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700 Locust St
Pasadena, CA 91101
ALUR · Multifamily Property For Sale
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51 Units
Investment Highlights
- Investment Opportunity with rare chance to acquire a stabilized asset in a highly sought-after market.
- Stabilized Asset Proven track record of success with a history of strong occupancy.
- Excellent Condition Pride of ownership asset to ensure a high level of resident satisfaction.
- Extensively Renovated Built in 1987 with significant capital improvements made in 2021.
- Attractive Unit Mix The 51-units average ±951 square feet.
- Prime Location Situated on the cusp of the Pasadena Playhouse District.
Executive Summary
CBRE, as exclusive advisor is pleased to introduce the opportunity to acquire the ALUR Apartments, a 51-unit apartment building located Pasadena, California. This beautifully renovated asset offers a rare opportunity to acquire a stabilized, high-quality apartment community in a highly sought-after submarket. With its excellent location in a desirable neighborhood, and proven track record of success, ALUR is poised to deliver strong returns for investors.
Property Facts
| No. Units | 51 | Building Size | 48,501 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1987 |
| Apartment Style | Low-Rise | Parking Ratio | 1.63/1,000 SF |
| Building Class | C | APN / Parcel ID | 5723-009-038 |
| Lot Size | 0.78 AC | ||
| 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 | 1987 |
| Parking Ratio | 1.63/1,000 SF |
| APN / Parcel ID | 5723-009-038 |
| 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
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