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777 N Los Robles Ave
Pasadena, CA 91104
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 8,516 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | PSR1 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,516 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | PSR1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Quartz Countertops
ABOUT 777 N LOS ROBLES AVE , PASADENA, CA 91104
The Los Robles Avenue Apartments is located on Los Robles Avenue between Buckeye Street and Ashtabula Street. The property is conveniently located North of the Interstate 210 Freeway and East of Lake Avenue. It is only five minutes away from Old Town Pasadena, one of the most popular business and entertainment districts of San Gabriel Valley. Constructed in 1910 to 1916, the Los Robles Avenue Apartments contain 10 units on a 14,060 square foot lot. The building features one two-story building with pitched composition roofs. The Los Robles Avenue Apartments consist of one two-bedroom/two-bathroom unit, two two-bedroom/one-bathroom units, five one-bedroom/one-bathroom units and two studio units. The building size for this property totals 6,138 square feet with an average unit size of 614 square feet. The Los Robles Avenue Apartments is currently at 100% occupancy rate and can generate a monthly income of $14,100 with potential to increase monthly income to $17,850 with interior renovations. The units have a monthly rent averaging $1,410 per unit. There remains an upside potential in rent with all units being able to generate a monthly rent of $3,750 based on the current rental market. This would lead to an approximately 21% increase in income.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,375 | 500 |
| 1+1 | 5 | $1,200 | 600 |
| 2+1 | 2 | $1,700 | 700 |
| 2+2 | 1 | $1,550 | 738 |
PROPERTY TAXES
| Parcel Number | 5725-028-025 | Improvements Assessment | $725,220 |
| Land Assessment | $1,692,180 | Total Assessment | $2,417,400 |
PROPERTY TAXES
