x
Address
285 N Oakland Avenue Pasadena, CA
Price
$ 10,560,000
Property Attributes
  • MLS#AR19215835
  • TypeIncome
  • CountyLOS ANGELES
  • CityPasadena
  • AreaPasadena
  • Zip91101
  • Style
  • Price$ 10,560,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18216
  • Lot Size0.51 Acres
Listing Provided Courtesy Of:
Handoko Chen with GIG Real Estate Inc..
Property Description

285 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 22 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been completely renovated, was built in 1960. It is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of five (5) large 2-bedroom+2-bathroom, three (3) large 2-bedroom+1.5-bathroom, and fourteen (14) 1-bedroom+1-bathroom units. It is separately metered for gas and electric, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. Several 2nd floor units have high-ceiling, and private patios. It has 20 parking spaces and in the back. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades.

Price History
9/9/2019 Listed $10,560,000

General Features

Assessments Buyer to Verify
Attached Structure Attached
Community Features Urban, Valley
Directions south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
Levels Two
Listagentaor Arcadia
Listing Agent Handoko Chen - BRE#01749321
Listing Agent State License 01749321
MLS Area 647 - Pasadena (SW)
Price Per Square Foot 579.71
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Total Units 22
Zoning PSC-

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Cooling ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+
Dishwasher Count 22
Fireplace Features None
Garbage Disposal Count 22
Heating ENERGY STAR Qualified Equipment, High Efficiency, Combination
Heating Y/N Yes
Laundry Features Dryer Included, Inside, Washer Included
Laundry Y/N Yes
Number of Wall ACs 22
Range Count 22
Refrigerator Count 22
Studio Area Unit Type Square Feet
Total Stories 2
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Exterior Features

Building Area Total 18216.00
Carport Spaces 20.00
Garage Spaces 0.00
Lot Features Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit
Lot Size Acres 0.5052
Lot Size Area 22006.0000
Lot Size Source Assessor
Lot Size Square Feet 22006.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 23
Number of Separate Gas Meters 23
Number of Separate Water Meters 1
Parking Features Assigned
Parking Y/N Yes
Pool Features None
Sewer Public Sewer
Total Parking 20.00
Uncovered Spaces 0.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91101

Price
AVG $8.07M
$10.56M
Visits
AVG 48
28
Year Built
AVG 1952
1960
Walkscore
AVG 82
82
Data Provided by Walkscore ® not using MLS data

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