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, ...
+ Read More| Listing Key: | AR26218872MR |
|---|---|
| List Price: | $13,500,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Apartment |
| Listing Status: | Active |
| Beds: | 47 |
| Living Area: | 25,356 |
| Tax Total: | $147,116.00 |
| Lot Size Area: | 23,384 |
| Lot Acreage: | 1.0 |
| City: | Pasadena |
| County: | Los Angeles |
| Zip: | 91,101 |
| Year Built: | 1965 |
| Unit Floor In Building: | 1 |
| Number Of Units: | 37 |
| Listing Key: | AR26218872MR |
| Listing Status: | Active |
| List Date: | 2026-10-07 |
| Actual Annual Gross Rent: | $90,956.00 |
| Assessments: | Buyer to Verify |
| Assessor Parcel Number: | 5725-031-017 |
| Baths Total: | 46.0 |
| Building Type: | Attached |
| Change Type: | New Listing |
| Common Walls: | Attached |
| Community Features: | Valley, Suburban |
| Construction Mvo: | Stucco |
| Cooking Appliances: | Range |
| Cooling: | Whole House / Attic Fan |
| Direction Faces: | East |
| Directions: | 1 BLOCK WEST OF LOS ROBLES AVE. |
| Disclosures: | Rent Control |
| Electric: | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| Entry Floor Number: | 1 |
| Equipment: | Dryer, Dryer Included, Gas Or Electric Dryer Hookup, Washer, Washer Included |
| Expense Operating: | $267,868.00 |
| Expense Pest: | $2,826.00 |
| Exposure: | East |
| Exterior Construction: | Stucco |
| Fence: | Wrought Iron |
| Fireplace Rooms: | None |
| Gas: | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| Gas Expense: | $8,332.00 |
| Gross Operating Income: | 1,077,487 |
| Gross Rent Multiplier: | $12.28 |
| Gross Scheduled Income: | $1,099,477 |
| Guest House: | None |
| Heating: | Wall |
| Insurance Expense: | $27,750 |
| Land Lease Type: | Fee |
| Laundry: | Dryer, Dryer Included, Gas Or Electric Dryer Hookup, Washer, Washer Included |
| Laundry Equipment: | Own |
| Listing Terms: | Cash, Cash To New Loan |
| Listing Type: | Exclusive Right To Sell |
| Management Expense: | $12,000.00 |
| Monthly Gross Income: | $1,099,477.00 |
| Net Operating Income: | $809,619 |
| Number Disposal: | 37 |
| Number Electric Meters: | 38 |
| Number Gas Meters: | 38 |
| Number Leased: | 37 |
| Number Range: | 37 |
| Number Refrigerator: | 37 |
| Number Wall Ac: | 37 |
| Number Water Meters: | 1 |
| Original List Price: | $13,500,000 |
| Parking Garage: | Assigned |
| Pool Description: | None |
| Possession: | Close Of Escrow |
| Price Per Sq Ft: | $532.42 |
| Price Per Unit: | $364,865.00 |
| Professional Management: | $12,000.00 |
| Property Condition: | Updated/Remodeled |
| Rent Control?: | Yes |
| Roof: | Flat |
| Sale Terms: | 0 |
| Sale Type: | Standard |
| Security Features: | Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinklers, Resident Manager, Smoke Detector |
| Service Level: | Full Service |
| Sewer: | Public Sewer |
| Spa: | None |
| Stories: | 2 |
| Tax Expense: | $147,116.00 |
| Tenant Pays: | Electric, Gas |
| Total Annual Expense: | 267868 |
| Total Parking: | 38 |
| Trash Expense: | $17,069 |
| Income Units: | {"UnitID"=>1, "Likes"=>9, "ActualRentRevenue"=>22904.0, "Bath"=>2.0, "Bed"=>2, "Furnished"=>false, "ProjectedRent"=>28800, "Revenue"=>2545.0}, {"UnitID"=>2, "Likes"=>2, "ActualRentRevenue"=>6068.0, "Bath"=>1.0, "Bed"=>2, "Furnished"=>false, "ProjectedRent"=>6000, "Revenue"=>3034.0}, {"UnitID"=>3, "Likes"=>19, "ActualRentRevenue"=>45931.0, "Bath"=>1.0, "Bed"=>1, "Furnished"=>false, "ProjectedRent"=>48200, "Revenue"=>2417.0}, {"UnitID"=>4, "Likes"=>6, "ActualRentRevenue"=>13954.0, "Bath"=>1.0, "Bed"=>1, "Furnished"=>false, "ProjectedRent"=>14400, "Revenue"=>2326.0}, {"UnitID"=>5, "Likes"=>1, "ActualRentRevenue"=>2100.0, "Bath"=>1.0, "Bed"=>0, "Furnished"=>false, "ProjectedRent"=>2100, "Revenue"=>2100.0} |
| Unit Type - Type: | 2106, 2107, 2108, 2109, 2110 |
| Vacancy Allow Percent: | $2.00 |
| View?: | Yes |
| Water: | Public |
| Water Expense: | $13,859.00 |
| Year Built Source: | Assessor |
| Listing Area: | Pasadena Sw |
Listing Courtesy of: Growth Investment Group Pasade
Listing Agent: Handoko Chen
han.chen@growthinvestmentgroup.com
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Based on information from the Association of REALTORS®/Multiple Listing as of October 08, 2026 01:50 PM - PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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CLAW data last updated on October 08, 2026 01:50 PM - PT.
Property Last Updated: October 08, 2026 01:50 PM - PT
