540 Euclid AvePasadena, CA 91101

This exceptional 7-unit apartment building presents a rare investment opportunity in Pasadena's desirable South Lake Avenue area. Boasting a prime location, this property offers a compelling mix of three 2-bedroom, 1-bathroom units and four 1-bedroom, 1-bathroom units, providing excellent rental income potential. The 5,030 square foot building, constructed in 1960 on a 9,619 square foot lot, features a convenient on-site carport and tuck-under parking. A recent soft-story retrofit has been completed, eliminating future upgrade needs. Individual water heaters and separately metered gas and electricity enhance efficiency. Additional features include an updated laundry room and a pitched roof. While current rents are below market, offering significant upside potential, the property is subject to Pasadena's rent control regulations. This is a walker's paradise with a Walk Score of 92, placing it within easy walking distance of amenities such as the newly opened Erewhon Market. The strong 4.01% cap rate and $100,287 NOI further solidify this property's value. The asking price is $2,500,000. Please respect tenant privacy