444 North Euclid Avenue

Pasadena, CA 91101

$6,500,000
Price
3
Beds
23
Baths
17,012 Sq. Ft.
$382 / Sq. Ft.
17,012
Sq. Ft.
$382
per Sq. Ft.

Description

We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in...We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of ±21,172 square feet and a total building size of ±17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside— an estimated 27% growth to achieve market rents—underscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 444 North Euclid Avenue

Parking Spaces Total
28
Private Pool
No
Cooling Type
Wall/Window
Total Units
23.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17012
Assessor Parcel Number
5725-033-015
LISTING UPDATED: 01/22/2025 03:01 AM

Property Details for 444 North Euclid Avenue

StatusActive Under Contract
MLS #CV24210883
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
CountyLos Angeles County

Building Information for 444 North Euclid Avenue

Building/Complex444 N Euclid AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1958Building Size-

Property Information for 444 North Euclid Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $5,012,391
  • Gross Scheduled Income: $501,391
  • Vacancy Allowance: 15042
  • Gross Operating Income: $486,349
  • Net Operating Income: $290,234
  • Laundry Income: $5,951
  • Gross Multiplier: 12.96
  • Cap Rate: 4.47
Expense Details
  • Operating Expense: $196,115
  • New Taxes Expense: $77,078
  • Gardener Expense: $1,680
  • Fuel Expense: $5,912
  • Pest Control Expense: $1,142
  • Pool Expense: $5,901
  • Electric Expense: $7,925
  • Insurance Expense: $13,800
  • Maintenance Expense: $16,100
  • Professional Management Expense: $38,017
  • Other Expense: $4,600
  • Other Expense Description: Reserves
  • Trash Expense: $11,555
  • Water Sewer Expense: $9,582
  • Supplies Expense: $2,763
  • Total Expenses: $196,115
Tax / Assessment Info
  • Tax Tract Number: 461901
  • Tax Census Tract: 4619.01
  • CFD/Mello-Roos Fee: $5,068
  • Tax Lot: 10
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: Community, In Ground
  • Pool Description: In Ground
  • Pool: Below Ground, Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 23
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 22
Unit Information
Unit 1
  • Unit Type Units Total: 21
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,746
  • Unit Type Total Rent: $440,016
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,302
  • Unit Type Total Rent: $55,248
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 23
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 444 North Euclid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 444 North Euclid Avenue

Taxable ValueLand$755,397Additions$1,766,579Total$2,521,976
Tax Record2024$32,721 ($2,727 / month)
Home Facts
Total Finished SqFt17,012 SqFtAbove Grade Finished SqFt17,012 SqFtLot Size21,172 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningPSR3CountyLOS ANGELESAPN5725-033-015

Schools near 444 North Euclid Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 to 12

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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.