700 Locust St - Apartments CONDO FOR SALE
Pasadena, CA 91101 |
700 Locust St
Pasadena, CA 91101
HIGHLIGHTS
- Investment Opportunity with rare chance to acquire a stabilized asset in a highly sought-after market.
- Extensively Renovated Built in 1987 with significant capital improvements made in 2021.
- Stabilized Asset Proven track record of success with a history of strong occupancy.
- Attractive Unit Mix The 51-units average ±951 square feet.
- Excellent Condition Pride of ownership asset to ensure a high level of resident satisfaction.
- Prime Location Situated on the cusp of the Pasadena Playhouse District.
OVERVIEW
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.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
ALUR
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
52934
STORIES
3
YEAR BUILT
1987
PARKING SPACES
79
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5723-009-038
