262 N Los Robles Ave - Apartments FOR SALE
Pasadena, CA 91101 |
262 N Los Robles Ave
Pasadena, CA 91101
HIGHLIGHTS
- Design Centric Mid-Century Modern apartment in the heart of Pasadena (Turn-key and fully upgraded luxury apartment community)
- Below replacement costs for Class-A Asset of this quality and location; Top-down renovations have been completed in 2018-2019!
- Large lot size ±41,712SF with high density zoning CD-3; Total building size ±55,435 SF does not include parking structure square footage
- In the heart of Pasadena where most of the actions and new developments are taking place - Walk Score 89, Bike Score 87!
- Multi-generational property for hold and cash-flow strategy; Excellent Upside potential through more efficient management
- Overparked building with total of 173 parking spaces; Parking structure was completed in 1984 – no soft story retrofit is required (buyer to verify)
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
THISTLE - 93-unit Class A Location
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
55435
STORIES
3
YEAR BUILT
1949
PARKING SPACES
173
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5723-005-042
