265 Oakland Avenue Pasadena, CA - 91101

  • Status Active
  • MLS# AR19215797
  • List Price $10,420,000
  • Bedrooms N/A
  • Days On Market 72
  • Acres 0.4592
  • Sq.ft 14192
  • Sale Type Standard
  • Type ResidentialIncome
  • Sub Type Apartment
  • Built Year 1962

Property Description

265 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 19 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 property offers 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 1962 is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of four (4) large 2-bedroom+2-bathroom, and fifteen (15) 1-bedroom+1-bathroom units. Each unit is complete with an in-unit laundry and private patio. 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 19 parking spaces in the back. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades.

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
  • Flooring See Remarks
  • Heating ENERGY STAR Qualified Equipment,High Efficiency,Combination
  • Laundry Room Dryer Included,Inside,Washer Included
  • Lot Features Lot 20000-39999 Sqft,Rectangular Lot,Level,Near Public Transit
  • Carport Spaces 19.00
  • Operating Expense 160297.00
  • 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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