34.15025 -118.14033

251 N Oakland Avenue Pasadena, CA 91101

250101896 34.15025 -118.14033 124 /listing/250101896-150201580/251-n-oakland-avenue-pasadena-ca-91101 False 0 7150000.0 105 AR19215754 False
  • $7,150,000
  • 9,785 lot
  • Est payment $38382.75/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

251 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 14 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 properties offer 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 1954 and offers an attractive mix of courtyard layouts, in-unit laundry. 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 12 subterranean parking spaces and a common area in the back.All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, new windows, state of the art mini-split HVAC systems, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 9,785 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1954
  • Floors: 2
  • County: Los Angeles County
  • Units: 14
  • Zoning: PSC-
  • MLS Number:AR19215754

Additional Features

  • Cooling:
    • Electric
    • High Efficiency
    • SEER Rated 16+
  • Flooring:
    • See Remarks
  • Laundry:
    • Dryer Included
    • Inside
    • Washer Included
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Irregular Lot
    • Level
    • Level with Street
    • Near Public Transit
  • Pool Features:
    • None
  • Spa:
    • None
  • Carport Spaces:
    • 12.00
  • Parking:
    • Assigned
  • Parking Spaces:
    • 12.00
  • Heating:
    • Combination
    • ENERGY STAR Qualified Equipment
    • High Efficiency
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Accessibility Features:
    • See Remarks
  • Community Features:
    • Urban
    • Valley
  • Number of Buildings:
    • 1
  • Gross Income:
    • 399336.00
  • Net Operating Income:
    • 286174.00
  • CDOM:
    • 204
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 399336.00
  • Insurance Expense:
    • 3542.00
  • Listing Key:
    • 363399216
  • Lot Size Acres:
    • 0.2246
  • Lot Size Square Feet:
    • 9785.00
  • Operating Expense:
    • 113162.00
  • Price Per SQFT:
    • 927.13
  • Tax ID:
    • 5723005043
  • Total Expenses:
    • 113162.00
Neighborhood info courtesy of Homes.com © 2020

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$38,769.95*
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Gail McClendon
Gail McClendon
Realtor Specialist
27802 Vista Del Lago, E2 Mission Viejo CA 92692
34.15025 -118.14033

251 N Oakland Avenue Pasadena, CA 91101

250101896 34.15025 -118.14033 124 /listing/250101896-150201580/251-n-oakland-avenue-pasadena-ca-91101 False 0 7150000.0 105 AR19215754 False
  • $7,150,000
  • 9,785 lot
  • Est payment $38382.75/mo