540 Euclid Ave Pasadena, CA 91101-3261
- Apartment buildings
- 5,030 SF
- 0.22 lot acres
Feb 12, 2025
Current Use by Public Records
- Apartment buildings
Property Details for 540 Euclid Ave
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.22 lot acres
- Property size
- 5,030 SF
- Zone code
- PSR3
- Property type
- Apartment buildings
- APN
- 5722-034-018
- APU
- 5722034018
Description
This exceptional 7-unit apartment building presents a rare investment opportunity in Pasadena's desirable South Lake Avenue area. Boasting a prime location, this property offers a compelling mix of three 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, providing excellent rental income potential. The 5,030 square foot building, constructed in 1960 on a 9,619 square foot lot, features a convenient on-site carport and tuck-under parking. A recent soft-story retrofit has been completed, eliminating future upgrade needs. Individual water heaters and separately metered gas and electricity enhance efficiency. Additional features include an updated laundry room and a pitched roof. While current rents are below market, offering significant upside potential, the property is subject to Pasadena's rent control regulations. This is a walker's paradise with a Walk Score of 92, placing it within easy walking distance of amenities such as the newly opened Erewhon Market. The strong 4.01% cap rate and $100,287 NOI further solidify this property's value. The asking price is $2,500,000. Please respect tenant privacy
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,350,000
- ML approach
- $2,445,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.142
- Latitude
- 34.1365
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
