Skip To Content

540 S Euclid Avenue

Pasadena, CA 91101
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • ID#: 24471435
Under Contract
UPDATED: 83 min ago
$2,500,000
  • 10
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,030
    SQFT
  • $497
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Alexander Metaxas of Realty Investment Advisors, Inc. () and Benjamin J. Hsiang of Realty Investment Advisors, Inc.()


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. 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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-11T09:29:51.14. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/158701677
Print Image

540 S Euclid Avenue Pasadena, CA 91101

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 83 min ago
  • ID#: 24471435
10
Beds
0
Baths
0
½ Baths
0.22
Acres
5,030
SQFT
$497
$/SQFT
1960
Built
Neighborhood:
648 - Pasadena (SE)
County:
Los Angeles
Area:
648 - Pasadena (SE)
Property 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. 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.
Exterior Features

Attached Garage YN No Carport YN Yes Parking Features Detached CarportOne Space Parking Total 8

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.01 Gross Income 165138 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 100287 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning PSR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-11T09:29:51.14. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373706091-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373706091-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373706091-2.jpg
Logo
Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Alexander Metaxas of Realty Investment Advisors, Inc. () and Benjamin J. Hsiang of Realty Investment Advisors, Inc.()