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444 N Euclid Avenue

Pasadena, CA 91101
  • $6,500,000
  • STATUS: ACTIVE
  • ON SITE: 31 Days
  • ID#: CV24210883
UPDATED: 91 min ago
$6,500,000
  • 3
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of 21,172 square feet and a total building size of 17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of 21,172 square feet and a total building size of 17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside an estimated 27% growth to achieve market rentsunderscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/156628890
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444 N Euclid Avenue Pasadena, CA 91101

  • Price: $6,500,000
  • Status: ACTIVE
  • On Site: 31 Days
  • Updated: 91 min ago
  • ID#: CV24210883
3
Beds
0
Baths
0
½ Baths
0.49
Acres
Neighborhood:
Pasadena (91101)
County:
Los Angeles
Area:
Pasadena (91101)
Property Description
We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of 21,172 square feet and a total building size of 17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of 21,172 square feet and a total building size of 17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside an estimated 27% growth to achieve market rentsunderscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.
Exterior Features

Pool Below GroundCommunity/Common Site CurbsSidewalks Spa N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 4.47 Annual Expense Actual 196115 Buildings 1 Cfd Mello Roos Fee 5068.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 12.96 Gross Scheduled Income Actual 501391 Monthly Total Fees 422 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1746.0 Unit2 Rent Actual 2302.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Eric Chen of CB RICHARD ELLIS: 626-757-5717. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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