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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
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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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