540 S Euclid Avenue, Pasadena, CA 91101
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Listed Price :
$2,500,000
-
Beds :
10
-
Baths :
7
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Property Size :
5,030 sqft
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Year Built :
1960
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.
Interior Features
| Bedroom Information |
| Bedrooms |
10 |
| Bathroom Information |
| Bathrooms |
7 |
Listing Information
| Address |
540 S Euclid Avenue |
| City |
Pasadena |
| State |
CA |
| Zip |
91101 |
| County |
Los Angeles |
| Listing Agent |
Alexander Metaxas DRE #01784652 |
| Co-Listing Agent |
Benjamin J. Hsiang DRE #01438644 |
| Courtesy Of |
Realty Investment Advisors, Inc. |
| List Price |
$2,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,030 |
| Lot Size |
9,622 |
| Year Built |
1960 |
Listing information courtesy of: Alexander Metaxas, Benjamin J. Hsiang, Realty Investment Advisors, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 11th, 2024 at 11:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
