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259 N Euclid Avenue

Pasadena, CA 91101

– beds
– baths
– sqft
11,811 sqft lot
1955 build
– on site

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.

Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / 626-224-2495

Last checked: Checking… • Last updated Oct 19, 2024 •

MLS# AR24215656 —

The Building

Year Built:

1955
Year Built Source:

Assessor
New Construction:

No
Roof:

Asphalt
Entry Level:

1
Foundation:

Pillar/Post/Pier
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
Building Area Total:

12780.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

23
Stories Total:

2
# of Separate Gas Meters:

24
# of Separate Water Meters:

1
# of Separate Electric Meters:

24

Interior

Features:

Copper Plumbing Partial
Levels:

Two
Entry Location:

1
Window Features:

Double Pane Windows
Flooring:

Carpet, Vinyl, Wood
Number Wall AC:

23
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Community
Laundry:

1

Financial & Terms

Disclosures:

Rent Control

Location

Directions:

FWY 210 exit Fair Oaks Ave - go south and then left on Walnut St and left on Euclid Ave.
Latitude:

34.15036000
Longitude:

-118.14339600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Repairs Cosmetic, Updated/Remodeled
Zoning:

PSC-
Lot Features:

Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Value In Land
Lot Size Area:

11811.0000
Lot Size Acres:

0.2711
Lot Size SqFt:

11811.00
Lot Size Source:

Assessor
View:

1
View:

City Lights
Fencing:

None
Fence:

No
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

C
Tax Census Tract:

4619.02
Tax Lot:

2

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

5723004016

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

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

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Neighborhood:

Civic Center
Features:

Urban, Valley
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned, Attached Carport
Parking Spaces:

9.00
Uncovered Spaces:

7.00
Carport Spaces:

2.00

Extra Units

Number With Disposal:

23
Number With Refrigerator:

23

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/17/24 Oct 17, 2024	Listed / Active	CRMLS_CA	$6,800,000

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This multifamily located in Downtown Pasadena, Pasadena, CA 91101 is currently for sale for $6,800,000. 259 N Euclid Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 38 days. 259 N Euclid Avenue is in the Downtown Pasadena neighborhood of Pasadena and has a WalkScore® of 88, making it very walkable.

Listing Courtesy of: CRMLS_CA and Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of 06:35 on Nov 24.

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, 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.