420 South Euclid Avenue

Pasadena, CA 91101

$5,200,000
Price
6
Beds
13
Baths
10,442 Sq. Ft.
$498 / Sq. Ft.
10,442
Sq. Ft.
$498
per Sq. Ft.

Description

420 and 434 S Euclid Ave, two Madison Heights area multifamily investment opportunities only 2 blocks south of OLD TOWN PASADENA! The seller’s family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years)! These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield...420 and 434 S Euclid Ave, two Madison Heights area multifamily investment opportunities only 2 blocks south of OLD TOWN PASADENA! The seller’s family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years)! These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield Junior School, a well-known and highly rated private Catholic school. The street is a mature and quiet residential area with superb access to Old Town Pasadena amenities.

420 S Euclid is a very attractive single-story bungalow style apartment that was built in 1921 (by seller’s family). It consists of seven (7) individual houses/bungalows (no shared wall between unit) on a large ±19,492sf R3zoned lot. It has a total of ±6,133 SF building size with very well-maintained center courtyard. It offers an excellent unit mix with three (3) x large 2bedroom+1bathroom bungalows, and four (4) x 1bedroom+1bathroom bungalows. Recent capital improvements were updated electrical, mostly copper plumbing, ±6-year-old roof, exterior repainting in 2012, etc. (Buyer to verify). Each unit is spacious and large with an excellent layout, large dining room that could double a den or extra room (with built-in cabinets), breakfast nook, original hardwood flooring, charm, and character. Each unit has an individual water heater and separately metered for electricity and gas. There is a shared laundry room in the parking area (laundry room’s gas is using one of the unit’s gas meter). Parking for 420 S Euclid is provided by 5 garages, 1 carport, and 1 open space. There is a large common area backyard on the side of the laundry room/behind 1 of the bungalows. EUCLID COURT - 434 S Euclid is a charming and attractive 6-unit apartment next to 420 S Euclid. It consists of a fourplex in the front and duplex in the back. It was originally a 2-unit that was built in 1913, the four additional units (2 in the front, and 2 in the back) were built in 1950s. It offers a good unit mix of two (2) x 2bed+1bath, and four (4) x 1bed+1bath units. It has a total of ±4,309sf building size and is situated on a large ±9,750sf R3 lot size.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade

Property Details for 420 South Euclid Avenue

Architectural Style
Bungalow, Craftsman
View
None
Parking Spaces Total
13
Private Pool
No
Cooling Type
Wall/Window
Total Units
13.0
Building Type
Attached
Lot Size Source
Assessor

Open Houses

Friday, Jul 19th

10:00 AM - 12:30 PM

PublicView Details

Friday, Jul 26th

10:00 AM - 12:30 PM

PublicView Details

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute
LISTING UPDATED: 07/12/2024 05:53 AM

Property Details for 420 South Euclid Avenue

StatusActive
MLS #AR24093360
Days on Market64
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321
Add your commute

Building Information for 420 South Euclid Avenue

Building/Complex420 S Euclid AveFloor-Stories2Residences-Pet Policy-Year Built1921Building Size-

Payment Calculator

$28,726 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,379

Property Taxes

$347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 420 South Euclid Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $309,550
  • Gross Scheduled Income: $309,550
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $303,359
  • Net Operating Income: $203,212
  • Current Financing: None
Expense Details
  • Operating Expense: $100,147
  • Operating Expense Percent: 33.00%
  • New Taxes Expense: $58,709
  • Gardener Expense: $7,116
  • Fuel Expense: $800
  • Electric Expense: $0
  • Insurance Expense: $8,158
  • Maintenance Expense: $7,800
  • Professional Management Expense: $0
  • Trash Expense: $6,000
  • Water Sewer Expense: $7,304
  • Total Expenses: $100,147
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 4636.02
  • CFD/Mello-Roos Fee: $2,093
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Range Hood, Refrigerator, Water Heater
  • Equipment: Laundry Area, Refrigerator
Exterior Features
  • Roof: Asbestos Shingle
  • Entry Location: 1
  • Fence: No
  • Fence: None
  • Fencing: None
  • Property Condition: Updated/Remodeled
  • Miscellaneous: Value in Land
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 31-35 Units/Acre, Landscaped, Lawn, Level with Street, Lot 20000-39999 Sqft, Park Nearby, Value In Land
  • Direction Faces: West
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • 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: 5
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 5
  • Carport Spaces: 6
  • Parking Features: Assigned, Detached Carport, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,185
  • Unit Type Total Rent: $6,556
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,908
  • Unit Type Total Rent: $7,632
  • Unit Type Pro Forma: 10400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,091
  • Unit Type Total Rent: $4,182
  • Unit Type Pro Forma: 5200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,794
  • Unit Type Total Rent: $7,176
  • Unit Type Pro Forma: 9200
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 13
  • Rent Controlled: Yes
  • Number Of Buildings: 8
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 0
  • Number With Range: 13
  • Number With Refrigerator: 13
  • Number With Disposal: 13
  • Number Wall AC: 13

Property History for 420 South Euclid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 420 South Euclid Avenue

Taxable ValueLand$101,297Additions$86,230Total$187,527
Tax Record2023$4,170 ($347 / month)
Home Facts
Total Finished SqFt6,133 SqFtAbove Grade Finished SqFt6,133 SqFtLot Size19,492 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningPSR3CountyLOS ANGELESAPN5722-034-007

Schools near 420 South Euclid Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 12
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Marshall Fundamental School
Public6 to 12

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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420 South Euclid Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on May 13, 2024 by Growth Investment Group Pasade, it's currently listed at $5,200,000. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 420 South Euclid Avenue is a 6-bed, 13-bath, 10,442 sqft multi-family home built in 1921.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

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.