Active

420 S Euclid Avenue

Pasadena CA, 91101

$5,200,000


$497.99 per sqft

Active

10,442 sqft

Condo

Built in 1921

Listed by Han Chen with Growth Investment Group Pasade 626-594-4900

420 and 434 S Euclid Ave, two Madison Heights area multifamily investment opportunities only 2 blocks south of OLD TOWN PASADENA! The seller's family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years)! These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield Junior School, a well-known and highly rated private Catholic school. The street is a mature and quiet residential area with superb access to Old Town Pasadena amenities.

420 S Euclid is a very attractive single-story bungalow style apartment that was built in 1921 (by seller's family). It consists of seven (7) individual houses/bungalows (no shared wall between unit) on a large +-19,492sf R3zoned lot. It has a total of +-6,133 SF building size with very well-maintained center courtyard. It offers an excellent unit mix with three (3) x large 2bedroom+1bathroom bungalows, and four (4) x 1bedroom+1bathroom bungalows. Recent capital improvements were updated electrical, mostly copper plumbing, +-6-year-old roof, exterior repainting in 2012, etc. (Buyer to verify).

Each unit is spacious and large with an excellent layout, large dining room that could double a den or extra room (with built-in cabinets), breakfast nook, original hardwood flooring, charm, and character. Each unit has an individual water heater and separately metered for electricity and gas. There is a shared laundry room in the parking area (laundry room's gas is using one of the unit's gas meter). Parking for 420 S Euclid is provided by 5 garages, 1 carport, and 1 open space. There is a large common area backyard on the side of the laundry room/behind 1 of the bungalows.

EUCLID COURT - 434 S Euclid is a charming and attractive 6-unit apartment next to 420 S Euclid. It consists of a fourplex in the front and duplex in the back. It was originally a 2-unit that was built in 1913, the four additional units (2 in the front, and 2 in the back) were built in 1950s. It offers a good unit mix of two (2) x 2bed+1bath, and four (4) x 1bed+1bath units. It has a total of +-4,309sf building size and is situated on a large +-9,750sf R3 lot size.

AR24093360

MLS ID

May 13, 2024

Listed

May 16, 2024

Updated

Map

420 S Euclid Avenue
Pasadena CA, 91101

Interior Features

Total Stories

2


Appliances

Gas Range, Refrigerator, Range Hood, Water Heater


Laundry Description

Common Area


Floor Description

Laminate, Wood


Fireplace

Yes


Fireplace Description

Living Room


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.67 Acres


Lot Features

31-35 Units/Acre, Lawn, Landscaped, Near Park, Street Level, Value In Land


Architectual Style

Bungalow, Craftsman


Roof

Asbestos Shingle


Sewer

Public Sewer

Other Property Details

Area Name

647 - Pasadena (SW)


Days on Market

2


Garage

Yes


Garage Spaces

5


Parking

Assigned, Detached Carport, Garage


Parking Total

13


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

PSR3

Listing Contact: 626-594-4900 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/16/2024 at 1:09 AM UTC

 

Powered byLuxury Presence