405 Euclid Avenue, Pasadena, CA 91101
  • MLS#: AR25026646 ( Apartment )
  • Street Address: 405 Euclid Avenue
  • Viewed: 1
  • Price: $5,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 27
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91101
  • Provided by: Growth Investment Group Pasade
  • Contact: Han Han
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    405 and 411 N Euclid Ave (2 properties), a very attractive 15 unit semi value add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going in ACTUAL CAP Rate of 5.2% and Proforma CAP Rate of over 6%. The properties consist of 411 417 N Euclid Ave which is a 10 unit single story mid century modern style apartment, and 405 N Euclid Ave, a 5 unit (2 are brand new ADUs) 2 story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411 417 N Euclid is a single story 10 units apartment. The property 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 to its vaulted ceiling layout with most units having its 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. 411 417 N Euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. 405 N Euclid consists of a charming 2 story bungalow building (3 units) and a brand new back building that consist of 2 new ADUs (COO in February 2025). It is situated on a large 11,630 SF lot. It offers an excellent unit mix of two (2) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025 (COO scheduled around February 2025) and may be exempt from any rent control ordinance (buyer to verify). 405 N Euclid ground floor unit has a high ceiling. Both properties have a shared driveway thats located on 405 N Euclid side. Parking is provided by 15 16 open space parking (some are tandem).
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Features
Accessibility Features
  1. None
Additional Parcels Description
  1. 5725031014
Appliances
  1. Dishwasher
  2. Gas Range
  3. Range Hood
  4. Refrigerator
Architectural Style
  1. Colonial
  2. Mid Century Modern
Assessments
  1. Buyer to Verify
Association Fee
  1. 0.00
Building Area Total
  1. 0.00
Carport Spaces
  1. 0.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 24
Current Financing
  1. Conventional
Direction Faces
  1. East
Electric
  1. Standard
Electric Expense
  1. 0.00
Fencing
  1. Wood
  2. Wrought Iron
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Vinyl
  3. Wood
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2100.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 6500.00
Interior Features
  1. Ceiling Fan(s)
  2. Quartz Counters
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Dryer Included
  2. Gas Dryer Hookup
  3. Washer Hookup
  4. Washer Included
Levels
  1. Two
Lockboxtype
  1. None
  2. See Remarks
Lot Features
  1. Landscaped
  2. Level with Street
  3. Lot 20000-39999 Sqft
  4. Rectangular Lot
  5. Near Public Transit
Netoperatingincome
  1. 312644.00
Newtaxesexpense
  1. 65332.00
Number Of Separate Electric Meters
  1. 15
Number Of Separate Gas Meters
  1. 15
Number Wallac
  1. 15
Number With Dishwasher
  1. 12
Number With Disposal
  1. 15
Number With Range
  1. 15
Number Wit Hrefrigerator
  1. 15
Parcel Number
  1. 5725031015
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 13496.00
Property Type
  1. Apartment
Property Condition
  1. Updated/Remodeled
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Asbestos Shingle
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 431649521:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 35563.00
Totalexpenses
  1. 105808.00
Trash Expense
  1. 6600.00
Uncovered Spaces
  1. 15.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Available
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 8540
View
  1. Neighborhood
Water Sewer Expense
  1. 5153.00
Water Source
  1. Public
Year Built
  1. 1950
Year Built Source
  1. Assessor
Zoning
  1. PSR3