540 Euclid Ave - Apartments FOR SALE


Pasadena, CA 91101
$2,500,000 USD
626-313-4901
540 Euclid Ave, Pasadena, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/18
null | 4.01% Cap Rate

540 Euclid Ave
Pasadena, CA 91101


HIGHLIGHTS

  • Prime Location - WALKER'S PARADISE
  • SEVERAL RENOVATED UNITS
  • UPDATED PLUMBING, UPDATED WINDOWS, NEWER ROOFS
  • SOFT-STORY RETROFIT COMPLETED
  • On-Site Parking and Laundry Room

OVERVIEW

PRIME PASADENA LOCATION! Don’t miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building. Improvements include several units being completely renovated, updated plumbing throughout property, newer dual pane windows, recently replaced roofs, the elevated decking have been inspected and the SOFT-STORY RETROFIT COMPLETED! Other features include 8 on-site parking spaces and tenant storage cabinets, separate water heaters, community laundry room with coin operated machines and all the units are separately metered for gas/electricity. The property is subject to local Pasadena rent control laws, buyer is to verify and familiarize. Don't miss this chance to invest in such a prized location where properties are held for generations and don’t trade hands often. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

7

PRICE/UNIT

$357,143

CAP RATE

4.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LAR2

APN/PARCEL ID

5186-003-003

ASK ABOUT THIS PROPERTY

Alexander MetaxasRealty Investment AdvisorsMore Info
626-313-4901

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Alexander MetaxasRealty Investment AdvisorsMore Info
626-313-4901

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