435 North Euclid Avenue

435 North Euclid Avenue

Pasadena, CA 91101

$14,800,000
Price
5
Beds
46
Baths
25,347 Sq. Ft.
$584 / Sq. Ft.
25,347
Sq. Ft.
$584
per Sq. Ft.
a front view of a house
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a view of a house with backyard and sitting area
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a view of a house with backyard and sitting area
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Description

We are proud to exclusively present a multifamily opportunity located at 435 N Euclid Avenue in the City of Pasadena! 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse...We are proud to exclusively present a multifamily opportunity located at 435 N Euclid Avenue in the City of Pasadena! 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse Auditorium and several museums, galleries, and popular eateries. 435 N Euclid Avenue is a rare, 2-story, 37-unit property originally built in 1965 with renovations recently completed in 2023 and ADUs currently under construction in 2024. The property is situated on a single parcel of land for a total of ±23,268 square feet and a total building size of ±25,347 square feet. The property features an excellent unit mix of one-bed/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom units averaging 685 square feet per unit. The property features renovated exteriors with covered parking, additional storage space, secure gated entry, courtyard with string lights, outdoor seating area and lush, mature landscaping. Units are renovated with stainless steel appliances, gas oven/stove combination with stylish range hoods, recessed lighting, wall air conditioning and heating, laminate wood look vinyl plank flooring, washers and dryers, granite countertops and new modern window cellular shades. The city of Pasadena is ideally located within Southern California Offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto.com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios, and more. 435 N Euclid Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
  2. Listed by Joyce Goldstein • DRE #01903737 • Brokerage DRE #00409987 • CB Richard Ellis L.A. North Universal City

Property Details for 435 North Euclid Avenue

Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
37.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
25347
Assessor Parcel Number
5725-031-017

Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184; CB Richard Ellis L.A. North Universal City, Joyce Goldstein, DRE #01903737
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LISTING UPDATED: 04/16/2024 10:28 AM

Property Details for 435 North Euclid Avenue

StatusActive
MLS #CV24074862
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
CountyLos Angeles County

Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184; CB Richard Ellis L.A. North Universal City, Joyce Goldstein, DRE #01903737
Add your commute

Building Information for 435 North Euclid Avenue

Building/Complex435 N Euclid AveFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-

Payment Calculator

$80,770 per month

30 year fixed, 7.25% Interest

Principal and Interest

$80,770

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 435 North Euclid Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,084,826
  • Gross Scheduled Income: $1,084,826
  • Vacancy Allowance: 32545
  • Gross Operating Income: $1,052,281
  • Net Operating Income: $765,286
  • Gross Multiplier: 16.13
  • Cap Rate: 4.18
Expense Details
  • Operating Expense: $286,995
  • New Taxes Expense: $170,230
  • Gardener Expense: $2,760
  • Insurance Expense: $14,236
  • Maintenance Expense: $18,500
  • Professional Management Expense: $42,830
  • Other Expense: $7,400
  • Other Expense Description: Reserves
  • Trash Expense: $8,223
  • Water Sewer Expense: $22,817
  • Total Expenses: $286,995
Tax / Assessment Info
  • Tax Tract Number: 461901
  • Tax Census Tract: 4619.01
  • CFD/Mello-Roos Fee: $6,203
  • Tax Lot: 25
Community / Development
Community / Development
  • Community Features: Curbs, Mountainous, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 37
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 26
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,369
  • Unit Type Total Rent: $61,594
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,975
  • Unit Type Total Rent: $5,950
  • Unit Type Pro Forma: 2950
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,536
  • Unit Type Total Rent: $272,652
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 29
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 37
  • Number Of Separate Gas Meters: 37
  • Number Of Separate Water Meters: 1

Property History for 435 North Euclid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 435 North Euclid Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 5
Octavia E. Butler Magnet School
Public - 6 to 8
John Muir High School
Public - 9 to 12
Rose City High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 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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More information about 435 North Euclid Avenue, Pasadena, CA 91101

435 North Euclid Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on April 15, 2024 by CB RICHARD ELLIS, it's currently listed at $14,800,000. This listing's school district is Pasadena Unified School District. Nearby schools include Madison Elementary School, Octavia E. Butler Magnet School and John Muir High School. 435 North Euclid Avenue is a 5-bed, 46-bath, 25,347 sqft multi-family home built in 1965.

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 CB RICHARD ELLIS, ERIC CHEN, DRE #01489184; CB Richard Ellis L.A. North Universal City, Joyce Goldstein, DRE #01903737

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.