We are pleased to exclusively offer the York House Apartments, an exceptional multifamily investment opportunity situated at 444 N Euclid Avenue in Pasadena. Strategically positioned within the coveted Villa Parke neighborhood, this property presents a prime opportunity for value appreciation. Its convenient proximity to major thoroughfares and the 210 Foothill Freeway ensures robust tenant demand and easy accessibility. The York House Apartments are a 2-story, 23-unit property originally built in 1958. The property is situated between Maple Street and E Villa Street on a single parcel of land with a total of ±21,172 square feet and a total building size of ±17,012 square feet. The property features an excellent unit mix of one-bed/one-bathroom and two-bedroom/one-bathroom units averaging 740 SF per unit. The property features an on-site laundry facility, mature lush landscaping with a courtyard, covered parking, sparkling pool with outdoor seating, and a secure entry gate. Most units have been upgraded and feature vinyl plank flooring and carpet throughout, kitchens with stainless steel appliances, ceiling fans, and wall air conditioning and heating. The city of Pasadena is ideally located within Southern California offering easy access to the 210, 134, 110, 2 and 5 freeways connecting to all of Los Angeles County, Ventura County, and beyond. Its location offers convenient access to neighboring cities within the San Gabriel Valley and San Fernando Valley. Significant local landmarks within a 20-mile radius include: The Huntington Library, Brookside Golf Course, The Rose Bowl, Dodger Stadium, Crypto. com Arena, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Los Angeles County Arboretum, Hollywood Bowl, Universal Studios and more. The York House Apartments at 444 N Euclid Avenue is a prime Pasadena income-producing property that offers a compelling long-term investment opportunity. Its current 2.95% interest-only debt provides an attractive financing structure, while the significant potential for rental upside— an estimated 27% growth to achieve market rents—underscores its value. Located in a highly desirable neighborhood, this property presents a stable investment opportunity for a diverse range of investors, including first-time buyers, seasoned professionals, and those seeking 1031 exchange benefits.
|
DAYS ON MARKET
|
21
|
LAST UPDATED
|
10/10/2024
|
|
YEAR BUILT
|
1958
|
COMMUNITY
|
Pasadena (NW)
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Pasadena (NW) |
| HEAT |
Wall Furnace |
| LOT |
0.49 acre(s) |
| LOT DESCRIPTION |
21-25 Units/Acre |
| POOL |
Yes |
| POOL DESCRIPTION |
Community,In Ground |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
PSR3 |
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Listed with CB RICHARD ELLIS
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 4:20 PM PDT 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. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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