NOT LISTED FOR SALE

233 S Euclid Ave Pasadena, CA 91101

Old Town Pasadena Neighborhood

Estimated Value: $16,293,940

1.3 Acres
$12,544,434 Price per Acre
56,580 Sq Ft Lot

Sale Details

Date Sold: October 16, 2018

Last sale price $12,500,000

Est. 30% increase in value since last sale

Current estimated payment $101,567 / mo

146 Days on Market

About This Lot

As of October 2018

We are pleased to present a 1.3 acre site located in Prime Pasadena. The offering is currently an 18 unit office buildingwith 95% of the leases on a 1 year basis set to expire in 2019. Gross income generated as an office building year-to-date 2017 equatesto $630,660 which allows a developer to finance a portion of the project (please see attached rent roll). This lot is one of the last sitesof its size this far south of the 210 freeway. Zoned RM-48 HL-40(45), this site allows a developer to build up to 62 units by right andup to 84 units with a density bonus (buyer to verify with the City of Pasadena).233 S Euclid is ideally located in the high demand submarket of Pasadena, California which boasts high-end demographics ($107,000median household income w/in a 3-mile radius), dense immediate population (6,100 people / sq. mile), high barriers to entry andstrong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth pote

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 05/22/2018

Last Buyer's Agent

Jeff Myers

OC Realty Svcs Inc License #01365412

Property Details

Property Type

  • Land

Lot Details

  • 1.3 Acre Lot
  • Property is zoned RM-48 HL-40(45)

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5722-024-117

Property Details

Property Type

Land

Lot Details

1.3 Acres

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Dimensions: A1.3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5722-024-117
  • Geocode Override: No
  • Lot Size Area: 56580

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Oct 3, 2018
Sold by
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Jeff Myers
OC Realty Svcs Inc
List Price
$15,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,500,000
-16.67%
Current Estimated Value
$16,293,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,793,940
Avg. Annual Appreciation
3.32%
Original Mortgage
$9,000,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Listed on
May 22, 2018
Closed on
Sep 6, 2018
Sold by
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Jeff Myers
OC Realty Svcs Inc
List Price
$15,000,000
Sold Price
$12,500,000
Premium/Discount to List
-$2,500,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000,000
Interest Rate
0.045%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 2012
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,387,500
Interest Rate
0.0565%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,575,000
Interest Rate
0.0602%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 1994
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title Comp
$12,500,000 None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$9,251,500 Fidelity National Title Co
$6,750,000 Fidelity National Title Comp
-- Chicago Title Co
$1,850,000 Chicago Title Company
$1,675,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $9,000,000
Closed $4,500,000
Closed $4,387,500
Closed $3,575,000
Closed $1,500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/16/2018 10/16/18 Sold $12,500,000 -16.7% --
05/22/2018 05/22/18 For Sale $15,000,000 -- --
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $162,712 $13,943,983 $13,386,227 $557,756
2024 $155,608 $13,670,572 $13,123,752 $546,820
2023 $154,326 $13,402,523 $12,866,424 $536,099
2022 $148,964 $13,139,730 $12,614,142 $525,588
2021 $142,881 $12,882,089 $12,366,806 $515,283
2019 $137,478 $12,500,000 $12,000,000 $500,000
2018 $103,778 $8,940,000 $6,783,400 $2,156,600
2016 $95,782 $8,160,000 $6,191,600 $1,968,400
2015 $87,566 $7,400,000 $5,100,000 $2,300,000
2014 -- $6,250,247 $4,098,523 $2,151,724
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2018

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    103 Total Sales

    Filip Niculete
    Section Image

  • J

    Buyer's Agent in 2018

    Jeff Myers

    OC Realty Svcs Inc

    (949) 887-3143

    4 Total Sales

    Jeff Myers
    Section Image
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Map

Source: The MLS

MLS Number: 18-346694

The MLS

APN: 5722-024-117

California Los Angeles County Pasadena 91101 Old Town Pasadena

233 S Euclid Ave, Pasadena, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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