$6,000,000
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N Los Robles Avenue Avenue Pasadena, CA 91104
Apartment
Residence
Beds
Baths
...
Bed/Bath
11,874
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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]]
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MLS#
PW24154188
Property Type
Apartment
Year Built
1911
Square Feet
11,874
sq. ft
Lot Size
1.3
Stories
2.0
Sewer
Public Sewer
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