1111 N Los Robles Avenue Active

Pasadena,CA 91104

$ 6000000

5 Beds

5 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24154188

Bedrooms 5

HOA Y/N No

Lot Size 1.297 Acres

Property Description

We are pleased to present the Los Robles & Douglas Portfolio, a 16-unit apartment community spanned across three connected parcels and 1.3 acres in Pasadena, CA. The properties feature a diverse unit mix of Studios, 1, 2, and 3-bedroom units, garage parking, lush landscaping, and upgraded craftsman-style units. The buildings on Los Robles Ave. may qualify for the Mills Act as they are listed in the National Register of Historical Places. This can significantly reduce property taxes for an investor, thus increasing net operating income (NOI). There is also a tremendous opportunity to convert the units into condos, build additional units, and add ADUs on this vast piece of land, making it a perfect fit for the value-add investor or developer. [[1111 N. Los Robles Ave., Pasadena, CA]] - [[1121 N. Los Robles Ave., Pasadena, CA]] - [[392 Douglas St., Pasadena, CA]]
We are pleased to present the Los Robles & Douglas Portfolio, a 16-unit apartment community spanned across three connected parcels and 1.3 acres in Pasadena, CA. The properties feature a diverse unit mix of Studios, 1, 2, and 3-bedroom units, garage parking, lush landscaping, and upgraded craftsman-style units. The buildings on Los Robles Ave. may qualify for the Mills Act as they are listed in the National Register of Historical Places. This can significantly reduce property taxes for an investor, thus increasing net operating income (NOI). There is also a tremendous opportunity to convert the units into condos, build additional units, and add ADUs on this vast piece of land, making it a perfect fit for the value-add investor or developer. [[1111 N. Los Robles Ave., Pasadena, CA]] - [[1121 N. Los Robles Ave., Pasadena, CA]] - [[392 Douglas St., Pasadena, CA]]

Location

State CA

County Los Angeles

Area Pasadena (91104)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $168

Acceptable Financing Conventional

Space Rent $1,426

Listing Terms Conventional

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