We are pleased to present a 1.3 acre site located in Prime Pasadena. The offering is currently an 18 unit office buildingwith 95% of the leases on a 1 year basis set to expire in 2019. Gross income generated as an office building year-to-date 2017 equatesto $630,660 which allows a developer to finance a portion of the project (please see attached rent roll). This lot is one of the last sitesof its size this far south of the 210 freeway. Zoned RM-48 HL-40(45), this site allows a developer to build up to 62 units by right andup to 84 units with a density bonus (buyer to verify with the City of Pasadena).233 S Euclid is ideally located in the high demand submarket of Pasadena, California which boasts high-end demographics ($107,000median household income w/in a 3-mile radius), dense immediate population (6,100 people / sq. mile), high barriers to entry andstrong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth pote
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
