1111 N Los Robles Avenue Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91104
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,874 sqft
Price per Sqft $505
MLS Listing ID CRPW24154188
Year Built 1911
Lot Size 1.297 Acres
Property Description
We are pleased to present the Los Robles & Douglas Portfolio, a 16-unit apartment community spanned across three connected parcels and 1.3 acres in Pasadena, CA. The properties feature a diverse unit mix of Studios, 1, 2, and 3-bedroom units, garage parking, lush landscaping, and upgraded craftsman-style units. The buildings on Los Robles Ave. may qualify for the Mills Act as they are listed in the National Register of Historical Places. This can significantly reduce property taxes for an investor, thus increasing net operating income (NOI). There is also a tremendous opportunity to convert the units into condos, build additional units, and add ADUs on this vast piece of land, making it a perfect fit for the value-add investor or developer. [[1111 N. Los Robles Ave., Pasadena, CA]] - [[1121 N. Los Robles Ave., Pasadena, CA]] - [[392 Douglas St., Pasadena, CA]]
Location
State CA
County Los Angeles
Area Listing
Zoning PSR3
Interior
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No