot Features
  1. 21-25 Units/Acre
Netoperatingincome
  1. 290234.00
Newtaxesexpense
  1. 77078.00
Number Of Separate Electric Meters
  1. 23
Otherexpense
  1. 4600.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 5725033015
Pest Control Expense
  1. 1142.00
Pool Expense
  1. 5901.00
Pool Features
  1. Community
  2. In Ground
Professionalmanagementexpense
  1. 38017.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424974555:CRM
Spa Features
  1. None
Suppliesexpense
  1. 2763.00
Totalactualrent
  1. 487020.00
Totalexpenses
  1. 196115.00
Trash Expense
  1. 11555.00
Uncovered Spaces
  1. 6.00
Vacancyallowance
  1. 15042
Water Sewer Expense
  1. 9582.00
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor
Zoning
  1. PSR3