259 N Euclid Ave

Pasadena, CA 91101

$6,500,000
Price
1
Bed
23
Baths
12,780 Sq. Ft.
$509 / Sq. Ft.
12,780
Sq. Ft.
$509
per Sq. Ft.
a front view of a house with garden
a outdoor space with lots of fruit and vegetables
a city view
a city view
a front view of a house with a yard and potted plants
a view of a house with a garden
a front view of a house with a yard and trees
a front view of a house with garden
a living room with furniture and a large window
a living room with couch and a large window
a view of a livingroom with furniture and wooden floor
a view of a workspace with furniture and a window
a kitchen with stainless steel appliances a sink stove and refrigerator
a room with a bed and a dresser
a bathroom with a sink a toilet and shower
a bed room with furniture and a large window
a bedroom with furniture and a large window
a open kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
a kitchen with white cabinets and white appliances
a bathroom with a sink toilet and shower
a bedroom with furniture and a wooden floor
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator stove top oven and sink
a kitchen with stainless steel appliances a refrigerator a stove and a sink
a bathroom with a sink a toilet and shower
a living room with furniture and a large window
a view of a dining room with furniture and wooden floor
a kitchen with a sink appliances and cabinets
a kitchen with stainless steel appliances a stove a sink and a refrigerator
a living room with furniture and wooden floor
a bedroom that has a bed and a desk in it
a bathroom with a sink toilet and shower

Description

Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Location, Efficient Unit Mix, High Density Commercial Zoned Lot, Irreplaceable Location with Over 5% Cash-on-Cash Return. a prime 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...Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Location, Efficient Unit Mix, High Density Commercial Zoned Lot, Irreplaceable Location with Over 5% Cash-on-Cash Return. a prime 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 being offered for sale at below replacement costs for such a high-quality location and provides an attractive 5.51% Actual CAP Rate and a Low Price per unit. 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, five (5) junior Studio, and three (3) Bachelor (no kitchen) units. The unit mix is perfect and suitable for the location, as it encourages young professionals and a slightly higher turnover, all for a new owner to recapture the future market rent. The location would provide consistent and high demand for rental units like this. Approximately 11 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 at the back of the lot. There is a total of 9 spaces with 8 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.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • han.chen@growthinvestmentgroup.com
  2. Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01508014 • REMAX COMMERCIAL & INVESTMENT REALTY

Property Details for 259 North Euclid Avenue

View
City Lights
Parking Spaces Total
9
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
23.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
12780
LISTING UPDATED: 09/01/2025 04:59 AM

Property Details for 259 North Euclid Avenue

StatusActive
MLS #AR25196269
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1955
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321; REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831
Add your commute

Building Information for 259 North Euclid Avenue

Building/Complex259 N Euclid AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1955Building Size-

Payment Calculator

$37,371 per month

30 year fixed, 6.28% Interest

Principal and Interest

$32,119

Property Taxes

$5,252

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 259 North Euclid Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $513,801
  • Gross Scheduled Income: $513,801
  • Vacancy Allowance: 10276
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $503,525
  • Net Operating Income: $358,169
  • Garage Income: $1,200
  • Laundry Income: $2,684
  • Other Income Description: Utility Reimbursement
  • Other Income 1: $1,318
  • Gross Multiplier: 12.65
  • Cap Rate: 5.51
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $145,355
  • New Taxes Expense: $72,001
  • Gardener Expense: $3,600
  • Fuel Expense: $2,706
  • Licenses Expense: $1,492
  • Pest Control Expense: $780
  • Electric Expense: $2,326
  • Insurance Expense: $12,178
  • Maintenance Expense: $11,756
  • Professional Management Expense: $15,632
  • Other Expense: $7,218
  • Other Expense Description: Onsite
  • Trash Expense: $3,348
  • Water Sewer Expense: $3,034
  • Total Expenses: $145,355
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 0
  • Tax Census Tract: 4619.02
  • CFD/Mello-Roos Fee: $4,347
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban, Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Refrigerator
  • Equipment: Community, Laundry Area, Refrigerator
  • Interior Features: Copper Plumbing Partial
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Carpet, Vinyl, Wood
  • Flooring: Carpet, Vinyl, Wood
  • Virtual Tour URL Branded: http://growthinvestmentgroup.com/listingdetail.aspx?pid=10461
Exterior Features
  • Window Features: Double Pane Windows
  • Roof: Asphalt
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Pillar/Post/Pier
  • Foundation Details: Pillar/Post/Pier
  • Structures: Value in Land
  • Other Structures: Value in Land
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Miscellaneous: Value in Land
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: Lawn, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Value In Land
  • Direction Faces: East
  • Number Of Units: 23
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 0
  • Carport Spaces: 2
  • Parking Features: Assigned, Attached Carport
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,238
  • Unit Type Total Rent: $17,906
  • Unit Type Pro Forma: 20900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,817
  • Unit Type Total Rent: $12,717
  • Unit Type Pro Forma: 15000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,624
  • Unit Type Total Rent: $8,119
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,214
  • Unit Type Total Rent: $3,642
  • Unit Type Pro Forma: 5100
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 23
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 24
  • Number Of Separate Gas Meters: 24
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 23
  • Number With Refrigerator: 23
  • Number With Disposal: 23
  • Number Wall AC: 23

Property History for 259 North Euclid Avenue

DateEvent & SourcePriceAppreciation
Sep 1, 2025

Listed (Active)

CRMLS #AR25196269

$6,500,000—
Sep 1, 2025

Listed (Active)

CLAW #AR25196269MR

$6,500,000—
Sep 1, 2025

Listed (Active)

SDMLS #AR25196269

$6,500,000—
Apr 18, 2025

Expired

CRMLS #AR24215656

—
Apr 17, 2025

Expired

CLAW #AR24215656MR

$6,800,000—
Apr 17, 2025

Expired

SDMLS #AR24215656

$6,800,000—
Oct 17, 2024

Listed (Active)

CRMLS #AR24215656

$6,800,000—
Oct 17, 2024

Listed (Active)

SDMLS #AR24215656

$6,800,000—
Oct 17, 2024

Listed (Active)

CLAW #AR24215656MR

$6,800,000—
Dec 1, 2020

Sold (Public Record)

Public Record #685495331

$4,800,000

+6.7% / yr

Jan 17, 2012

Sold (Public Record)

Public Record #323050768

$2,695,000—
Aug 6, 2011

Withdrawn / Cancelled

CRMLS #11535587

$2,495,000—
Aug 6, 2011

Withdrawn / Cancelled

CLAW #11-535587

—
Jun 20, 2011

Listed (Active)

CRMLS #11535587

$2,495,000—
Jun 20, 2011

Listed (Active)

CLAW #11-535587

$2,495,000—
Mar 11, 2011

Withdrawn / Cancelled

CRMLS #10476699

$2,295,000—
Mar 11, 2011

Withdrawn / Cancelled

CLAW #10-476699

—
Sep 4, 2010

Listed (Active)

CRMLS #10476699

$2,295,000—
Sep 4, 2010

Listed (Active)

CLAW #10-476699

$2,295,000—
DateEvent & SourcePrice
09/01/2025

Listed (Active)

CRMLS #AR25196269

$6,500,000
09/01/2025

Listed (Active)

CLAW #AR25196269MR

$6,500,000
09/01/2025

Listed (Active)

SDMLS #AR25196269

$6,500,000
04/18/2025

Expired

CRMLS #AR24215656

—
04/17/2025

Expired

CLAW #AR24215656MR

$6,800,000
04/17/2025

Expired

SDMLS #AR24215656

$6,800,000
10/17/2024

Listed (Active)

CRMLS #AR24215656

$6,800,000
10/17/2024

Listed (Active)

SDMLS #AR24215656

$6,800,000
10/17/2024

Listed (Active)

CLAW #AR24215656MR

$6,800,000
12/01/2020

Sold (Public Record)

Public Record #685495331

$4,800,000

+6.7% / yr

01/17/2012

Sold (Public Record)

Public Record #323050768

$2,695,000
08/06/2011

Withdrawn / Cancelled

CRMLS #11535587

$2,495,000
08/06/2011

Withdrawn / Cancelled

CLAW #11-535587

—
06/20/2011

Listed (Active)

CRMLS #11535587

$2,495,000
06/20/2011

Listed (Active)

CLAW #11-535587

$2,495,000
03/11/2011

Withdrawn / Cancelled

CRMLS #10476699

$2,295,000
03/11/2011

Withdrawn / Cancelled

CLAW #10-476699

—
09/04/2010

Listed (Active)

CRMLS #10476699

$2,295,000
09/04/2010

Listed (Active)

CLAW #10-476699

$2,295,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 259 North Euclid Avenue

Taxable ValueLand$3,636,971Additions$1,570,201Total$5,207,172
Tax Record2025$63,028 ($5,252 / month)
Home Facts
Total Finished SqFt12,780 SqFtAbove Grade Finished SqFt12,780 SqFtLot Size11,811 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningPSC-CountyLOS ANGELESAPN5723-004-016

Schools near 259 North Euclid Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Odyssey Charter School - South
Charter - K to 8
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 259 North Euclid Avenue, Pasadena, CA 91101

259 North Euclid Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on September 1, 2025 by Growth Investment Group Pasade, it's currently listed at $6,500,000. It has been on the market for a total of 113 days and was last sold on December 1, 2020. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 259 North Euclid Avenue is a 1-bed, 23-bath, 12,780 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321; REMAX COMMERCIAL & INVESTMENT REALTY, Robert Renshaw, DRE #01332831

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.