405-411 N Euclid Ave Pasadena, CA 91101

Property Details for 405-411 N Euclid Ave

Year built

1960

Property type

Investment properties

Property subtype

Residential income homes

Description

INVESTMENT HIGHLIGHTS Excellent location near California Institute of Technology, Pasadena City College, and minutes away from Pasadena Playhouse and Old Town Pasadena Over 5.2% ACTUAL CAP Rate with over 6% Proforma CAP Rate Turnkey and upgraded apartment completed in 2022-2024, perfect for a 1031 exchange buyer, first time apartment buyer, or owner-user Great location with Walk Score 91, Bike Score 86 SUPERB demographics with ±$127,378 average household income within a 1-mile radius Superb amenities nearby: CALTECH, PCC, Pasadena Playhouse, Old Town Pasadena, Vroman Bookstore, Urth Café, and much more Excellent access to 210, 134, and 110 freeways; superb access to downtown Los Angeles via FWY 110 PROPERTY HIGHLIGHTS 2 separate properties with excellent Curb appeals on a Large R3 zoned lot size of 23,257SF 411-417 N Euclid is a single-story mid-century modern apartment 405 N Euclid is a charming 2 story bungalow with American Craftsman building and a 2 brand-new ADU units 12 out of 15 units have been fully upgraded with high end upgrades Excellent amenities: gated parking, secured entrance, electronic RFI unit locks, fully upgraded unit, private patio in some unit Luxury upgrades in each unit complete with in-unit laundry, new kitchen, new bathroom Significant renovations have been completed including exterior and interior upgrades Ample parking with No soft story retrofit required; No balcony – may not require SB721 balcony inspection (buyer to verify) Separately metered for electricity and gas PARTIAL LIST OF UPGRADES (FULLY PERMITTED - Buyer to Verify during due diligence period) Updated rough mechanical, electrical, and plumbing system New drought tolerant landscaping Repaved driveway New building façade and signage New exterior paint throughout NEW HVAC and exhaust system in each unit New electrical subpanel New flooring throughout New high-end windows treatment in each unit New kitchen with modern shaker style cabinet, new kitchen island or breakfast counter with quartz countertops, new stainless-steel appliances (dishwasher, oven range, refrigerator, kitchen vent hood) New laundry machines in each unit New bathroom with new tub, tiled wall bathroom, new bathroom vanity cabinet, new bathroom lighting and hardware, new high-end bathroom tile New lighting fixtures in each room New Keyless entry door lock system

Location Insight

City

Pasadena

County

State

California

Longitude

-118.143

Latitude

34.1404