540 South Euclid Avenue

Pasadena, CA 91101

$2,453,000
Last Sold Price
10
Beds
7
Baths
5,030 Sq. Ft.
$488 / Sq. Ft.
5,030
Sq. Ft.
$488
per Sq. Ft.

Description

Prime pasadena location! Don't miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building....Prime pasadena location! Don't miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building. Improvements include several units being completely renovated, updated plumbing throughout property, newer dual pane windows, recently replaced roofs, the elevated decking have been inspected and the SOFT-STORY RETROFIT COMPLETED! Other features include 8 on-site parking spaces and tenant storage cabinets, separate water heaters, community laundry room with coin operated machines and all the units are separately metered for gas/electricity. The property is subject to local Pasadena rent control laws, buyer is to verify and familiarize. Don't miss this chance to invest in such a prized location where properties are held for generations and don't trade hands often. Please do not disturb the tenants. Drive-by only.
  1. Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
  2. Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 540 South Euclid Avenue

Zoning
PSR3
Parcel Number
5722034018
Total Units
7.0
Living Area
5030
Source Living Area
Vendor Enhanced
Area
Pasadena SE (648)
Vacancy Rate
0
Lot Size Area
9622
LISTING UPDATED: 02/12/2025 06:57 PM

Property Details for 540 South Euclid Avenue

StatusSold
MLS #24-471435
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.22 AC / 9,622 SF
CountyLos Angeles County

Building Information for 540 South Euclid Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.22 AC / 9,622 SF

Property Information for 540 South Euclid Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $160,388
  • Net Operating Income: $100,287.00
  • Gross Income: $165,138
  • Cap Rate: 4.01%
  • Gross Rent Multiplier: $15.12
  • Total Annual Expense: 60101
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2209
  • Lot Size Square Feet: 9622
  • Lot Size Dimensions: 50x192
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Parking Space, Carport Detached
  • Total Parking: 8
  • Covered Parking: 8
  • Parking Features: Parking Space, Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,746.00
  • Unit Actual Rent: $7,092.00
  • Unit Projected Rent: $8,298.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,179.00
  • Unit Actual Rent: $6,537.00
  • Unit Projected Rent: $7,128.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $650,229.00
  • Assessed Improvement Percent: 70.0
  • Assessed Land Value: $278,655.00
  • Assessed Land Percent: 30
  • Assessed Total Value: $928,884.00

Property History for 540 South 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 540 South Euclid Avenue

Taxable ValueLand$284,228Additions$664,783Total$949,011
Tax Record2024$12,069 ($1,006 / month)
Home Facts
Total Finished SqFt5,030 SqFtAbove Grade Finished SqFt5,030 SqFtLot Size9,619 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningPSR3CountyLOS ANGELESAPN5722-034-018

Schools near 540 South 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
Public - 6 to 12
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Marshall Fundamental School
Public6 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.

Similar Homes

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Similar Sold Homes

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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 Realty Investment Advisors, Inc., Alexander Metaxas, DRE #01784652; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

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.