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700 Locust St
Pasadena, CA 91101
ALUR · Multifamily Property For Sale
·
51 Units
Investment Highlights
- 51-Unit Boutique Apartment Building in the Heart of Pasadena
- Not Subject to Measure ULA Transfer Tax
- Spacious One and Two-Bedroom Units with Central Heat/Air and Washer/Dryer
- Built in 1987 and Extensively Renovated in 2021
- Recently Passed SB721 Balcony Inspection
- A Compelling Multifamily Investment Opportunity in a Supply-Constrained Market
Property Facts
| No. Units | 51 | Lot Size | 0.78 AC |
| Property Type | Multifamily | Building Size | 48,501 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1987/2021 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Zoning | PSC- | ||
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 48,501 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1987/2021 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | PSC- |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $2,900 | 550 - 814 |
| 2+2 | 38 | $3,575 | 863 - 1,152 |
Property Taxes
| Parcel Number | 5723-009-038 | Improvements Assessment | $8,388,849 |
| Land Assessment | $12,556,212 | Total Assessment | $20,945,061 |
Property Taxes
Parcel Number
5723-009-038
Land Assessment
$12,556,212
Improvements Assessment
$8,388,849
Total Assessment
$20,945,061
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