444 N Euclid Ave - Apartments FOR SALE


Pasadena, CA 91101
$6,500,000 USD
909-418-2071
444 N Euclid Ave, Pasadena, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/36
null | 4.47% Cap Rate

444 N Euclid Ave
Pasadena, CA 91101


HIGHLIGHTS

  • Prime Location in the City of Pasadena
  • Extremely Attractive Assumable Financing Available – 2.95% Interest Only through November 2030
  • Historically High Occupancy
  • Immaculate Property Condition
  • ±17,012 Building SF on ±21,172 SF of Land
  • Unit Mix Features One and Two-Bedroom Floor Plans | Average Unit Size of ±740 SF

OVERVIEW

CBRE is pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. Moreover, the York House Apartments’ close proximity to the thriving Old Town Pasadena and Pasadena Playhouse districts offers a wealth of amenities and attractions, drawing a highly desirable demographic. With its ideal location, strong tenant demand, and growth potential, this property represents a compelling investment opportunity. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of ±21,172 square feet and a total building size of ±17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside— an estimated 27% growth to achieve market rents—underscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

23

PRICE/UNIT

$282,609

CAP RATE

4.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

York House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,172 SF

ZONING

RM32

APN/PARCEL ID

5725-033-015

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.