420-440 S. Euclid Ave - Apartments FOR SALE


Pasadena, CA 91101- Downtown Pasadena
$2,750,000 USD
626-427-0786
420-440 S. Euclid Ave, Pasadena, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/7
null | 4.43% Cap Rate

420-440 S. Euclid Ave
Pasadena, CA 91101
Downtown Pasadena


HIGHLIGHTS

  • Ideal Single-Story Construction Cottages
  • Prime Pasadena Location
  • Tenants Enjoy Onsite Parking
  • Directly across from Mayfield Junior School and within minutes of Caltech, PCC, and Old Pasadena
  • Can be Purchased With Adjacent Property 434 S. Euclid Ave. a 6 Unit Multi-Family Property

OVERVIEW

**Pride of Ownership in Prime Pasadena!** Kristopher German of The Apartment Dealer is pleased to present this charming 7-unit cottage-style multi-family asset offering both stability and upside in one of Pasadena’s most desirable and walkable rental corridors. Situated on a lushly landscaped 19,492 sq. ft. lot with garden walkways and tranquil outdoor space, the property features a rare unit mix of (3) 2-Bedroom/1-Bath & (4) 1-Bedroom/1-Bath detached cottages totaling 6,133 rentable sq. ft. each offering tenants a private, home-like feel. Tenants enjoy onsite garage parking, a dedicated laundry facility, and convenience to nearby top-tier amenities. Located directly across from Mayfield Junior School and just minutes from Caltech, Pasadena City College, and the shops and dining of Old Pasadena, this location supports consistent demand and long-term tenant retention. The property has been thoughtfully upgraded with copper plumbing, modern electrical panels, newer roofs, and is separately metered for gas and electricity, ensuring operational efficiency for the next owner. With proven in-place income, strong tenant retention, and pride of ownership throughout, this asset is ideal for investors seeking a turn-key opportunity in a high-demand Pasadena submarket. (For those looking to scale, this property can also be purchased with the adjacent 6-unit multi-family property at 434 S. Euclid Ave., creating a rare opportunity to own a 13-unit portfolio in one of Pasadena’s strongest rental corridors. Development potential may exist as well given the combined lot sizes.)

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

7

PRICE/UNIT

$392,857

CAP RATE

4.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pride of Ownership - PRIME PASADENA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,492 SF

ZONING

RM-32

APN/PARCEL ID

5722-034-007,5722-034-008

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.