Green Street Apartments presents a rare value-add investment opportunity in Pasadena, comprising 90 residential Studio units and approximately 1,500 square feet of street-front retail. The property features structured parking, a swimming pool, fitness center and resident amenities while generating established in-place cash flow. The residential component includes 81 moderate-income units and nine lower-income units subject to long-term affordability requirements. Current ownership is renovating units and achieving approximately $200 per month in additional rent within applicable regulatory limits, demonstrating further upside through continued unit renovations, modernization of common areas, ancillary revenue growth and operating efficiencies.