259 N Euclid Ave | Pasadena, CA 91101
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- LoopNet Team
259 N Euclid Ave
Pasadena, CA 91101
23-unit Civic Center Area · Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- Prime 23-unit Value-add in heart of Pasadena Civic Center, Walk to Old-Town, High 5.5% ACTUAL CAP Rate w/ Close to 7% Proforma CAP in a Class-A Locati
- Excellent demographics with ±$122,408 average household income in a one-mile radius
- Large units with some units having some upgrades, and some units have dual pane windows
- One of the best locations in Pasadena - Superb placement right in the heart of the CIVIC CENTER District in Pasadena
- Offered below replacement costs with High CAP Rate and Low Price per Unit for a high-quality location!
- Many of the units have been upgraded; Separately metered for electricity and gas, shared laundry room, and a master water heater
PROPERTY FACTS
| No. Units | 23 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 12,780 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1955/2022 |
| Building Class | C | Parking Ratio | 0.7/1,000 SF |
| Zoning | PSC- - COMMERCIAL GENERAL | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 12,780 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2022 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | PSC- - COMMERCIAL GENERAL |
AMENITIES
UNIT AMENITIES
- Heating
- Range
- Tub/Shower
SITE AMENITIES
- Property Manager on Site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 15 | - | 400 - 500 |
| 1+1 | 8 | - | 700 - 900 |
PROPERTY TAXES
| Parcel Number | 5723-004-016 | Improvements Assessment | $1,558,701 |
| Land Assessment | $3,636,971 | Total Assessment | $5,195,672 |
PROPERTY TAXES
Parcel Number
5723-004-016
Land Assessment
$3,636,971
Improvements Assessment
$1,558,701
Total Assessment
$5,195,672
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