405 409 N Euclid AVE, Pasadena, CA 91101 - MLS#AR25185115

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,850,000

Est. payment | -/mo

0.27 Acres Lot

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$ 1,850,000

Est. payment | -/mo

Save

0.27 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25185115

HOA Y/N No

Year Built 1898

Lot Size 0.267 Acres

Property Sub-Type Apartment

Property Description

Prime 3-units + 2 NEW ADUs near Old Town Pasadena, Very Well Maintained, High 5.55% CAP Rate w/ 6.94% Proforma CAP Rate, 1 unit can be delivered vacant, Large Lot, Excellent Location with Superb Demographics. Growth Investment Group California is proud to offer 405 N Euclid Ave, a very attractive Triplex + 2 brand New ADUs investment property only several blocks north of Old Town Pasadena.
The property consists of a charming 2 story bungalow building (3 units) and a garage that was converted into 2 brand new ADUs. It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of one (1) x 3bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025.

The front building was built in 1898 and has charming architecture with brand new exterior painting and brand-new landscaping. The ground floor unit has a high ceiling. The 2nd floor 3bedroom will be vacant by end of December 2025, will be upgraded and can be delivered vacant by January 2026. It has a large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. One of the front 3 units has been upgraded with high end upgrades. The exterior upgrades include a new entry gate, new parking gate, new exterior painting, completely redone landscaping, and new windows blinds.

It has a shared driveway with 411-417 N Euclid Ave that is also for sale (10 units) and can be purchased together. Parking is provided by 5 open space parking – no parking soft story retrofit is required. The property does not have any balcony, so it does require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Zoning PSR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Fence Wrought Iron

Pool None

Community Features Suburban, Valley

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View City Lights

Total Parking Spaces 5

Private Pool No

Building

Lot Description Front Yard, Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level

Faces East

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5725031014

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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405 409 N Euclid AVE Pasadena, CA 91101