Los Angeles, Residential Income – 251 N Oakland Ave, Pasadena, CA 91101, USA -001-11-30T00:00:00-08:00
PASADENA COLLECTION is 80-unit value-add non-rent controlled apartment investment opportunity located in the highly desirable city of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in hi
251 N Oakland Ave, Pasadena, CA 91101, USA
$22,490,000 USD
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Address251 North Oakland Avenue, Pasadena
Price$22,490,000
Year Built1960
Bedrooms Total0
Living Area57,819 ft2
Lot Size (Sq.Ft.)72,718
Listing IDAR17225182
StatusActive
Parcel Number5723005034
ZoningCD3
Special ConditionsStandard
Days on Market22

Detailed Description: PASADENA COLLECTION is 80-unit value-add non-rent controlled apartment investment opportunity located in the highly desirable city of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100, demonstrating “VERY WALKABLE” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The portfolio consists of Five (5) apartment buildings that are adjacent to each other: 251 N Oakland Ave (14-units), 265 N Oakland Ave (19-units), 275 N Oakland Ave (12-units), 285 N Oakland Ave (22-units), and 303 N Oakland Ave (13-units). The portfolio is being sold completely vacant in an as-is condition. This presents a clean slate opportunity for value-add investors to acquire a TRUE value-add apartment deal in a Class A location in San Gabriel Valley submarket.

Cooling
Association
Fireplace
Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease
Appliances

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Address Information
Address251 North Oakland Avenue, Pasadena
Street PrefixNorth
Street SuffixAvenue
CityPasadena
Location (MLS Area)647 – Pasadena (SW)
County Or ParishLos Angeles
Postal Code Plus41671
CountryUS
Financial Information
Price per Square Foot$388.97
Price per Lot Square Foot$309.28
Price per Unit$281,100
Tenant PaysSee Remarks
Special ConditionsStandard
Tax Year2017
Full Descriptions
Parcel Number5723005034
Detailed DescriptionPASADENA COLLECTION is 80-unit value-add non-rent controlled apartment investment opportunity located in the highly desirable city of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100, demonstrating “VERY WALKABLE” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The portfolio consists of Five (5) apartment buildings that are adjacent to each other: 251 N Oakland Ave (14-units), 265 N Oakland Ave (19-units), 275 N Oakland Ave (12-units), 285 N Oakland Ave (22-units), and 303 N Oakland Ave (13-units). The portfolio is being sold completely vacant in an as-is condition. This presents a clean slate opportunity for value-add investors to acquire a TRUE value-add apartment deal in a Class A location in San Gabriel Valley submarket.
Lot FeaturesLot Over 40000 Sqft, Lot-Level / Flat
Community FeaturesSuburban
Flooring DescriptionCarpet
Water SourcePublic
UtilitiesSee Remarks
Laundry FeaturesSee Remarks
Heating DescriptionForced Air, See Remarks
Cooling DescriptionSee Remarks
Property ConditionFixer
Accessibility FeaturesNone
Appliances DescriptionNone
Parking FeaturesSee Remarks
Fireplace FeaturesSee Remarks
Common Walls Description2
Pool FeaturesCommunity Pool, See Remarks
Property parameters
Year Built1960
Living Area (Sq.Ft.)57,819 ft2
Lot Size (Sq.Ft.)72,718
Lot Size SourceSee Remarks
Number of Buildings5
Number of Units Total80
ZoningCD3
Stories Total2
Parking Spaces78
Uncovered Spaces4
LevelsTwo
Carport Spaces74
Water SourcePublic
Units Total80
Year Built SourceSee Remarks
Number of Separate Electric Meters80
Number of Separate Gas Meters80
Number of Separate Water Meters5
Listed withHandoko Chen (Growth Investment Group, Inc.)