285 N Oakland Ave
Pasadena, CA 91101
Multifamily Property For Sale · 22 Units

The Growth Investment Group is proud to offer 285 N Oakland Ave, a 22-unit value-add non-rent controlled apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100, demonstrating “VERY WALKABLE” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. Built in 1960, the property is a two-story garden style apartment with an attractive center courtyard, a swimming pool and an excellent curb appeal. The property offers a superb unit mix of six (6) large 2-bedroom+2-bathroom, two (2) 2-bedroom+1-1/2-bathroom and fourteen (14) large 1-bedroom+1-bathroom units. Each unit is large and bright with excellent layout. The 2-bedroom units are large and bright with an attractive and functional layout. Several 2nd floor front units have pitched ceiling, large windows with views and private balcony/patio. Each unit is separately metered for electricity and gas. Parking is provided by 20 spaces in the back (12 carport and 8 tuck-under parking). The property is being sold completely vacant in an as-is condition. This presents a clean slate opportunity for value-add investors to acquire a TRUE value-add apartment deal in a Class A location in San Gabriel Valley submarket.