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405 411 N Euclid Avenue Pasadena, CA 91101
$5,995,000 0 beds, 0 baths
0 sqft
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Agent Remarks

405 and 411 N Euclid Ave (2 properties), a very attractive 15-unit semi value-add investment property only several blocks north of Old Town Pasadena. These 2 properties offering provides a very attractive going-in ACTUAL CAP Rate of 5.2% and Proforma CAP Rate of over 6%. The properties consist of 411-417 N Euclid Ave which is a 10-unit single story mid-century modern style apartment, and 405 N Euclid Ave, a 5-unit (2 are brand new ADUs) 2-story craftsman style apartment. The property offers strategic location near the Old Town Pasadena, and Rose Bowl area. 411-417 N Euclid is a single story 10 units apartment. The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique to its vaulted ceiling layout with most units having its private patio. All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. 411-417 N Euclid units are unique due to its high ceiling and many charming characters such as higher ceiling and large kitchen. 405 N Euclid consists of a charming 2 story bungalow building (3 units) and a brand-new back building that consist of 2 new ADUs (COO in February 2025). It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of two (2) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025 (COO scheduled around February 2025) and may be exempt from any rent control ordinance (buyer to verify). 405 N Euclid ground floor unit has a high ceiling. Both properties have a shared driveway that’s located on 405 N Euclid side. Parking is provided by 15-16 open space parking (some are tandem).

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# AR25026646
List price is $5,995,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1950
2 stories
0.53 acres
Lot size: 0.5339
County: Los Angeles
Property style: Colonial,Mid-Century Modern
Zoning: PSR3
Interior features: Ceiling Fan(s),Quartz Counters
Appliances: Dishwasher,Gas Range,Refrigerator,Range Hood,Dryer,Washer
Parking description: Assigned
Lot description: Landscaped,Near Public Transit,Rectangular Lot,Street Level
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 645 - Pasadena (NW)

Last Updated: 2/5/2025

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This listing belongs to the 645 - Pasadena (NW) MLS area

The style of this listing is Colonial,Mid-Century Modern.
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Lat/Long: 34.152989, -118.143420.
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Listing Agent: Han Chen
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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