420 S Euclid Avenue

420 and 434 S Euclid Ave, two Madison Heights area multifamily investment opportunities only 2 blocks south of OLD TOWN PASADENA! The seller’s family was the original developer that built 420 S Euclid (7 houses/bungalows) back in 1921 (103 years ownership). The 434 has been under the same ownership since 1963 (61 years)! These 2 adjacent properties are in Madison Heights area which is considered as one of the most desirable locations for residential units in Pasadena; it is right across the Mayfield Junior School, a well-known and highly rated private Catholic school. The street is a mature and quiet residential area with superb access to Old Town Pasadena amenities. 420 S Euclid is a very attractive single-story bungalow style apartment that was built in 1921 (by seller’s family). It consists of seven (7) individual houses/bungalows (no shared wall between unit) on a large ±19,492sf R3zoned lot. It has a total of ±6,133 SF building size with very well-maintained center courtyard. It offers an excellent unit mix with three (3) x large 2bedroom+1bathroom bungalows, and four (4) x 1bedroom+1bathroom bungalows. Recent capital improvements were updated electrical, mostly copper plumbing, ±6-year-old roof, exterior repainting in 2012, etc. (Buyer to verify). Each unit is spacious and large with an excellent layout, large dining room that could double a den or extra room (with built-in cabinets), breakfast nook, original hardwood flooring, charm, and character. Each unit has an individual water heater and separately metered for electricity and gas. There is a shared laundry room in the parking area (laundry room’s gas is using one of the unit’s gas meter). Parking for 420 S Euclid is provided by 5 garages, 1 carport, and 1 open space. There is a large common area backyard on the side of the laundry room/behind 1 of the bungalows. EUCLID COURT - 434 S Euclid is a charming and attractive 6-unit apartment next to 420 S Euclid. It consists of a fourplex in the front and duplex in the back. It was originally a 2-unit that was built in 1913, the four additional units (2 in the front, and 2 in the back) were built in 1950s. It offers a good unit mix of two (2) x 2bed+1bath, and four (4) x 1bed+1bath units. It has a total of ±4,309sf building size and is situated on a large ±9,750sf R3 lot size.