700 Locust St | Pasadena, CA 91101
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- LoopNet Team
700 Locust St
Pasadena, CA 91101
ALUR · Multifamily Property For Sale
·
52 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.
PROPERTY FACTS
| No. Units | 52 | 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 | 1987 |
| Building Class | C | Parking Ratio | 1.63/1,000 SF |
| Zoning | PSC- | ||
| No. Units | 52 |
| 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 |
| 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 | 39 | $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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