Property Description

An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, four (4) junior Studio, and four (4) Bachelor (no kitchen) unit

Features
: Wall Furnace
: Wall/window Unit(s)
: City Lights
: Wood, Carpet, Vinyl
: Community Facility, Other
: Level, Other
: Other, Assigned
: Other
Address Map
CA
Los Angeles
Pasadena
91101
259 N Euclid Avenue
0
W119° 51' 24.7''
N34° 9' 1.4''
FWY 210 exit Fair Oaks Ave - go
MLS Addon
Growth Investment Group Pasade
Han Chen
han.chen@growthinvestmentgroup.com
CR370842071
CL546553
CR370838965
: Other
: Public

Commercial Sale For Sale

259 N Euclid Avenue, Pasadena, California 91101

12,780 Sqft
$6,800,000
Listing ID #CRAR24215656
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRAR24215656
Price : $6,800,000
Square Footage : 12,780 Sqft
Year Built : 1955
Lot Area : 11,811 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent