$6,000,000
- Beds
- Unknown
- sq ft
- 11,874
1111 1121 N Los Robles Ave, Pasadena, CA 91104
1111 1121 N Los Robles Ave
Pasadena, CA 91104
- 119 days on market
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]]
Details
Property type
Apartment
Lot size
1.2972 acres
Price per sq ft
$506
Year built
1911
Price History
07/26/2024
CRMLS #PW24154188
Listed
$6,000,000
Schools & Community
Neighborhood:
North Central
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 11/22/2024 at 3:50 PM
Listing updated: 09/30/2024 at 12:09 PM
Listed by: Ryan Loria, Triqor Group Phone #: (949) 756-3232
MLS: CRMLS #PW24154188
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