310-550-2529
700 Locust St, Pasadena, CA for Sale
Apartments - FOR SALE
1/8
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700 Locust St
Pasadena, CA 91101
Playhouse Village


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

Request Info for Price

# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALUR

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

79

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,894 SF

ZONING

-

APN/PARCEL ID

5723-009-038

ASK ABOUT THIS PROPERTY

Kamran PaydarCBRE, Inc.More Info
310-550-2529

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Kamran PaydarCBRE, Inc.More Info
310-550-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.