new - 6 days on rocket

540 S Euclid Ave, Pasadena, CA, 91101

$2,500,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
7 Baths
5,030 SqFt
$497/SqFt
House

Location

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540 S Euclid Ave, Pasadena$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDetached Carport, One Space
Year Built1960
HeatingWall Furnace
MLS #24471435
Lot Size0.22 Acres
StatusActive

About 540 S Euclid Ave

PRIME PASADENA LOCATION! Don't miss this rare opportunity to acquire a classic 7-unit Pasadena rental property located walking distance to the recently opened Erewhon market and all the shops and restaurants of South Lake Avenue. Offering a very strong unit mix of three 2 Bed + 1 bath units and four 1 Bed + 1 bath units with rents that offer a new owner, steady and realistic rental income growth. With good curb appeal and a unique building layout make this property not a typical box apartment building. Improvements include several units being completely renovated, updated plumbing throughout property, newer dual pane windows, recently replaced roofs, the elevated decking have been inspected and the SOFT-STORY RETROFIT COMPLETED! Other features include 8 on-site parking spaces and tenant storage cabinets, separate water heaters, community laundry room with coin operated machines and all the units are separately metered for gas/electricity. The property is subject to local Pasadena rent control laws, buyer is to verify and familiarize. Don't miss this chance to invest in such a prized location where properties are held for generations and don't trade hands often. PLEASE DO NOT DISTURB THE TENANTS. DRIVE-BY ONLY.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 2
  • Living Area: 5,030 SqFt

Listing Office:

  • Office Name: Realty Investment Advisors, Inc.
  • Listing Agent: Alexander Metaxas

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Detached Carport, One Space

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: East on California Blvd, North on Euclid Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $497/SqFt

Tax Information:

  • Annual Amount: $11,109
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pasadena, CA.

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Pasadena, CA

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$766

Avg. Days On Market

32

# of Sold Homes

77

540 S Euclid Ave vs Pasadena

6 DAYS ON ROCKET

-26 Days

$2,500,000

+$1.2M More

$497/SqFt

-$270 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $270/SqFt less than other homes in Pasadena, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24471435

Listing Office:

  • Office Name: Realty Investment Advisors, Inc.
  • Listing Agent: Alexander Metaxas

IDX 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: 12/18/2024, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$11,109$894,367
2020$10,718$883,663
2019$10,719$2,100,000
2018$10,592$849,352
2017$10,592$832,699

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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NMLS#3030

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.

Nearby Schools

school-card-donut-4411288
4
/10

  • Madison Elementary School

  • 515 E Ashtabula St

  • 1.57 miles

  • Public District Grades PK-5

school-card-donut-4411289
5
/10

  • San Rafael Elementary School

  • 1090 Nithsdale Rd

  • 1.76 miles

  • Public District Grades KG-5

school-card-donut-4411290
9
/10

  • Marengo Elementary School

  • 1400 Marengo Ave

  • 1.88 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,193. Most Pasadena, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 S Euclid Ave

What is the listing price of this property?

The listing price of 540 S Euclid Ave property is $2,500,000.

What type of property is this?

The property 540 S Euclid Ave is a house located in Pasadena, California, 91101.

Is this property for sale now?

Active Listing: 540 S 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 $11,109 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 540 S Euclid Ave has 10 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 540 S Euclid Ave is 5,030 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 S Euclid Ave is 1960.

Rocket Homes›California›Los Angeles County›Pasadena›91101›540 S Euclid Ave

This home is located at 540 S Euclid Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. This 5,030 square foot home, which was built in 1960, sits on a 0.22 acre lot. Features: 10 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $2,500,000.

In November 2024 more than 43 listings in Pasadena, CA were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 21 were sold below. The number of homes for sale in Pasadena, CA decreased by 9.9% between October 2024 and November 2024. Listings spent 32 days on the market in November 2024, and had a median list price of $1,212,217 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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