Active

259 N Euclid Avenue

Pasadena CA, 91101

$6,800,000


$532.08 per sqft

Active

12,780 sqft

Condos

Built in 1955

Listed by Han Chen with Growth Investment Group Pasade 626-224-2495

An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit 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 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, four (4) junior Studio, and four (4) Bachelor (no kitchen) units.

Approximately 10 out of 23 units have had upgrades. Some units have new double pane windows, and the upgraded units have new wood flooring and updated plumbing. All units have smooth ceiling and excellent layout. Each unit is separately metered for electricity and gas. Parking is in the back of the lot. There is a total of 9 spaces with 8 are assigned to units, and 1 is rented. There is an additional shared laundry room in the basement for the community, and a master water heater.

AR24215656

MLS ID

October 17, 2024

Listed

November 22, 2024

Updated

Map

259 N Euclid Avenue
Pasadena CA, 91101

Interior Features

Total Stories

2


Appliances

Gas Range, Refrigerator


Laundry Description

Common Area


Floor Description

Carpet, Vinyl, Wood


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.27 Acres


Lot Features

Lawn, Level, Near Public Transit, Rectangular Lot, Street Level, Value In Land


Roof

Asphalt


Sewer

Public Sewer

Other Property Details

Area Name

647 - Pasadena (SW)


Garage

No


Parking

Attached Carport, Assigned


Parking Total

9


View

Yes


View Description

City Lights


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

PSC-

Listing Contact: 626-594-4900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 11/22/2024 at 6:02 PM UTC

 

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