$14,800,000 Price Analysis   ♡   Pasadena, CA 91101 48 bed 46 bath 25,347 SqFt ($583/SqFt) 0.53 acre lot. Built 1965 Listed 2024-04-16, Taxes $107,024 | Ⓧ USDA Ineligible due to price & location near Pasadena |
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 Pasadna 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 extraordinary 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.
Presented by Eric Chen at
Cb Richard Ellis.
Property MLS #CV24074862 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Lot Size Acres: 0.5342
Lot Size Source: Assessor
Lot Size Square Feet: 23268
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Gardener Expense: 2760.00
Maintenance Expense: 18500.00
Vacancy Allowance: 32545
Rent Control: Yes
County: Los Angeles
Cap Rate: 4.18
Other Expense: 7400.00
Source Property Type: Residential Income
Insurance Expense: 14236.00
Area: 645 - Pasadena (NW)
Source Neighborhood: 645 - Pasadena (NW)
New Taxes Expense: 170230.00
Number of Separate Electric Meters: 37
Number of Separate Gas Meters: 37
Number of Separate Water Meters: 1
Parcel Number: 5725031017
Postal Code Plus 4: 1347
Professional Management Expense: 42830.00
Trash Expense: 8223.00
Zoning: PSR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $5,000,000 + $4,250,000 $9,250,000 | $107,024 |
| 2021 | $1,717,096 + $375,301 $2,092,397 | $28,285 |
| 2020 | $1,699,490 + $371,453 $2,070,943 | $27,317 |
| 2019 | $1,666,167 + $364,170 $2,030,337 | $27,333 |
| 2018 | $1,633,498 + $357,030 $1,990,528 | $27,456 |
| 2017 | $1,601,469 + $350,030 $1,951,499 | $27,137 |
| 2016 | $1,570,068 + $343,167 $1,913,235 | $26,350 |
| 2015 | $1,546,485 + $338,013 $1,884,498 | $26,021 |
| 2014 | $1,516,192 + $331,392 $1,847,584 | $25,699 |
| 2013 | $1,509,340 + $329,895 $1,839,235 | $25,660 |
| 2012 | $1,479,746 + $323,427 $1,803,173 | $25,434 |
| 2010 | $1,450,732 + $317,086 $1,767,818 | $24,495 |
| 2009 | $1,443,311 + $315,465 $1,758,776 | $24,466 |
| 2009 | $1,439,890 + $314,717 $1,754,607 | $24,466 |
| 2008 | $1,415,011 + $309,280 $1,724,291 | $23,046 |
| 2007 | $1,387,266 + $303,216 $1,690,482 | $22,177 |
$0
CRMLS
Listed 2024-04-16
$14,800,000
CRMLS
Relisted 2024-04-16
$14,000,000
CRMLS
Listing removed 2024-03-26
$0
CRMLS
Listed 2023-12-01
$14,000,000
CRMLS
Listing removed 2023-07-13
$0
ShowMojo
Price Changed for rent 2023-06-22
$2,842
ShowMojo
Listed for rent 2023-06-09
$3,100
ShowMojo
Sold 2021-11-19
$9,250,000
Public Record
Year Built: 1965
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 59
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
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.