$2,500,000
- Beds
- 10
- sq ft
- 5,030
540 S Euclid Ave, Pasadena, CA 91101
540 S Euclid Ave
Pasadena, CA 91101
- 11 days on market
PRIME PASADENA LOCATION! Don't miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building. Improvements include several units being completely renovated, updated plumbing throughout property, newer dual pane windows, recently replaced roofs, the elevated decking have been inspected and the SOFT-STORY RETROFIT COMPLETED! Other features include 8 on-site parking spaces and tenant storage cabinets, separate water heaters, community laundry room with coin operated machines and all the units are separately metered for gas/electricity. The property is subject to local Pasadena rent control laws, buyer is to verify and familiarize. Don't miss this chance to invest in such a prized location where properties are held for generations and don't trade hands often. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.
Details
Property type
Lot size
9,622 sq ft
Price per sq ft
$498
Year built
1960
HOA
No
Price History
12/02/2024
CLAW #24471435
Listed
$2,500,000
Schools & Community
Neighborhood:
South
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 12/22/2024 at 10:35 PM
Listing updated: 12/11/2024 at 3:50 PM
Listed by: Alexander Metaxas, Realty Investment Advisors, Inc.
MLS: CLAW #24471435
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