251 Oakland Avenue Pasadena, CA - 91101

  • Status Active
  • MLS# AR19215754
  • List Price $7,150,000
  • Bedrooms N/A
  • Days On Market 39
  • Acres 0.2246
  • Sq.ft 7712
  • Sale Type Standard
  • Type ResidentialIncome
  • Sub Type Apartment
  • Built Year 1954

Property Description

251 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 14 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled 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 San Gabriel Valley. The property, which has been completely renovated, was built in 1954 and offers an attractive mix of courtyard layouts, in-unit laundry. It is separately metered for gas and electric, 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. It has 12 subterranean parking spaces and a common area in the back. 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.

Features & Utilities

  • Water Public
  • Sewer Public Sewer
  • Pool None
  • Accessibility See Remarks
  • Common Walls 2+ Common Walls
  • Community Urban,Valley
  • Cooling Electric,High Efficiency,SEER Rated 16+
  • Driving Directions south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
  • Flooring See Remarks
  • Heating ENERGY STAR Qualified Equipment,High Efficiency,Combination
  • Laundry Room Dryer Included,Inside,Washer Included
  • Lot Features Level with Street,Irregular Lot,Level,Near Public Transit
  • Carport Spaces 12.00
  • Uncovered Spaces 0.00
  • Operating Expense 113162.00
  • Parking Features Assigned
  • Spa Description None
  • Stories Two
  • Utilities Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Courtesy of Listing : GIG Real Estate Inc., Handoko Chen

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