411 417 N Euclid Ave Pasadena, CA 91101
Playhouse Village NeighborhoodEstimated payment $25,826/month
Highlights
- Property is near a park
- Wood Flooring
- No HOA
- Blair High School Rated A-
- Lawn
- Ductless Heating Or Cooling System
About This Home
Highly Desirable Single Story 10-units near Old Town Pasadena, Very Attractive Return w/ 5.25% Current CAP Rate, Excellent Location, Large lot size, Secured Entrance with Private Patio, Almost All Units are Fully Upgraded. 411-417 N Euclid Ave, a very attractive 10-unit Single-story apartment investment, only several blocks north of Old Town Pasadena. This offering provides a very attractive going-in ACTUAL CAP Rate of 5.25% providing consistent and stable cash flow for a savvy investor. The property is a 10-unit single story modern style apartment, and offers strategic location near the Old Town Pasadena, and Rose Bowl area.
It was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. The property has been completely renovated with permits (9 out of 10 units are fully upgraded), and offers an efficient mix of nine 1bedrooms, and one studio unit. Each unit is unique because it has a vaulted ceiling layout with most units having their own private patio.
All the upgraded units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring in bathroom, new windows throughout, in-unit combo washer/dryer, state of the art mini-split HVAC systems, new kitchen with quartz kitchen countertop and new kitchen cabinets and stainless-steel kitchen appliances (gas range, dishwasher, and refrigerator), and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures.
The property has a shared driveway with 405 N Euclid (5-unit next door – also for sale). Parking is provided by 10 open space parking (some are tandem) – no parking soft story retrofit is required. The property does not have any balcony, so it does not require any SB721 inspection. The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!
The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena’s historic City Hall, it sits just minutes from the California Institute of Technology, PCC, etc.
Listing Agent
Growth Investment Group Pasade Brokerage Email: han.chen@growthinvestmentgroup.com License #01749321 Listed on: 08/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $47,950
Year Built
- Built in 1950 | Remodeled
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- East Facing Home
- Landscaped
- Rectangular Lot
- Level Lot
- Lawn
Home Design
- Apartment
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 4,774 Sq Ft Home
- 1-Story Property
Kitchen
- Gas Range
- Range Hood
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Property is near a park
- Property is near public transit
- Suburban Location
Utilities
- Ductless Heating Or Cooling System
- SEER Rated 16+ Air Conditioning Units
- Wall Furnace
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 22
- Assessor Parcel Number 5725031015
- $2,793 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 10 Units
- Valley
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $3,581
- Maintenance Expense $4,000
- Trash Expense $3,000
- Water Sewer Expense $3,000
- New Taxes Expense $45,226
- Operating Expense $64,858
- Gross Income $289,039
- Net Operating Income $218,400
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $4,150,000 | -- | $869 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR25186697
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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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