Pasadena, CA 91101,405 411 N Euclid AVE
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Pasadena, CA 91101,405 411 N Euclid AVE
Pasadena, CA 91101,405 411 N Euclid AVE
Pasadena, CA 91101,405 411 N Euclid AVE
Pasadena, CA 91101,405 411 N Euclid AVE
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405 411 N Euclid AVE Pasadena, CA 91101

0.53 Acres Lot


UPDATED:

02/05/2025 10:38 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25026646

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1950

Lot Size 0.534 Acres

Property Sub-Type Apartment

Property 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 that's located on 405 N Euclid side. Parking is provided by 15-16 open space parking (some are tandem).

Location

State CA

County Los Angeles

Area 645 - Pasadena (Nw)

Zoning PSR3

Interior

Interior Features Ceiling Fan(s), Quartz Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Fence Wood, Wrought Iron

Pool None

Community Features Valley

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

View Y/N Yes

View Neighborhood

Roof Type Asbestos Shingle

Accessibility None

Total Parking Spaces 15

Private Pool No

Building

Lot Description Landscaped, Near Public Transit, Rectangular Lot, Street Level

Faces East

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Colonial, Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5725031015

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade • [email protected]
agent

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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405 411 N Euclid AVE