435 N Euclid Ave #22, Pasadena, CA 91101
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435 N Euclid Ave #22 Pasadena, CA 91101

$14,800,000
  • 48 Beds
  • 46 Baths
  • 25,347 Sq.Ft.
For Sale
$14,800,000 Get Pre-Qualified

Map preview of 435 N Euclid Ave #22, Pasadena, CA 91101

Property Overview: 435 N Euclid Ave #22 Pasadena, CA has 48 bedrooms, 46 bathrooms, 25,347 living square feet and 23,268 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are proud to exclusively present a multifamily opportunity located at 435 N Euclid Avenue in the City of Pasadena! 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse Auditorium and several museums, galleries, and popular eateries. 435 N Euclid Avenue is a rare, 2-story, 37-unit property originally built in 1965 with renovations recently completed in 2023 and ADUs currently under construction in 2024. The property is situated on a single parcel of land for a total of ±23,268 square feet and a total building size of ±25,347 square feet. The property features an excellent unit mix of one-bed/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom units averaging 685 square feet per unit. The property features renovated exteriors with covered parking, additional storage space, secure gated entry, courtyard with string lights, outdoor seating area and lush, mature landscaping. Units are renovated with stainless steel appliances, gas oven/stove combination with stylish range hoods, recessed lighting, wall air conditioning and heating, laminate wood look vinyl plank flooring, washers and dryers, granite countertops and new modern window cellular shades. 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. 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. 435 N Euclid Avenue is a prime Pasadena income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Co-listed by Joyce Goldstein | BRE #01903737 | CB Richard Ellis L.A. North Universal City
Last checked: 6 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 14
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Home details

Lot Sq. Ft
23,268
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Apartment
Status
Active
MLS#
CV24074862
City
Pasadena
County
Los Angeles
Time on Site
16 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 37
  • Total # of Buildings: 2
  • # of Leased Units: 29
  • # of Electric Meters: 37
  • # of Gas Meters: 37
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 26
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,369
  • Total Rent: $61,594
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,975
  • Total Rent: $5,950
  • Pro Forma/Market Rent: $2,950
Unit Breakdown 3
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,536
  • Total Rent: $272,652
  • Pro Forma/Market Rent: $3,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.18%
  • Gross Rent Multiplier: 16.13
  • Gross Scheduled Income: $1,084,826
  • Net Operating Income: $765,286
  • Gross Operating Income: $1,052,281
  • Vacancy Allowance: $32,545
Annual Expense Breakdown
  • Total Operating Expense: $286,995
  • New Taxes: $170,230
  • Trash: $8,223
  • Gardener: $2,760
  • Insurance: $14,236
  • Maintenance: $18,500
  • Professional Management: $42,830
  • Water/Sewer: $22,817
  • Other Expenses: $7,400
  • Other Expense Description: Reserves

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Property Details for 435 N Euclid Ave #22

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside, Stackable
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 37
  • Parcel Number: 5725031017
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merge onto 210W, Exit Lake Avenue, Merge onto E Maple Street, Turn Right on N Euclid Ave
Neighborhood Information
  • Community Features: Curbs, Mountainous, Sidewalks
View more facts & features

Local Pasadena Agent

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Sale History for 435 N Euclid Ave #22

Last sold on April 27th, 2020
  • April, 2024

  • Apr 16, 2024

    Date

    Canceled

    CRMLS: CV23219536

    $14,000,000

    Price

  • Dec 1, 2023

    Date

    Active

    CRMLS: CV23219536

    $14,000,000

    Price

  • Listing provided courtesy of CRMLS

    7 APPROVED ADUs. 435 N Euclid Avenue is positioned in the highly desirable and vibrant Villa Parke neighborhood of Pasadena. The property is situated between E Villa Street and E Maple Street approximately less than one mile of the 210 Foothill Freeway. 435 N Euclid Avenue is a short distance from the eclectic and historic Old Town Pasadena that features more than 300 businesses that offer a variety of shopping venues, diverse restaurants, and a plethora of entertainment options. The location is also one mile away from the renowned and upscale neighborhood of the Pasadena Playhouse District, which is home to the Pasadena Playhouse Auditorium and several museums, galleries, and popular eateries. 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.435 N Euclid Avenue is a rare, 2-story, 30-unit property with approvals to develop an additional seven dwelling units. Built in 1965 with renovations recently completed in 2023, the property is situated on a single parcel of land for a total of ±23,268 square feet and a total building size of ±20,988 square feet. The property features an excellent unit mix of one-bed/one-bathroom, two-bedroom/one-bathroom, and two-bedroom/two-bathroom units averaging 700 square feet per unit. The property features renovated exteriors with covered parking, additional storage space, secure gated entry, courtyard with string lights, outdoor seating area and lush, mature landscaping. Units are renovated with stainless steel appliances, gas oven/stove combination with stylish range hoods, recessed lighting, wall air conditioning and heating, laminate wood look vinyl plank flooring, washers and dryers, granite countertops and new modern window cellular shades. The property is in a highly desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

  • April, 2024

  • Apr 16, 2024

    Date

    Active

    CRMLS: CV24074862

    $14,800,000

    Price

  • April, 2020

  • Apr 27, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2014

  • Mar 4, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 435 N Euclid Ave #22

Assessed Value (2020): $2,072,743
Year Land Value Improved Value Assessed Value
2020 $371,453 $1,701,290 $2,072,743

Home Value Compared to the Market

This property vs the competition

435 N Euclid Ave #22 is listed 1135.39% higher than the median list price for the city of Pasadena which has a median list price of $1,198,000. The median price per/sqft for Pasadena is $798 and this home is listed at $583.9 per/sqft which puts the price per square foot 26.83% lower than the median price per square foot for the city of Pasadena.

About 435 N Euclid Ave #22

Detailed summary of property

435 N Euclid Ave #22 is a apartment located in Pasadena, CA 91101 and is currently for sale. This apartment offers 48 bedrooms, 46 bathrooms, roughly 25,347 living square feet, and sits on an approximately 23,268 square foot lot. 435 N Euclid Ave #22 was first listed on ArdentRealEstateGroup.com on April 16, 2024. The homeowner is currently asking $14,800,000. The median priced home in Pasadena is $1,198,000 with a median price per square foot of $798. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 1135.39% higher than the median priced home. Local competing homes currently for sale include 1920 S Robertson Blvd, 2611 E Broadway and 283 Avocado St. While the average home in Pasadena, CA is selling in 57 days, 435 N Euclid Ave #22 has a days on market of 14 days. There are currently 261 homes for sale in the Pasadena real estate market and 154 of them are single family homes while 82 of them are condos and 25 are townhomes. For more information on this home for sale at 435 N Euclid Ave #22 Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 435 N Euclid Ave #22

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
20,988
Lot Size
23,267
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
24,25
APN
5725-031-017

The source for these homes facts are from public records.

91101 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$846,000
Median Sold Price/Sq.Ft.
$725
Total Inventory
48
Median Sale to List Price %
110.59%
Avg Days on Market
71
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (28.57%)

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Related Resources to 435 N Euclid Ave #22

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.