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275 N Oakland Ave, Pasadena, CA 91101
0 Beds
0 Baths
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275 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 12 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 1956. It is a two-story garden style apartment with an excellent curb appeal. It offers a good unit mix of nine (9) large 1-bedroom+1-bathroom, and three (3) studio 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. It has 11 parking spaces in the back and 2 spaces in the front. 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:
  • $5,710,000
  • Acreage:
  • 0.23
  • Year Built:
  • 1956
  • Listing ID #:
  • AR19215809
  • Street Address:
  • 275 N Oakland Ave
  • City:
  • Pasadena
  • State:
  • California
  • Postal Code:
  • 91101
  • County:
  • Los Angeles
  • Community:
  • Pasadena (sw)
  • Listing Status:
  • Active
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 12
  • Stories:
  • 2
  • Total # Of Buildings:
  • 1
  • Unit Total # Of Garages:
  • 13.00
  • Year Built:
  • 1956
  • Year Built Source:
  • Assessor
  • Annual Insurance Expenses:
  • 3036.00
  • Annual Trash Expenses:
  • 6580.00
  • Annual Water/Sewer Expenses:
  • 4362.00
  • Expenses:
  • 98058.00
  • Gross Income:
  • 326256.00
  • Net Operating Income:
  • 228199.00
  • Operating Expense:
  • 98058.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Psc-
  • Lot Features:
  • Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Square Footage:
  • 9994.00
  • Community Features:
  • Urban, Valley
  • Other Fees:
  • Buyer To Verify
  • Price Per Square Foot:
  • 710.11
  • Tenant Pays:
  • Electricity, Gas
  • Laundry:
  • 1
  • Laundry Description:
  • Dryer Included, Inside, Washer Included
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 13.00
  • Cooling System:
  • Energy Star Qualified Equipment, High Efficiency, Seer Rated 16+
  • Electricity:
  • Standard
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Energy Star Qualified Equipment, High Efficiency, Combination
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Handoko Chen of Gig Real Estate Inc.
  • CRMLS

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