434 S Euclid Ave - Apartments FOR SALE


Pasadena, CA 91106- Madison Heights
$2,150,000 USD
626-427-0786
434 S Euclid Ave, Pasadena, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/6
null | 4.89% Cap Rate

434 S Euclid Ave
Pasadena, CA 91106
Madison Heights


HIGHLIGHTS

  • Prime Pasadena Location
  • Garden Style Entry
  • Directly Accross from Mayfield Junior School and within minutes of Caltech, PCC, and Old Pasadena
  • Can be Purchased With Adjacent Property 420 S. Euclid Ave. a 7 Unit Multi-Family Property
  • Tenants Enjoy Onsite Parking

OVERVIEW

Kristopher German of The Apartment Dealer is pleased to exclusively offer for sale this 6-unit multifamily investment situated in a prime Pasadena location. The subject property offers an exceptional opportunity for investors seeking long-term stability in one of the region’s most sought-after submarkets. Located directly across from Mayfield Junior School and just minutes from Caltech, Pasadena City College, and the vibrant dining and shopping scene of Old Pasadena, the property delivers unmatched convenience and rental demand. Set on a 9,750 sq. ft. lot with 4,309 rentable sq. ft., the building features a diverse and desirable unit mix, including a rare 1-Bedroom/1-Bath two-story Townhouse, (2) 2-Bedroom/1-Bath units, and (3) 1-Bedroom/1-Bath units. The garden-style entry adds charm and privacy, while tenants benefit from onsite parking and individual utility metering. Significant capital improvements include: copper plumbing, newer roofs, and updated electrical sub-panels, offering investors a turn-key asset with reduced future maintenance. (For those looking to scale, this property can also be purchased with the adjacent 7-unit multi-family property located at 420 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

$2,150,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

6

PRICE/UNIT

$358,333

CAP RATE

4.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Location - All Major Systems Updated!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,750 SF

ZONING

PSR3

APN/PARCEL ID

5720-033-003

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.