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119 Los Robles Ave 50 Unit Apartment Building $30,000,000 ($600,000/Unit) 4.66% Cap Rate Pasadena, CA 91101
EXECUTIVE SUMMARY
Mapped for 50-unit condos. Investors delight! Rare opportunity to acquire a 50-unit luxury condominium building in a highly sought-after Pasadena location, just a short walk to Old Town Pasadena, renowned for its premier dining, shopping, and entertainment. The five-story mixed-use property features a well-balanced unit mix and 3,140 SF of ground-floor retail, enhancing both income stability and long-term value. The building consists of4 Studios, 34 One-Bedroom / One-Bath, 9 Two-Bedroom / Two-Bath, 3 Three-Bedroom / Two-Bats. Unit amenities: In-unit washer/dryer hook-ups, Central HVAC, Private patio or balcony (select units), Stainless-steel appliance package, including Refrigerator, Microwave, Gas range, Vent hood. Immediate access to major retail, restaurants, and entertainment, Convenient freeway access to I-210 and I-110, providing strong regional connectivity. This asset offers a compelling combination of prime location, modern amenities, and diversified unit mix, ideal for investors seeking long-term appreciation and stable cash flow in one of Southern California’s most desirable submarkets.
Building size 50536 SF. Lot size: 18,731 SF. Built in 2015.
Sellers will review all good offers with proof of fund. Please contact Real Estate Agent
Charles at 626-373-7388. Submit on or by January 23, 2025
Building size 50536 SF. Lot size: 18,731 SF. Built in 2015.
Sellers will review all good offers with proof of fund. Please contact Real Estate Agent
Charles at 626-373-7388. Submit on or by January 23, 2025
PROPERTY FACTS
| Price | $30,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $600,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 4.66% | Building Size | 50,536 SF |
| No. Units | 50 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Parking Ratio | 0.16/1,000 SF |
| Zoning | PSC- - Commercial | ||
| Price | $30,000,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 50,536 SF |
| No. Stories | 5 |
| Year Built | 2015 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | PSC- - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Bicycle Storage
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 462 |
| 1+1 | 34 | - | 780 |
| 2+2 | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5722-030-110 | Improvements Assessment | $651,086 |
| Land Assessment | $710,274 | Total Assessment | $1,361,360 |
PROPERTY TAXES
Parcel Number
5722-030-110
Land Assessment
$710,274
Improvements Assessment
$651,086
Total Assessment
$1,361,360
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119 Los Robles Ave
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