34.15025 -118.14033

251 303 N Oakland Avenue Pasadena, CA 91101

263878960 34.15025 -118.14033 124 /listing/263878960-150140784/251-303-n-oakland-avenue-pasadena-ca-91101 False 0 14350000 105 AR20035260 False
  • $14,350,000
  • 20,718 lot
  • Est payment $77033.9/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

THE ARROYO COLLECTION, a two-property portfolio totaling 27-unit apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The properties offer an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the SGV. The properties, all of which have been completely renovated and seismically retrofitted, offer a solid mix of courtyard layouts, in-unit laundry and multiple on-site laundry facilities for, and are well-parked with 25 total parking spaces, nearly all of which are covered. The properties are separately metered for gas and electric, and each property is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. A new owner is presented with the security of in-place master leases for both properties.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 20,718 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1954
  • Floors: 2
  • County: Los Angeles County
  • Units: 27
  • Zoning: PSC-
  • MLS Number:AR20035260

Additional Features

  • Heating:
    • Combination
    • ENERGY STAR Qualified Equipment
    • High Efficiency
  • Laundry:
    • Dryer Included
    • Washer Included
    • Inside
  • Levels:
    • Two
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Cooling:
    • ENERGY STAR Qualified Equipment
    • SEER Rated 16+
    • High Efficiency
  • Land Size Source:
    • Assessor
  • Tenant Pays:
    • Electricity
    • Gas
  • Assessments:
    • Buyer to Verify
  • Common Walls:
    • 2+ common walls
  • Lot Features:
    • Near Public Transit
    • Irregular Lot
    • Level
    • Lot Over 40000 Sqft
  • Pool Features:
    • None
  • Property Subtype:
    • Apartment
  • Sewer:
    • Public Sewer
  • Special Conditions:
    • Standard
  • Parking:
    • Assigned
  • Windows:
    • Double Pane Windows
    • ENERGY STAR Qualified Windows
  • Community Features:
    • Valley
    • Urban
  • Fireplace:
    • None
  • Carport Spaces:
    • 25.00
  • CDOM:
    • 86
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 805392.00
  • Gross Operating Income:
    • 805392.00
  • Insurance Expense:
    • 6831.00
  • Listing Key:
    • 364071619
  • Lot Size Acres:
    • 0.4756
  • Lot Size Square Feet:
    • 20718.00
  • Maintenance Exp:
    • 5400.00
  • Net Operating Income:
    • 584713.00
  • Number of Buildings:
    • 2
  • Operating Expense:
    • 220679.00
  • Parking Spaces:
    • 25.00
  • Price Per SQFT:
    • 826.14
  • Tax ID:
    • 5723005043
  • Total Expenses:
    • 220679.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Alice McCain
Alice McCain
GRI, CRS, SRES
9003 Reseda Blvd. #105 Northridge CA 91324
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34.15025 -118.14033

251 303 N Oakland Avenue Pasadena, CA 91101

263878960 34.15025 -118.14033 124 /listing/263878960-150140784/251-303-n-oakland-avenue-pasadena-ca-91101 False 0 14350000 105 AR20035260 False
  • $14,350,000
  • 20,718 lot
  • Est payment $77033.9/mo