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.
Property Details
Price:
$2,500,000
MLS #:
24471435
Status:
Active
Baths:
0
Address:
540 S Euclid Avenue
Type:
Residential Income
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Dec 2, 2024
State:
CA
ZIP:
91101
Lot Size:
9,622 sqft / 0.22 acres (approx)
Year Built:
1960
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Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Parking Space, Detached Carport
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address540 S Euclid Avenue Pasadena CA
- Area648 – Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91101
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Courtesy of Realty Investment Advisors, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
540 S Euclid Avenue
Pasadena, CA
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