Listed by Coldwell Banker Realty
$2,999,000
421 N Euclid Avenue
Details
APN 5725031016
Property Type Multifamily
Sub Type Apartment Building
Units 14
Cap Rate 6.40%
Buildings 2
Acreage 0.267
Zoning Assessor
Multifamily | 6.40% CAP | 14 Units
Marketing description
421 N Euclid is a charming Craftsman property featuring 14 units in a prime location close to Old Town Pasadena, the Paseo Colorado, local colleges, and convenient access to freeways and the Gold Line. Set on a generous lot, the property has been thoughtfully improved in recent years, including extensive wood repairs, the addition of new stone staircases, and reinforcement of the charming brick front porch. There are wonderful Craftsman details such as fireplaces, built-in cabinetry, and picture rail molding. In addition, all but two units have been updated with new flooring and new windows.The property includes two separate buildings, with a total square footage of 7,089 square feet approximately. The original front structure, built in 1898 has approximately 4,732 square feet (with 9 units). The back structure was built at a later time and has approximately 2,357 square feet (with 5 additional units). The 14 units are comprised of the following makeup: one 2-bedroom/1 bathroom, seven 1-bedroom/1 bath units, and six studios. Both buildings showcase timeless Craftsman architecture. The front building's entry is enhanced by a pergola over the brick patio, and river rock accents add character along the bases of the buildings and the welcoming entry columns. Additional amenities include coin-operated community laundry and eight parking spaces.Don't miss this rare opportunity to own a well-maintained, character-rich Craftsman property in historic Pasadena, offering lasting appeal and strong investment potential.
Listing Contacts
Listed by Coldwell Banker Realty
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