540 S Euclid Ave Pasadena, CA 91101
Active
$2,500,000
7 Units
10 Beds
7 Baths
5,030 Area(sq.ft.)
9,622 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,746 | $ 7,092 | $ 8,298 |
| Unit 2 | 3 | 2 | 1 | No | $ 2,179 | $ 6,537 | $ 7,128 |
| 2 | 7 | 10 | 7 | $ 13,521 | $ 47,979 | $ 54,576 |
| MLS #: | 24-471435 |
| Days On Market: | 10 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 497 |
| Price per unit: | $ 357,143 |
| Year Built: | 1960 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 160,388 |
| Total Annual Expense: | $ 60,101 |
| Net Operating Income: | $ 100,287 |
| Gross Annual Income: | $ 165,138 |
| Cap Rate: | 4.01% |
| Gross Rent Multiplier: | 15.12 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | PSR3 |
| Parking Garage: | Parking Space, Carport Detached |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven |
| Heating: | Wall |
Exterior
Detailed Map
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Income
