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$6,800,000

Beds
Unknown
sq ft
12,780

259 N Euclid Ave, Pasadena, CA 91101

259 N Euclid Ave

Pasadena, CA 91101

  • 37 days on market
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.

Details

Property type

Apartment

Property condition

Updated/Remodeled

Lot size

0.2711 acres

Price per sq ft

$533

Year built

1955

Price History

10/17/2024
CRMLS

CRMLS #AR24215656

Listed
$6,800,000

Schools & Community

Neighborhood: 

West Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 4:35 PM

Listing updated: 10/17/2024 at 1:55 PM

Listed by: Han Chen, Growth Investment Group Pasade Phone #: (626) 594-4900

MLS: CRMLS #AR24215656

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