435 N Euclid Avenue
Pasadena, CA, 91101 $ 14,800,000
Bedrooms48 Baths4.0 Sq 25,347 Monthly Estimate*
$ 103,382
Listed by CB RICHARD ELLIS
for $14,800,000 with 48 bedrooms and 4 full baths. This 25,347 square foot home was built in 1965 on a lot size of 0.5342.
We are proud to exclusively present a multifamily opportunity located at 435 N Euclid Avenue in the City of Pasadena! 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse Auditorium and several museums, galleries, and popular eateries. 435 N Euclid Avenue is a rare, 2-story, 37-unit property originally built in 1965 with renovations recently completed in 2023 and ADUs currently under construction in 2024. The property is situated on a single parcel of land for a total of ±23,268 square feet and a total building size of ±25,347 square feet. The property features an excellent unit mix of one-bed/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom units averaging 685 square feet per unit. The property features renovated exteriors with covered parking, additional storage space, secure gated entry, courtyard with string lights, outdoor seating area and lush, mature landscaping. Units are renovated with stainless steel appliances, gas oven/stove combination with stylish range hoods, recessed lighting, wall air conditioning and heating, laminate wood look vinyl plank flooring, washers and dryers, granite countertops and new modern window cellular shades. 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. 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. 435 N Euclid Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
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FeaturesGeneralSewer PublicSewer
Heating WallFurnace
Cooling WallWindowUnits
Zoning PSR3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1965
Stories 2
Levels Two
Property SubType Apartment
Gross Income 1084826.0
Community Features Curbs Mountainous Sidewalks
County Los Angeles
Net Operating Income 765286.0
Operating Expense 286995.0
Insurance Expense 14236.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Merge onto 210W Exit Lake Avenue Merge onto E Maple Street Turn Right on N Euclid Ave
City Pasadena
Entry Location 1
View Y/N N
Senior Community Y/N N
Total Units 37
MLS Area 645 - Pasadena (NW)
Lot Size Square Feet 23268.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 29
Street Name Euclid
Listing Terms Cash CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 8223.0
Water Sewer Expense 22817.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 25
Total Actual Rent 867667.0
Property Sub Type Additional Apartment
Taxes 170230.0
Cap Rate 4.18
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ExteriorLot Features Item3640UnitsAcre
Water Source Public
Total Parking 0.0
Lot Size Area 23268.0
Number of Buildings 2
Spa N
Building Area Total 25347.0
Lot Size Acres 0.5342
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 37
Number of Separate Electric Meters 37
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Inside Stacked
Entry Level 1
Electric On Property Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $103,382
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Pasadena, CA
Average List Price $2,721,646
Percent of Sale Price 82%
About Pasadena, CA 141,450 Population
6% Since 2002
$ 77,514 Median Income
39.52 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/17/2024 | $14,800,000 | | Listed Price |