$5,200,000 Price Analysis   ♡   Pasadena, CA 91101 18 bed 13 bath 10,442 SqFt ($497/SqFt) 0.67 acre lot. Built 1921 Listed 2024-05-13, Taxes $4,062 | Ⓧ USDA Ineligible due to price & location near Pasadena |
420 and 434 S Euclid Ave
Two Madison Heights area multifamily investment opportunities 2 blocks south of OLD TOWN PASADENA! The sellers family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years). These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield Junior School, a well-known and highly rated private Catholic school. The street is a mature and quiet residential area with superb access to Old Town Pasadena amenities. 420 S Euclid is a attractive single-story bungalow style apartment that was built in 1921 (by sellers family). It consists of seven (7) individual houses/bungalows (no shared wall betwee n unit) on a large 19, 492sf R3zoned lot. It has a total of 6, 133 SF building size with well-maintained center courtyard.
It offers an excellent unit mix with three (3) x large 2bedroom+1bathroom bungalows and four (4) x 1bedroom+1bathroom bungalows. Recent capital improvements were updated electrical, mostly copper plumbing, 6-year-old roof, exterior repainting in 2012, etc. (Buyer to verify). Each unit is roomy and large with an excellent layout, large dining room that could double a den or extra room (with built-in cabinets), breakfast nook, original hardwood flooring, charm and character. Each unit has an individual water heater and sparately metered for electricity and gas. There is a shared laundry room in the parking area (laundry rooms gas is using one of the units gas meter). Parking for 420 S Euclid is provided by 5 garages, 1 carport and 1 open space. There is a large common area backyard on the side of the laundry room/behind 1 of the bungalows. EUCLID COURT - 434 S Euclid is a charming and attractive 6-unit apartment next to 420 S Euclid. It consists of a fourplex in the front and duplex in the back. It was originally a 2-unit that was built in 1913, the four additional units (2 in the front and 2 in the back) were built in 1950s. It offers a good unit mix of two (2) x 2bed+1bath and four (4) x 1bed+1bath units. It has a total of 4, 309sf building size and is situated on a large 9, 750sf R3 lot size.
Presented by Han Chen at
Growth Investment Group Pasade.
Property MLS #AR24093360 from CRMLS
Appliances YN: Yes
Laundry Features: Common Area
Fireplace Features: Living Room
Heating Features: Wall Furnace
Heating: Yes
Garage Spaces: 13
Parking Features: Parking YN: Yes, Parking Features: Assigned, Detached Carport, Garage
Parking Total: 13
Lot Size Acres: 0.6713
Lot Size Source: Assessor
Lot Size Square Feet: 29242
Road Surface Type: Paved
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Garage Spaces: 3
Unit-2 Garage Spaces: 4
Unit-3 Garage Spaces: 2
Unit-4 Garage Spaces: 4
Gardener Expense: 7116.00
Maintenance Expense: 7800.00
Tenant Pays: Electricity, Gas
Rent Control: Yes
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 8158.00
Area: 647 - Pasadena (SW)
Source Neighborhood: 647 - Pasadena (SW)
New Taxes Expense: 58709.00
Number of Separate Electric Meters: 14
Number of Separate Gas Meters: 14
Number of Separate Water Meters: 2
Parcel Number: 5722034007
Postal Code Plus 4: 3127
Trash Expense: 6000.00
Zoning: PSR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $84,069 + $99,311 $183,380 | $4,062 |
| 2021 | $82,421 + $97,364 $179,785 | $3,899 |
| 2020 | $81,576 + $96,366 $177,942 | $3,807 |
| 2019 | $79,977 + $94,477 $174,454 | $3,801 |
| 2018 | $78,409 + $92,625 $171,034 | $3,569 |
| 2017 | $76,872 + $90,809 $167,681 | $3,510 |
| 2016 | $75,365 + $89,029 $164,394 | $3,361 |
| 2015 | $74,233 + $87,692 $161,925 | $3,319 |
| 2014 | $72,779 + $85,975 $158,754 | $3,323 |
| 2013 | $72,451 + $85,587 $158,038 | $3,310 |
| 2012 | $71,031 + $83,909 $154,940 | $3,277 |
| 2010 | $69,639 + $82,264 $151,903 | $3,161 |
| 2009 | $69,284 + $81,844 $151,128 | $3,118 |
| 2009 | $69,119 + $81,650 $150,769 | $3,118 |
| 2008 | $67,926 + $80,240 $148,166 | $2,972 |
| 2007 | $66,595 + $78,667 $145,262 | $2,822 |
$5,200,000
CRMLS
Sold 1963-04-12
$111,000
Public Record
Year Built: 1921
Building Features: 8
Common Walls: 2+ Common Walls
Direction Faces: West
Entry Level: 1
Entry Location: 1
Property Age: 103
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Asbestos Shingle
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
House Style: Bungalow, Craftsman
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 7304.00
Cable Connected
Electricity Connected
Natural Gas Connected
Phone Available
Sewer Connected
Water Connected
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.