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$1,750,000

For Sale - Active
405 N Euclid Ave, Pasadena, CA 91101
3 Beds
2 Baths
0 Square Feet
0.00 Acres Lot
Built in 1898
For Sale - Active
2 Units
Checked: 7 hours ago
Updated: Sep 13, 2025 at 01:09AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$5,177
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-10.9%

Property Description


0.00 Acres Lot
Built in 1898
For Sale - Active
2 Units

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 two (2) 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 2bedroom unit is larger with additional large den area that is being used as tenants private office, 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! The property is in the highly desirable area of Pasadena just several blocks north of Old Town Pasadena. It is situated on a quiet tree-lined street and within minutes from the Gold Line and numerous additional shopping and dining options on Colorado Boulevard and Lake Avenue. Near Pasadenas historic City Hall, it sits just minutes from the California Institute of Technology, Pasadena Community College, and the 210 and 110 Freeways, offering ease of access to neighboring cities and entertainment destinations in the region. Historic Old Pasadenas charming storefronts house 200 shops plus a wide array of restaurants and night spots. The Pasadena Convention Center, Pacific Asia Museum, the historic Tournament of Roses house, and the Norton Simon Museum are minutes away.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 2.0

Interior Features

  • # of Stories: 2

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 5725031014
  • Lot Size: 0 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1898

Tax Information

  • Annual Tax: $0

Utilities

  • Cooling: Wall/Window Unit(s)

Location

  • County: Los Angeles

Listing Details


Listed by:
Handoko Chen
Growth Investment Group Pasade
(626) 224-2495

Source:
San Diego MLS
MLS#: AR25185115
San Diego MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$5,177
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-10.9%

Purchase Details

Find an Agent

Purchase price:
$1,750,000
Amount financed:
-$1,400,000
Down payment:
$350,000
Closing costs:
$52,500
Rehab costs:
$0
Initial cash invested:
$402,500
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$1,400,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$8,282
Property tax:
$0
Insurance:
$315
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,597

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,500 $54,000
Vacancy loss: (6%)
6% -$270 -$3,240
Operating income:
$4,230 $50,760

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$315-$3,780
Property management: (8%)
8%-$360-$4,320
Repairs & maintenance: (5%)
5%-$225-$2,700
Capital expenditures: (5%)
5%-$225-$2,700
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$1,125-$13,500

Cash Flow


Monthly Yearly
Net operating income:
$3,105 $37,260
Mortgage payments:
-$8,282 -$99,384
Cash flow:
-$5,177 -$62,124