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405 411 N Euclid Avenue

Pasadena, CA 91101

– beds
– baths
– sqft
~1/2 acre lot
1950 build
– on site

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).

Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / han.chen@growthinvestmentgroup.com

Last checked: Checking… • Last updated Feb 5, 2025 •

MLS# AR25026646 —

The Building

Year Built:

1950
Year Built Source:

Assessor
New Construction:

No
Building Area Units:

Square Feet
Total Number Of Units:

15
# of Buildings:

5
Architectural Style:

Colonial, Mid Century Modern
Roof:

Asbestos Shingle
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

15
# of Separate Water Meters:

2
# of Separate Electric Meters:

15

Interior

Features:

Ceiling Fan(s), Quartz Counters
Levels:

Two
Entry Location:

1
Flooring:

Carpet, Vinyl, Wood
Number Wall AC:

15
Fireplace:

No
Fireplace:

None
Laundry:

Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Laundry:

1

Location

Directions:

Los Robles ave, go west on Maple St, then go north on Euclid ave, both properties are on the left hand side
Latitude:

34.15298900
Longitude:

-118.14342000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

PSR3
Lot Features:

Landscaped, Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Near Public Transit
Lot Size Area:

23257.0000
Lot Size Acres:

0.5339
Lot Size SqFt:

23257.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood, Wrought Iron
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

5725031014
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4619.01
Tax Lot:

22

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5725031015

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:

Dishwasher, Gas Range, Range Hood, Refrigerator
Included:

Yes

The Community

Neighborhood:

near old town
Features:

Valley
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

15.00
Uncovered Spaces:

15.00

Extra Units

Number With Disposal:

15
Number With Dishwasher:

12
Number With Refrigerator:

15

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
2/5/25 Feb 5, 2025	Listed / Active	CRMLS_CA	$5,995,000

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This multifamily located in Northwest Pasadena, Pasadena, CA 91101 is currently for sale for $5,995,000. 405 411 N Euclid Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 405 411 N Euclid Avenue is in the Northwest Pasadena neighborhood of Pasadena and has a WalkScore® of 82, 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 12:05 on Feb 07.

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.