x
Price Reduction
Address
251 N Oakland Avenue Pasadena, CA
Price
$ 30,620,000
Property Attributes
  • MLS#AR19216600
  • TypeIncome
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91101
  • Style
  • Price$ 30,620,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage43627
  • Lot Size1.21 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

THE ARROYO COLLECTION, a four-property portfolio totaling 61-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. It consists of four (4) two-story multifamily properties totaling 61 units. 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 64 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 all four (4) properties.

Price History
9/10/2019 Listed $40,300,000
12/5/2019 25% - $30,620,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Urban, Valley
Directions south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
HOA Fee 0.00
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 647 - Pasadena (SW)
Number of Units Leased 61
Price Per Square Foot 701.86
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 61
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
Cooling ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+
Dishwasher Count 61
Fireplace Features None
Garbage Disposal Count 61
Heating ENERGY STAR Qualified Equipment, High Efficiency, Combination
Heating Y/N Yes
Laundry Features Dryer Included, Inside, Washer Included
Laundry Y/N Yes
Number of Wall ACs 61
Range Count 61
Refrigerator Count 61
Studio Area Unit Type Square Feet
Total Stories 2
Window Features Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

Building Area Total 43627.00
Carport Spaces 79.00
Garage Spaces 0.00
Lot Features Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
Lot Size Acres 1.2102
Lot Size Area 52718.0000
Lot Size Source Assessor
Lot Size Square Feet 52718.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 65
Number of Separate Gas Meters 65
Number of Separate Water Meters 4
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 79.00
Uncovered Spaces 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 $8.07M
$30.62M
Visits
AVG 46
247
Year Built
AVG 1952
1962
Walkscore
AVG 82
82
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.