$ 6,000,000
1111 N Los Robles Avenue Pasadena, CA 91104
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,000,000
Est. payment /mo
Active
1111 N Los Robles Avenue Pasadena, CA 91104
11,874 SqFt
UPDATED:
07/27/2024 02:11 AM
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
HOA Y/N No
Year Built 1911
Lot Size 1.297 Acres
Acres 1.3
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
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5729030023
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Listed by Ryan Loria • Triqor Group