Property Detail

Description

Prime 3-units + 2 NEW ADUs near Old Town Pasadena, Very Well Maintained, High 5.55% CAP Rate w/ 6.94% Proforma CAP Rate, 1 unit can be delivered vacant, Large Lot, Excellent Location with Superb Demographics. Growth Investment Group California is proud to offer 405 N Euclid Ave, a very attractive Triplex + 2 brand New ADUs investment property only several blocks north of Old Town Pasadena. The property consists of a charming 2 story bungalow building (3 units) and a garage that was converted into 2 brand new ADUs. It is situated on a large ±11,630 SF lot. It offers an excellent unit mix of one (1) x 3bedroom+2bathroom, one (1) x 2bedroom+1bathroom, and three (1) x 1bedroom+1bathroom unit. Due to its configuration, it will be very easy for the new owner to convert the 1bedroom unit into a 2bedroom unit (buyer to verify). The 2 new ADU units were built in 2025. The front building was built in 1898 and has charming architecture with brand new exterior painting and brand-new landscaping. The ground floor unit has a high ceiling. The 2nd floor 3bedroom will be vacant by end of December 2025, will be upgraded and can be delivered vacant by January 2026. It has a large kitchen with separate dining room and breakfast counter, and an under-utilized attic space. One of the front 3 units has been upgraded with high end upgrades. The exterior upgrades include a new entry gate, new parking gate, new exterior painting, completely redone landscaping, and new windows blinds. It has a shared driveway with 411-417 N Euclid Ave that is also for sale (10 units) and can be purchased together. Parking is provided by 5 open space parking – no parking soft story retrofit is required. The property does not have any balcony, so it does require any SB721 inspection (Buyer to verify). The exterior upgrades include a new entry gate, new parking gate, new exterior paint and signage, completely redone landscaping, updated electrical, and much more!