262 N Los Robles Ave | Pasadena, CA 91101
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- LoopNet Team
262 N Los Robles Ave
Pasadena, CA 91101
THISTLE - 93-unit Class A Location · Multifamily Property For Sale
·
93 Units
INVESTMENT HIGHLIGHTS
- Design Centric Mid-Century Modern apartment in the heart of Pasadena (Turn-key and fully upgraded luxury apartment community)
- Large lot size ±41,712SF with high density zoning CD-3; Total building size ±55,435 SF does not include parking structure square footage
- Multi-generational property for hold and cash-flow strategy; Excellent Upside potential through more efficient management
- Below replacement costs for Class-A Asset of this quality and location; Top-down renovations have been completed in 2018-2019!
- In the heart of Pasadena where most of the actions and new developments are taking place - Walk Score 89, Bike Score 87!
- Overparked building with total of 173 parking spaces; Parking structure was completed in 1984 – no soft story retrofit is required (buyer to verify)
PROPERTY FACTS
| No. Units | 93 | Building Size | 55,435 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1949/2020 |
| Building Class | A | Parking Ratio | 3.12/1,000 SF |
| Lot Size | 0.96 AC | ||
| Zoning | PSC- - Walnut Housing subdistrict within the Central District zoning plan, which focuses on higher-density, mixed-use housing development | ||
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.96 AC |
| Building Size | 55,435 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built/Renovated | 1949/2020 |
| Parking Ratio | 3.12/1,000 SF |
| Zoning | PSC- - Walnut Housing subdistrict within the Central District zoning plan, which focuses on higher-density, mixed-use housing development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Sauna
- Security System
- Gated
- Grill
- Package Service
- Pet Play Area
- Trash Pickup - Door to Door
- Walking/Biking Trails
- Bicycle Storage
- Car Charging Station
- Elevator
- Online Services
- Pet Washing Station
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | 220 - 500 |
| 1+1 | 62 | - | 560 - 700 |
| 2+1 | 7 | - | 815 |
PROPERTY TAXES
| Parcel Number | 5723-005-042 | Improvements Assessment | $10,866,270 |
| Land Assessment | $15,929,609 | Total Assessment | $26,795,879 |
PROPERTY TAXES
Parcel Number
5723-005-042
Land Assessment
$15,929,609
Improvements Assessment
$10,866,270
Total Assessment
$26,795,879
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