405 409 N Euclid Ave Pasadena, CA 91101
Playhouse Village NeighborhoodEstimated payment $11,620/month
Highlights
- City Lights View
- Craftsman Architecture
- Wood Flooring
- Blair High School Rated A-
- Property is near public transit
- Lawn
About This Home
Prime 3-units + 2 NEW ADUs near Old Town Pasadena, Very Well Maintained, High 5.55% CAP Rate w/ 6.94% Proforma CAP Rate, 1 unit can be delivered vacant, Large Lot, Excellent Location with Superb Demographics. Growth Investment Group California is proud to offer 405 N Euclid Ave, a very attractive Triplex + 2 brand New ADUs investment property only several blocks north of Old Town Pasadena. The property consists of a charming 2 story bungalow building (3 units) and a garage that was converted into 2 brand new ADUs. It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of one (1) x 3bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025. The front building was built in 1898 and has charming architecture with brand new exterior painting and brand-new landscaping. The ground floor unit has a high ceiling. The 2nd floor 3bedroom will be vacant by end of December 2025, will be upgraded and can be delivered vacant by January 2026. It has a large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. One of the front 3 units has been upgraded with high end upgrades. The exterior upgrades include a new entry gate, new parking gate, new exterior painting, completely redone landscaping, and new windows blinds. It has a shared driveway with 411-417 N Euclid Ave that is also for sale (10 units) and can be purchased together. Parking is provided by 5 open space parking – no parking soft story retrofit is required. The property does not have any balcony, so it does require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!
Listing Agent
Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 08/15/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1898
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- East Facing Home
- Wrought Iron Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Lawn
- Front Yard
Home Design
- Craftsman Architecture
- Apartment
- Entry on the 1st floor
- Raised Foundation
- Slab Foundation
Interior Spaces
- 3,684 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- City Lights Views
Kitchen
- Gas Range
- Dishwasher
- Disposal
Flooring
- Wood
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Property is near public transit
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 5725031014
- $2 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 5 Units
- Valley
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $2,763
- Maintenance Expense $2,000
- Pest Control $480
- Trash Expense $2,100
- Water Sewer Expense $2,400
- New Taxes Expense $20,161
- Operating Expense $32,975
- Gross Income $118,993
- Net Operating Income $84,248
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | Price Changed | $1,850,000 | +5.7% | $502 / Sq Ft |
| 08/15/2025 08/15/25 | For Sale | $1,750,000 | -- | $475 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25185115
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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