$ 6,000,000
1111 1121 N Los Robles AVE Pasadena, CA 91104
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$ 6,000,000
Est. payment | /mo
1.3 Acres Lot
$ 6,000,000
Est. payment | /mo
1.3 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24154188
HOA Y/N No
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 646 - Pasadena (Ne)
Zoning PSR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Carport Spaces 1
Garage Description 7.0
Pool None
Community Features Sidewalks
Total Parking Spaces 32
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5729030023
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Ryan Loria • Triqor Group • 949-756-3232