858-525-5007

1111 Los Robles, Pasadena CA 91104 | $6,000,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 56508 Lot Sq Ft
  • Type: Apartment
  • Stories: 2
  • Year Built: 1911
  • MLS#: PW24154188
  • Community: 646 - Pasadena (NE)

Listing provided courtesy of Ryan Loria of Triqor Group. Last updated 2024-11-28 09:11:51.000000. Listing information © 2024 SANDICOR.

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]]

More Details

1.3 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985