Homes for sale - 259 N Euclid AVE, Pasadena, CA 91101

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$6,800,000

Est. payment - /mo

0.27 Acres Lot

Active

259 N Euclid AVE Pasadena, CA 91101

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Julia Pickslay

julia@lahomesbyjulia.com +1(650) 862-2655

UPDATED:

10/17/2024 08:51 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24215656

Construction Status Repairs Cosmetic,Updated/Remodeled

HOA Y/N No

Year Built 1955

Lot Size 0.271 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Zoning PSC-

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Attached Carport, Assigned

Carport Spaces 2

Fence None

Pool None

Community Features Urban, Valley

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Roof Type Asphalt

Accessibility None

Total Parking Spaces 9

Private Pool No

Building

Lot Description Lawn, Level, Near Public Transit, Rectangular Lot, Street Level, Value In Land

Faces East

Story 2

Entry Level Two

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Updated/Remodeled

Others

Senior Community No

Tax ID 5723004016

Energy Description 3000.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Han Chen • Growth Investment Group Pasade • 626-224-2495

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Julia Pickslay

Agent | License ID: 02130149

+1(650) 862-2655