Address
251 N Oakland Avenue Pasadena, CA
Price
$ 14,350,000
Property Attributes
  • MLS#AR20035260
  • TypeIncome
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91101
  • Style
  • Price$ 14,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage17370
  • Lot Size0.48 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

THE ARROYO COLLECTION, a two-property portfolio totaling 27-unit apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The properties offer an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the SGV. The properties, all of which have been completely renovated and seismically retrofitted, offer a solid mix of courtyard layouts, in-unit laundry and multiple on-site laundry facilities for, and are well-parked with 25 total parking spaces, nearly all of which are covered. The properties are separately metered for gas and electric, and each property is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. A new owner is presented with the security of in-place master leases for both properties.

Price History
2/25/2020 Listed $14,350,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Carport Spaces 25.00
Community Features Urban, Valley
Cooling ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+
Directions FWY 210 exit Fair Oaks Ave, go east on Corson St towards Los Robles Ave, make right on Oakland Ave - buildings are on the right hand side
Garage Spaces 0.00
Heating ENERGY STAR Qualified Equipment, High Efficiency, Combination
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 647 - Pasadena (SW)
Parking Features Assigned
Pool Features None
Price Per Square Foot 826.14
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 27
Zoning PSC-

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Dishwasher Count 27
Fireplace Features None
Garbage Disposal Count 27
Heating Y/N Yes
Laundry Features Dryer Included, Inside, Washer Included
Laundry Y/N Yes
Number of Wall ACs 27
Range Count 27
Refrigerator Count 27
Studio Area Unit Type Square Feet
Total Stories 2
Window Features Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

Building Area Total 17370.00
Lot Features Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
Lot Size Acres 0.4756
Lot Size Area 20718.0000
Lot Size Source Assessor
Lot Size Square Feet 20718.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 28
Number of Separate Gas Meters 28
Number of Separate Water Meters 2
Parking Y/N Yes
Total Parking 25.00
Uncovered Spaces 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91101

Price
AVG $3.9M
$14.35M
Visits
AVG 106
985
Year Built
AVG 1943
1954
Walkscore
AVG 86
90
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover