An Irreplaceable location only 2 properties away from Courthouse and City Hall. A prime 23-unit value-add multifamily investment opportunity located in one of the best areas in Pasadena. Situated in the Civic Center District and several properties away from the Pasadena Courthouse and City Hall, this property offers a SUPERB and unbeatable location, perfect for a savvy investor as a buy and hold asset. With this combination of a high-quality location and excellent unit mix, the property provides younger professional tenants with most of the attractions the City of Pasadena has to offer. Literally within walking distance to shopping, dining, and transportation, this location has a Walk and Bike Score of 88. The property is a two-story apartment with some upgrades. It was built in 1955 and has a total of 12,780 SF and situated on a ±11,811 SF Lot (Zoning is PSC – CD-MU-G). It is surrounded by a much higher density commercial/apartment building. Unlike other apartments in the area, this property has parking (9 spaces in the back) which provides excellent amenities to young professionals living in the building. It offers an excellent unit mix for this urban area with eight (8) large 1bed+1bath, seven (7) large Studio, four (4) junior Studio, and four (4) Bachelor (no kitchen) units. Approximately 10 out of 23 units have had upgrades. Some units have new double pane windows, and the upgraded units have new wood flooring and updated plumbing. All units have smooth ceiling and excellent layout. Each unit is separately metered for electricity and gas. Parking is in the back of the lot. There is a total of 9 spaces with 8 are assigned to units, and 1 is rented. There is an additional shared laundry room in the basement for the community, and a master water heater.
Property Details
Property Features
Property Information:
Year Built: 1955
Stories: 2
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Interior Features
Interior Information:
Appliances: Gas Range, Refrigerator
Flooring Type: Carpet, Vinyl, Wood
Fireplace: None
Exterior Features
Exterior Information:
Private Pool: No
View: City Lights
Parking Information:
Parking: Attached Carport, Assigned
Lot Features
Lot Information:
Lot: Lawn, Level, Near Public Transit, Rectangular Lot
Lot Size: 0.27 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: FWY 210 exit Fair Oaks Ave - go south and then left on Walnut St and left on Euclid Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $6,800,000
Tax Information:
Annual Amount: $55,427
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Pasadena, CA.
This property is $5.5M more than the Median Sold Price in Pasadena, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24215656
Listing Office:
Office Name: Growth Investment Group Pasade
Office Phone: (626) 224-2495
Listing Agent: Han Chen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 3:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 22, 2020
Dec 22, 2020Home Sold
$4,800,000
Jan 25, 2012
Jan 25, 2012Home Sold
$2,695,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$55,427
$4,811,500
2020
$36,236
$3,095,212
2019
$36,867
$3,034,523
2018
$36,467
$2,975,024
2017
$36,467
$2,916,691
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Madison Elementary School
515 E Ashtabula St
Distance between this listing and this school0.64 miles
Public District Grades PK-5
3
/10
Washington Elementary School
1520 N Raymond Ave
Distance between this listing and this school1.50 miles
Public District Grades PK-5
6
/10
Longfellow Elementary School
1065 E Washington Blvd
Distance between this listing and this school1.55 miles
Public District Grades PK-5
Nearby Schools
3
/10
McKinley School
325 S Oak Knoll Ave
Distance between this listing and this school0.85 miles
Public District Grades KG-8
4
/10
Washington STEAM Multilingual Academy
1505 N Marengo Ave
Distance between this listing and this school1.51 miles
Public District Grades 6-8
8
/10
Ocs - South
524 Palisade St
Distance between this listing and this school1.76 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Rose City High (Continuation)
351 S Hudson Ave
Distance between this listing and this school0.87 miles
Public District Grades 9-12
5
/10
Blair High School
1201 S Marengo Ave
Distance between this listing and this school1.66 miles
Public District Grades 6-12
6
/10
Marshall Fundamental
990 N Allen Ave
Distance between this listing and this school1.96 miles
The neighbors living near this home have an average income of $12,422. The most common annual income of people living in Pasadena, CA is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 259 N Euclid Ave
What is the listing price of this property?
The listing price of 259 N Euclid Ave property is $6,800,000.
What type of property is this?
The property 259 N Euclid Ave is a condo located in Pasadena, California, 91101.
Is this property for sale now?
Active Listing: 259 N Euclid Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $55,427 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 22, 2020 for $4,800,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 259 N Euclid Ave is 1955.
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This home is located at 259 N Euclid Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This home, which was built in 1955, sits on a 0.27 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $6,800,000.
Pasadena, CA housing market in November 2024 saw over 43 listings sold above listed price, more than 13 sold at listed price and over 21 sold below. The inventory of homes for sale in Pasadena, CA between October 2024 and November 2024 decreased by 9.9%. In November 2024 median list price was $1,212,217 and the average listing age was 32 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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