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    Luxury Condo with Mountain Views Title is generated by Realmo AI

    178 S Euclid Avenue #402, Pasadena, CA 91101

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    For Sale
    $1,150,000

    Top-floor condo in Pasadena with mountain views and modern design.

    Type:Condominium
    Property size:
    1,127 SF
    Price / SF:
    $1,020/SF
    Added:
    Apr 24, 2025
    Days on Market:
    404
    Last Refresh:
    May 19 at 8:35 pm

    Property Features for 178 S Euclid Avenue #402

    General Information

    Standard status
    Active
    Size
    1,127 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2022

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    Listing Contact
    (626) 510-6573

    Listing agent (626) 510-6573

    Listing office

    Listing date Apr 24, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of (626) 510-6573

    HighLights

    • Top‑floor luxury condo with STUNNING San Gabriel Mountain views from both bedrooms.
    • Prime location in the heart of Pasadena, steps from iconic landmarks, dining, and entertainment.
    • Easy access to Downtown LA and beyond via the nearby Metro Gold Line.
    • Modern, open‑concept design with high ceilings, chic finishes, and a private patio.
    • Includes two assigned parking spaces and two storage spaces in a secure underground garage.
    • Built in 2022, and conveniently located near Kaiser Medical School, CalTech, Huntington Hospital, and Pasadena City College.

    Overview

    Located in Pasadena, this top-floor condo at 178 South Euclid Avenue offers views of the San Gabriel Mountains. The residence features a contemporary design with high ceilings, dark metal finishes, and light oak flooring. The open-concept kitchen includes Samsung appliances and a sleek island, opening to a private patio. The unit has two bedrooms with mountain views, built-in closets, in-unit laundry, and luxurious finishes. The property includes two assigned parking spaces and two storage spaces in a secure underground garage. The building provides a shared lounge/work area and overlooks a landscaped courtyard. It is located near the Pasadena Convention Center, Civic Auditorium, Equinox Gym, Norton Simon Museum, and Old Pasadena. The Metro Gold Line provides access to Downtown LA. The property is near Kaiser Medical School, CalTech, Huntington Hospital, and Pasadena City College. The Rose Bowl Stadium and hiking trails of the Arroyo Seco are also nearby. The property is staged.
    Property Profile Location Intelligence

    Current Use by Public Records

    Photos By Silvie Photography Service HeadHoncho Recordz Recording Studio

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1424934
    Latitude
    34.1426601

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    FAQs

    What type of property is this?
    Apartment building - Top-floor condo in Pasadena with mountain views and modern design.
    Where is this apartment building located?
    The property is located at 178 S Euclid Avenue #402 Pasadena, CA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Top‑floor luxury condo with STUNNING San Gabriel Mountain views from both bedrooms.; Prime location in the heart of Pasadena, steps from iconic landmarks, dining, and entertainment.; Easy access to Downtown LA and beyond via the nearby Metro Gold Line.
    (626) 510-6573
    We can help!
    Listing Contact
    (626) 510-6573
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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