420 S Euclid Avenue, Pasadena, CA 91101
- $2,750,000
- Sold Price
- $2,750,000
- List Price
- $2,750,000
- Closing Date
- Jul 30, 2025
- Status
- CLOSED
- MLS#
- CV25112179
- Year Built
- 1921
- Lot Size
- 19,492
- Acres
- 0.45
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 13
- Property Type
- Multifamily
- Style
- Cottage
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
**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.)
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $176,388
- Operating Expense
- 49146
Listing courtesy of Listing Agent: Kristopher German (kris@theapartmentdealer.com) from Listing Office: RE/MAX 2000 REALTY.
Listing sold by KEVIN LUTZ from Keller Williams Realty/Pasadena
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.