259 North Euclid Avenue
$6,800,000
1
23
12,780
12,780
$532
Description
An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides...An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, four (4) junior Studio, and four (4) Bachelor (no kitchen) units. Approximately 10 out of 23 units have had upgrades. Some units have new double pane windows, and the upgraded units have new wood flooring and updated plumbing. All units have smooth ceiling and excellent layout. Each unit is separately metered for electricity and gas. Parking is in the back of the lot. There is a total of 9 spaces with 8 are assigned to units, and 1 is rented. There is an additional shared laundry room in the basement for the community, and a master water heater.
- Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495
- Listed by Robert Renshaw • DRE #01332831 • Brokerage DRE #01508014 • REMAX COMMERCIAL & INVESTMENT REALTY
Property Details for 259 North Euclid Avenue
View
City Lights
Parking Spaces Total9
Private PoolNo
Cooling TypeWall/Window
Total Units23.0
Building TypeAttached
Lot Size SourceAssessor
Living Area12780
LISTING UPDATED: 12/12/2024 03:41 AM
Property Details for 259 North Euclid Avenue
Status | Active |
---|---|
MLS # | AR24215656 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
County | Los Angeles County |
Building Information for 259 North Euclid Avenue
Building/Complex259 N Euclid AveFloor-Stories2Residences-Pet Policy-Year Built1955Building Size-
Property Information for 259 North Euclid Avenue
Property History for 259 North Euclid Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 259 North Euclid Avenue
Taxable ValueLand$3,565,658Additions$1,539,639Total$5,105,297
Tax Record2024$60,282 ($5,023 / month)
Home Facts
Total Finished SqFt12,780 SqFtAbove Grade Finished SqFt12,780 SqFtLot Size11,811 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningPSC-CountyLOS ANGELESAPN5723-004-016
Schools near 259 North Euclid Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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