$5,200,000

411-417 N Euclid Ave, a turnkey/fully upgraded 10 units apartment community in the City of Pasadena. The property is unique due to its single-story style layouts and its proximity to Old Town Pasadena, and Rose Bowl. The properties offer an investor the rare opportunity to own a high cash flowing apartment property in an extremely convenient location in Pasadena. This turn-key condition, combined with higher cap rate (compared to other properties in this area) offer investors attractive investment vehicle to combat raging inflation. The property has been completely renovated with permits, and offers an efficient mix of nine 1bedroom, and one studio units. The community is gated and has secured entrance with shared driveway with the property next door which is also for sale by the same owner (405 N Euclid – 3 units + Approved plan for ADU units). The property was built in 1950 and has been completely renovated with permits in 2022-2023. It consists of 3 single-story buildings and situated on a large ±11,627sf R3 lot. Each unit is unique to its vaulted ceiling layout with most units have its private patio. All the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades (plumbing upgrade in unit), new high durability wood vinyl and tile flooring