Homes for sale - 259 N Euclid Avenue, Pasadena, CA 91101

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Craig Hulbert

craig.hulbert@exprealty.com +1(858) 752-3447

$ 6,500,000

Est. payment | -/mo

1 Bed

4 Baths

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$ 6,500,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25196269

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Location, Efficient Unit Mix, High Density Commercial Zoned Lot, Irreplaceable Location with Over 5% Cash-on-Cash Return. a prime value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is being offered for sale at below replacement costs for such a high-quality location and provides an attractive 5.51% Actual CAP Rate and a Low Price per unit. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a 11,811 SF Lot (Zoning is PSC CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, five (5) junior

Location

State CA

County Los Angeles

Zoning Assessor

Direction FWY 210 exit Fair Oaks Ave - go south and then left on Walnut St and left on Euclid Ave.

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5723004016

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://growthinvestmentgroup.com/listingdetail.aspx?pid=10461

Listed by Handoko Chen Growth Investment Group Pasade

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

Arroyo Vista Elementary School

Public | KG - 5
10

Marengo Elementary School

Public | KG - 5
10

Valentine Elementary School

Public | KG - 5
7

Aveson School of Leaders

Public | KG - 5
7

Hamilton Elementary School

Public | PK - 5
7

Washington Elementary School

Public | KG - 5
6

San Rafael Elementary School

Public | KG - 5
6

Coolidge Elementary School

Public | KG - 5
6

Daniel Webster Elementary School

Public | PK - 5
5

Garvanza Elementary

Public | KG - 5
5

San Pascual STEAM Magnet

Public | KG - 5
5

Washington Elementary School

Public | PK - 5
5

Longfellow Elementary School

Public | PK - 5
4

Franklin Elementary School

Public | PK - 5
4

Roosevelt Elementary School

Public | PK - 5
3

Jackson STEM Magnet

Public | PK - 5
3

Cleveland Elementary School

Public | PK - 5
3

McKinley School

Public | KG - 8
3

Jefferson Elementary School

Public | PK - 5
2

Annandale Elementary School

Public | KG - 5

Middle Schools 14

10

South Pasadena Middle School

Public | 6 - 8
9

Huntington Middle School

Public | 6 - 8
8

Marshall Fundamental

Public | 6 - 12
5

Luther Burbank Middle School

Public | 6 - 8
4

Blair High School

Public | 6 - 12
2

Charles W. Eliot Arts Magnet Academy

Public | 6 - 8
1

Washington STEAM Multilingual Academy

Public | 6 - 8
0

Optimist Charter

Public | 7 - 12
0

Puc California Academy for Liberal Studies

Public | 6 - 8
0

Fusion Academy Pasadena

Private | 7 - 12
0

The Hillside School & Learning Center

Private | 7 - 12
0

Southwestern Academy

Private | 6 - 12
0

Excelsior School

Private | 8 - 12
0

The Peace & Justice Academy

Private | 6 - 12

High Schools 13

10

La Canada High School

Public | 9 - 12
10

South Pasadena High School

Public | 9 - 12
10

San Marino High School

Public | 9 - 12
5

Puc Ca Academy for Liberal Studies Early College H

Public | 9 - 12
3

John Muir High School

Public | 9 - 12
0

Optimist High School

Private | 9 - 12
0

Flintridge Sacred Heart Academy

Private | 9 - 12
0

St Francis High School

Private | 9 - 12
0

Mayfield Senior School

Private | 9 - 12
0

Maranatha High School

Private | 9 - 12
0

Rose City High (Continuation)

Public | 9 - 12
0

Agbu Vatche and Tamar Manoukian High School

Private | 9 - 12
0

Agbu Vatche & Tamar Manoukian High School

Private | 9 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

259 N Euclid Avenue Pasadena, CA 91101