251 Oakland Avenue Pasadena, CA - 91101

  • Status Active
  • MLS# AR19216600
  • List Price $30,620,000
  • Bedrooms N/A
  • Days On Market 87
  • Acres 1.2102
  • Sq.ft 43627
  • Sale Type Standard
  • Type ResidentialIncome
  • Sub Type Apartment
  • Built Year 1962

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.

Features & Utilities

  • Water Public
  • Sewer Public Sewer
  • Fireplace None
  • Pool None
  • Common Walls 2+ Common Walls
  • Community Urban,Valley
  • Cooling ENERGY STAR Qualified Equipment,High Efficiency,SEER Rated 16+
  • Driving Directions south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
  • Heating ENERGY STAR Qualified Equipment,High Efficiency,Combination
  • Laundry Room Dryer Included,Inside,Washer Included
  • Lot Features Lot Over 40000 Sqft,Irregular Lot,Level,Near Public Transit
  • Carport Spaces 79.00
  • Uncovered Spaces 0.00
  • Operating Expense 469830.00
  • Parking Features Assigned
  • Stories Two
Courtesy of Listing : GIG Real Estate Inc., Handoko Chen

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