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Listed by Handoko Chen • Growth Investment Group Pasade
$4,150,000
Est. payment /mo
4,774 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,774 sqft
Price per Sqft $869
MLS Listing ID CRAR25186697
HOA Y/N No
Year Built 1950
Lot Size 0.267 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Highly Desirable Single Story 10-units near Old Town Pasadena, Very Attractive Return w/ 5.25% Current CAP Rate, Excellent Location, Large lot size, Secured Entrance with Private Patio, Almost All Units are Fully Upgraded. 411-417 N Euclid Ave, a very attractive 10-unit Single-story apartment investment, only several blocks north of Old Town Pasadena. This offering provides a very attractive going-in ACTUAL CAP Rate of 5.25% providing consistent and stable cash flow for a savvy investor. The property is a 10-unit single story modern style apartment, and offers strategic location near the Old Town Pasadena, and Rose Bowl area. It 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 because it has a vaulted ceiling layout with most units having their own 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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace, Other
Cooling Other
Flooring Vinyl, Wood
Fireplace No
Appliance Dryer
Laundry Dryer, Washer, Other
Building
Lot Description Level, Other
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