Active
259 N Euclid AVE
PASADENA CA, 91101
$6,800,000
$532.08 per sqft
Active
1 Bed
4 Baths
12,780 sqft
Multi-family
Built in 1955
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.
AR24215656MR
MLSⓇ ID
October 17, 2024
Listed
December 13, 2024
Updated
Map
259 N Euclid AVE
PASADENA CA, 91101
Interior Features
Total Stories
2
Bedrooms
1
Total Bathrooms
4
Appliances
Community, Laundry Area, Refrigerator
Laundry Description
Community, Laundry Area
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.27 Acres
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Area Name
Pasadena SW
Garage
No
Parking
Assigned
Parking Total
9
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
PSC-
Listed by Han Chen with Growth Investment Group Pasade
Listing Contact: 626-224-2495
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Data last updated 12/13/2024