• $10,560,000
  • 22,006 lot
  • Est payment $56688.36/mo

285 N Oakland Avenue, Pasadena, CA 91101

250101890 34.1508827209473 -118.140342712402 124 /listing/250101890-150130899/285-n-oakland-avenue-pasadena-ca-91101 False 0 10560000.0000 105 AR19215835 False

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

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.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 22,006 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1960
  • Floors: 2
  • County: Los Angeles County
  • Units: 22
  • Zoning: PSC-
  • MLS Number:AR19215835

Additional Features

  • Assessments:
    • Buyer to Verify
  • Common Walls:
    • 2+ common walls
  • Community Features:
    • Urban
    • Valley
  • Cooling:
    • ENERGY STAR Qualified Equipment
    • High Efficiency
    • SEER Rated 16+
  • Electric:
    • Standard
  • Fireplace:
    • None
  • Heating:
    • Combination
    • ENERGY STAR Qualified Equipment
    • High Efficiency
  • Land Size Source:
    • Assessor
  • Laundry:
    • Dryer Included
    • Inside
    • Washer Included
  • Levels:
    • Two
  • Lot Features:
    • Level
    • Lot 20000-39999 Sqft
    • Near Public Transit
    • Rectangular Lot
  • Parking:
    • Assigned
  • Pool Features:
    • None
  • Property Subtype:
    • Apartment
  • Sewer:
    • Public Sewer
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Utilities:
    • Cable Connected
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Carport Spaces:
    • 20.00
  • CDOM:
    • 159
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 567600.00
  • Gross Operating Income:
    • 567600.00
  • Insurance Expense:
    • 5566.00
  • Listing Key:
    • 363399646
  • Lot Size Acres:
    • 0.5052
  • Lot Size Square Feet:
    • 22006.00
  • Net Operating Income:
    • 401412.00
  • Number of Buildings:
    • 1
  • Operating Expense:
    • 166188.00
  • Parking Spaces:
    • 20.00
  • Price Per SQFT:
    • 579.71
  • Tax ID:
    • 5723005034
  • Total Expenses:
    • 166188.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
34.1508827209473 -118.140342712402

285 N Oakland Avenue Pasadena, CA 91101

250101890 34.1508827209473 -118.140342712402 124 /listing/250101890-150130899/285-n-oakland-avenue-pasadena-ca-91101 False 0 10560000.0000 105 AR19215835 False
  • $10,560,000
  • 22,006 lot
  • Est payment $56688.36/mo