540 S Euclid Ave Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91101
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,030 sqft
Price per Sqft $497
MLS Listing ID 24-471435
Bedrooms 10
Year Built 1960
Lot Size 9,622 Sqft
Acres 0.2209
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.
Location
State CA
County Los Angeles
Area Pasadena Se
Zoning PSR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Range/Oven
Exterior
Parking Features Parking Space, Carport Detached
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard