5-unit blocks from Old Pasadena, 2 new ADUs 405 N Euclid Ave 5 Unit Apartment Building $1,850,000 ($370,000/Unit) 5.55% Cap Rate Pasadena, CA 91101

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!

The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadena’s historic City Hall, it sits just minutes from the California Institute of Technology, Pasadena Community College, and the 210 and 110 Freeways, offering ease of access to neighboring cities and entertainment destinations in the region. Historic Old Pasadena’s charming storefronts house 200 shops plus a wide array of restaurants and night spots. The Pasadena Convention Center, Pacific Asia Museum, the historic Tournament of Roses house, and the Norton Simon Museum are minutes away. The property has superb access to FWY 110 and FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.