435 N Euclid, Pasadena, CA 91101
435 N Euclid, Pasadena, CA 91101
435 N Euclid, Pasadena, CA 91101
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$13,500,000
Est. payment /mo
0.54 Acres Lot
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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26218872

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Annual Tax Amount $147,116

Lot Size 0.537 Acres

Property Sub-Type Apartment

Property Description

37 Units TURNKEY Next to Old Pasadena | 6.00% Cap (Self-Managed) | Ideal 1031 Exchange with 100% Upgraded Interiors & Exteriors, and 7 New ADUs | Fully Sprinklered + Brand New Electrical Panels & Subpanels, and more.

435 N Euclid Ave, an exceptional 37-unit turnkey apartment community located just blocks from historic Old Pasadena. Offering an attractive going Cap Rate of 6.00% (under a self-managed scenario) alongside future rental upside, this asset is the premier acquisition for investors seeking immediate stability and zero deferred maintenance. The comprehensive 2022–2026 renovation introduced 7 brand-new ADUs to the site, bringing the property to an impressive ±25,536 square feet of building space on a large 23,268 square-foot R3-zoned lot. Surrounded by stellar demographics featuring over $126,000 in average household income within a one-mile radius, this asset commands premium rents in one of Southern California's strongest submarkets, and offers easy access to all amenities City of Pasadena has to offer.

Originally built in 1965, the two-story Mid-Century Modern building has been meticulously modernized while retaining its distinctive architectural charm and welcoming center courtyard. The highly desirable unit mix consists of nine (9) 2-bedroom/2-bathroom, two (2) 2-bedroom/1-bathroom, twenty-five (25) 1-bedroom/1-bathroom, and one (1) studio unit. Floor plans are exceptionally bright and spacious, featuring large windows and private balconies in most units. Every single interior has been gutted and upgraded to luxury standards, boasting new quartz kitchens with dishwashers, designer bathrooms, vinyl plank flooring, in-unit laundry, and individual mini-split HVAC systems in every room.
Operationally, the building's heavy lifting is completely finished. The property features fully sprinklered units, upgraded electrical panels and subpanels, and separate meters for electricity and gas. Access is tightly controlled via a secured entrance, electronic RFI unit locks, and a gated parking lot providing 38 total spaces.
The building is serviced by master water heaters, has ADA ramp, and has a total of 38 parking spaces (11 are tandem on the side).

Situated on a quiet, mature, tree-lined street, tenants are minutes from the Metro Gold Line and the world-class shopping and dining corridors of Colorado Boulevard and Lake Avenue. Near Pasadena's historic City Hall, it sits just minutes from the California Institute of Technology, PCC, and FWYS.

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Interior

Interior Features Balcony, Partially Furnished, Stone Counters, Recessed Lighting, Storage, Unfurnished, Wired for Data

Heating Wall Furnace

Cooling Whole House Fan

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Dryer, Washer

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned, Covered, Tandem

Carport Spaces 38

Fence Wrought Iron

Pool None

Community Features Suburban, Valley

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

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Flat

Total Parking Spaces 38

Private Pool No

Building

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

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5725031017

Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Resident Manager,Smoke Detector(s)

Energy Description 8332.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com, DRE #01749321

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