285 Oakland Avenue Pasadena, CA - 91101

  • Status Active
  • MLS# AR19215835
  • List Price $10,560,000
  • Bedrooms N/A
  • Days On Market 88
  • Acres 0.5052
  • Sq.ft 18216
  • Sale Type Standard
  • Type ResidentialIncome
  • Sub Type Apartment
  • Built Year 1960

Property Description

285 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 22 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 1960. It is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of five (5) large 2-bedroom+2-bathroom, three (3) large 2-bedroom+1.5-bathroom, and fourteen (14) 1-bedroom+1-bathroom units. 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. Several 2nd floor units have high-ceiling, and private patios. It has 20 parking spaces and 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
  • 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 20.00
  • Uncovered Spaces 0.00
  • Operating Expense 166188.00
  • Parking Features Assigned
  • 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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