8-unit Value-add in Madison Heights area, 50% vacant

545 South Euclid Avenue, Pasadena, CA

IN CONTRACT

$3,200,000

Price

6,548 sqft

Building Size

12,982 sqft

Lot Area

Gallery
Street
Map
Overview
Building Size
6,548 sqft
Lot Area
12,982 sqft
Occupancy
50%
Class
C
Units
8
Year Built
1922
Price Per Sqft
$489
Price Per Unit
$400,000
Zoning
R1
Floors
2
Construction Status
EXISTING
Description

DISCLOSURE: Historical property, No Parking, Seller is a real estate broker in California
Growth Investment Group California as the exclusive listing agents are proud to offer 545 S Euclid Ave, a Madison Heights area multifamily investment opportunity. It is an 8-unit bungalow style located in one many would consider the best area of the highly desirable City of Pasadena, CA. This is the first time this property has been offered for sale by itself since 2000 (±24years!).

545 S Euclid is a very attractive single-story (except the 4bedroom house is a 2-story) bungalow style apartment that was built in 1922. It offers a large ±6,548 SF building size and is situated on a large ±12,982 SF lot size. It has superb curb appeal with a center garden area. It offers an excellent unit mix with one (1) x large 4bedroom+2bathroom house in the back, four (4) x single story 2bedroom+1bathroom, and three (3) x 1bedroom+1bathroom bungalows.

Each unit is spacious and large with an excellent layout, original hardwood flooring, charm, and character. The large house in the back is a 2-story grand house with 4bedroom+2bathroom and has beautiful character that is unique such as an oversized living room, original hardwood floor, double door to the first bedroom, floor heater, large private side and backyard, laundry area with laundry hookups and so much more. The vacant units are the large 4bed house, two (2) of the 2bedroom units, and one (1) of the 1bedroom unit.

The property is separately metered for electricity and gas and each unit has its own water heater. Each unit has its own laundry hookups, large kitchen area, and spacious bathroom. There is no parking. This property is registered as historical property with the city of Pasadena and National Historical registry.

Highlights
  • • Class A Location in Madison Heights area, south of Colorado Blvd and right off California Blvd
  • • First Time for Sale since 2000
  • • Excellent demographics with ±$141,662 average household income in a one-mile radius
  • • Excellent access to 210, 134, and 110 freeways; superb access to downtown Los Angeles via FWY 110
  • • Very attractive bungalow style community with excellent curb appeal and lush center garden
  • • Prime location in Madison Heights area – crossing California Blvd and two blocks south of Old Town Pasadena
  • • Unit amenities: laundry hookups, smooth ceiling, faux fireplace, hardwood floor, charming units with plenty of character, individually metered for electricity and gas.
Documents
Title
Flyer-545SEuclidAvo.pdf
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Location
Gallery