Listing Broker: Growth Investment Group Pasade
Listing Agent: Handoko Chen
License #: 01749321
han.chen@growthinvestmentgroup.com
37 Units TURNKEY Next to Old Pasadena | 6.00% Cap (Self-Managed) | Ideal 1031 Exchange with 100% Upgraded Interiors & Exteriors, and 7 New ADUs | Fully Sprinklered + Brand New Electrical Panels & Subpanels, and more.
435 N Euclid Ave, an exceptional 37-unit turnkey apartment community located just blocks from historic Old Pasadena. Offering an attractive going Cap Rate of 6.00% (under a self-managed scenario) alongside future rental upside, this asset is the premier acquisition for investors seeking immediate stability and zero deferred maintenance. The comprehensive 2022–2026 renovation introduced 7 brand-new ADUs to the site, bringing the property to an impressive ±25,536 square feet of building space on a large 23,268 square-foot R3-zoned lot. Surrounded by stellar demographics featuring over $126,000 in average household income within a one-mile radius, this asset commands premium rents in one of Southern California's strongest submarkets, and offers easy access to all amenities City of Pasadena has to offer.
Originally built in 1965, the two-story Mid-Century Modern building has been meticulously modernized while retaining its distinctive architectural charm and welcoming center courtyard. The highly desirable unit mix consists of nine (9) 2-bedroom/2-bathroom, two (2) 2-bedroom/1-bathroom, twenty-five (25) 1-bedroom/1-bathroom, and one (1) studio unit. Floor plans are exceptionally bright and spacious, featuring large windows and private balconies in most units. Every single interior has been gutted and upgraded to luxury standards, boasting new quartz kitchens with dishwashers, designer bathrooms, vinyl plank flooring, in-unit laundry, and individual mini-split ...
+ Read More| Listing Id: | AR26218872 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Tax Annual Amount: | $147,116 |
| Lot Size Acres: | 0.5368 |
| Waterfront?: | No |
| Year Built: | 1965 |
| Appliances: | GasRange, Dryer, Washer |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Carport Spaces: | 38.0 |
| Common Walls: | TwoCommonWallsOrMore |
| Construction Materials: | Stucco |
| Cooling: | WholeHouseFan |
| Direction Faces: | East |
| Entry Level: | 1 |
| Fencing: | WroughtIron |
| Fireplace Features: | None |
| Fuel Expense: | 8332.0 |
| Gross Scheduled Income: | $1,099,477 |
| Heating: | WallFurnace |
| Interior Features: | Balcony, PartiallyFurnished, StoneCounters, RecessedLighting, Storage, Unfurnished, WiredForData |
| Levels: | Two |
| Listing Contract Date: | 2026-10-07 |
| Lot Features: | Lawn, Landscaped, Level, NearPublicTransit, RectangularLot, StreetLevel |
| Lot Size Area: | 23384.0 |
| Lot Size Source: | Assessor |
| Net Operating Income: | $809,619 |
| New Taxes Expense: | $147,116 |
| Number Of Separate Electric Meters: | 38 |
| Number Of Separate Water Meters: | 1 |
| Number Of Units Leased: | 37 |
| Parking Features: | Assigned, Covered, Tandem |
| Pest Control Expense: | $2,826 |
| Property Attached?: | Yes |
| Rent Control?: | Yes |
| Road Frontage Type: | CityStreet |
| Road Surface Type: | Paved |
| Spa Features: | None |
| State Or Province: | CA |
| Stories: | 2 |
| Tenant Pays: | Electricity, Gas |
| Total Actual Rent: | $90,956 |
| Trash Expense: | $17,069 |
| Utilities: | CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected |
| Vacancy Allowance Rate: | 2.0 |
| View: | Mountains, Neighborhood |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:5725031017 |
| List Price: | $13,500,000 |
|---|---|
| Property Sub Type: | Apartment |
| Association Fee: | $0 |
| Lot Size Square Feet: | 23,384.0 |
| Architectural Style: | MidCenturyModern |
| City: | Pasadena |
| County Or Parish: | Los Angeles |
| Postal Code: | 91101 |
| Number Of Units Total: | 37 |
| Building Area Total: | 25356.0 |
| Carport?: | Yes |
| Common Interest: | CommunityApartment |
| Community Features: | Suburban, Valley |
| Cooling?: | Yes |
| Current Financing: | Conventional |
| Directions: | 1 BLOCK WEST OF LOS ROBLES AVE. |
| Disclosures: | RentControl |
| Electric: | Standard |
| Elevation Units: | Feet |
| Entry Location: | 1 |
| Flooring: | Laminate, Vinyl, Wood |
| Foundation Details: | Raised |
| Garage Spaces: | 0.0 |
| Gardener Expense: | $2,400 |
| Gross Income: | $1,099,477 |
| Heating?: | Yes |
| Insurance Expense: | $27,750 |
| Laundry Features: | ElectricDryerHookup, GasDryerHookup |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan |
| Lot Size Acres: | 0.5368 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 647 - Pasadena (Sw) |
| Number Of Buildings: | 1 |
| Number Of Separate Gas Meters: | 38 |
| Open Parking Spaces: | 0.0 |
| Operating Expense: | $267,868 |
| Original List Price: | $13,500,000 |
| Parcel Number: | 5725031017 |
| Parking Total: | 38 |
| Pool Features: | None |
| Possession: | CloseOfEscrow |
| Postal City: | PASADENA |
| Professional Management Expense: | $12,000 |
| Property Condition: | UpdatedRemodeled |
| Roof: | Flat |
| Security Features: | ClosedCircuitCameras, CarbonMonoxideDetectors, FireDetectionSystem, FireSprinklerSystem, ResidentManager, SmokeDetectors |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| View?: | Yes |
| Water Sewer Expense: | $13,859 |
| Year Built Source: | Assessor |
| Current Price: | $13,500,000.00 |
| Record Signature: | -411,001,533 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 08, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 08, 2026 01:46 PM - PT
Property Last Updated: October 08, 2026 01:46 PM - PT
