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    735 N Los Robles Avenue

    Pasadena, CA 91104
    • $3,180,000
    • STATUS: Active
    • ON SITE: 95 days
    • ID#: 820001263
    Price Reduced
    UPDATED: 48 min ago
    $3,180,000
    • 0
      BEDS
    • 0.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Located on North Los Robles Avenue in Pasadena, California, this 10-unit apartment complex is a great investment opportunity for a new buyer looking for day one cash flow and the ability to redevelop an existing portion of the property.Currently, the property maintains (7) 1 bed / 1 bath, (2) - 2 bed / 1 bath, and (1) - 2 bed / 2 bath units offering +/-7,825 of building SF on a +/-25,347 SF lot. With current zoning of RM-32, a new buyer will have the ability to add up to nine units to the investment opportunity.With the asset's location directly across the street from Baja Ranch Market and easy access to Old Town Pasadena, Rose Bowl, The Paseo, Shops on Lake, and 210 Freeway, this asset is strategically located for huge future growth in potential rent.

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    Based on information from CRISNet MLS as of 2020-07-11T21:55:58.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-11T21:55:58.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/104863866
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    735 N Los Robles Avenue Pasadena, CA 91104

    • Price: $3,180,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: 820001263
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.58
    Acres
    1906
    Built
    Neighborhood:
    Not Applicable - 1007242
    County:
    Los Angeles
    Area:
    646 - Pasadena (Ne)
    Property Description
    Located on North Los Robles Avenue in Pasadena, California, this 10-unit apartment complex is a great investment opportunity for a new buyer looking for day one cash flow and the ability to redevelop an existing portion of the property.Currently, the property maintains (7) 1 bed / 1 bath, (2) - 2 bed / 1 bath, and (1) - 2 bed / 2 bath units offering +/-7,825 of building SF on a +/-25,347 SF lot. With current zoning of RM-32, a new buyer will have the ability to add up to nine units to the investment opportunity.With the asset's location directly across the street from Baja Ranch Market and easy access to Old Town Pasadena, Rose Bowl, The Paseo, Shops on Lake, and 210 Freeway, this asset is strategically located for huge future growth in potential rent.
    Exterior Features

    Levels Two Lot Size Area 25347.0000 Parking Features AssignedCarport Parking Total 13.00 Parking YN Yes

    Interior Features

    Flooring Laminate

    Property Features

    Gross Multiplier 15.46 Insurance Expense 4232.00 Land Lease YN No Maintenance Expense 8065.00 Net Operating Income 139702.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 2 Number Of Units Leased 10 Operating Expense 61922.83 Property Attached YN Yes Special Listing Conditions Standard Subdivision Name Other Not Applicable - 1007242 Tax Annual Amount 33581.00 Tenant Pays ElectricityGas Trash Expense 2819.00 Zoning Rm-32

    Listing provided courtesy of Casey Picard, CA DRE# , of Keller Williams Realty.


    Based on information from CRISNet MLS as of 2020-07-11T21:55:58.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-11T21:55:58.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355