420 Euclid ave, Pasadena, CA 91101
Pending
$2,750,000
7 Units
10 Beds
7 Baths
6,133 Area(sq.ft.)
Lot: 19,492 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,330 | $ 2,330 | $ 2,750 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,232 | $ 2,232 | $ 2,750 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,172 | $ 2,172 | $ 2,750 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,987 | $ 1,987 | $ 2,500 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,987 | $ 1,987 | $ 2,500 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,933 | $ 1,933 | $ 2,500 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,933 | $ 1,933 | $ 2,500 |
| 7 | 10 | 7 | $ 14,574 | $ 14,574 | $ 18,250 |
| MLS #: | CV25112179MR |
| Days On Market: | 199 |
| Listing Date: | May 20, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 448 |
| Price per unit: | $ 392,857 |
| Year Built: | 1921 |
Property Details
**Pride of Ownership in Prime Pasadena!** We are pleased to present this charming 7-unit cottage-style multi-family asset offering both stability and upside in one of Pasadena s most desirable and walkable rental corridors. Situated on a lushly landscaped 19,492 sq. ft. lot with garden walkways and tranquil outdoor space, the property features a rare unit mix of (3) 2-Bedroom/1-Bath & (4) 1-Bedroom/1-Bath detached cottages totaling 6,133 rentable sq. ft. each offering tenants a private, home-like feel. Tenants enjoy onsite garage parking, a dedicated laundry facility, and convenience to nearby top-tier amenities. Located directly across from Mayfield Junior School and just minutes from Caltech, Pasadena City College, and the shops and dining of Old Pasadena, this location supports consistent demand and long-term tenant retention. The property has been thoughtfully upgraded with copper plumbing, modern electrical panels, newer roofs, and is separately metered for gas and electricity, ensuring operational efficiency for the next owner. With proven in-place income, strong tenant retention, and pride of ownership throughout, this asset is ideal for investors seeking a turn-key opportunity in a high-demand Pasadena submarket. (For those looking to scale, this property can also be purchased with the adjacent 6-unit multi-family property at 434 S. Euclid Ave., creating a rare opportunity to own a 13-unit portfolio in one of Pasadena s strongest rental corridors. Development potential may exist as well given the combined lot sizes.)Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 171,096 |
| Total Annual Expense: | $ 49,146 |
| Net Operating Income: | $ 121,950 |
| Actual Gross Rent: | $ 14,574 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Style: | Cottage |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | PSR3 |
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Garage |
Interior
| Cooking Appliances: | None |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | None, Room |
| Laundry: | Room |
| Laundry Income: | 1500.00 |
Exterior
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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