0.96 Acres Lot
0.96 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25259261
Construction Status Turnkey
HOA Y/N No
Year Built 1949
Annual Tax Amount $415,749
Lot Size 0.958 Acres
Property Sub-Type Apartment
Property Description
THE THISTLE – 262 N Los Robles Ave, a Design Centric 93-unit Mid Century modern luxury apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within Pasadena Village District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 89 out of 100, demonstrating “walker's paradise” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property has been completely upgraded from top to bottom between 2018-2020 and provides a turn-key investment offering. It has a superb location south of FWY 210, across the street from Kaiser Permanente Pasadena, and several lots away from The Westin Pasadena. Tenants enjoy walking distance to Paseo Colorado, Pasadena City Hall & Library, Old Town Pasadena, and almost all amenities City of Pasadena has to offer.
The property is a three-story garden style apartment community with an expansive center courtyard on two levels of subterranean parking. The community offers excellent amenities such as Leasing Office, On-site manager, fitness center, BBQ/picnic area, fire pit, controlled access, security cameras, courtyard, dog wash, subterranean parking, secured bike storage, storage units, secured package room with parcel pending lockers, complete convenient towel service, boutique catering kitchen appliances, elevator, and laundry room. The current ownership have completely upgraded the community from top to bottom in 2018-2019 and replaced all the systems which includes: new roof, new mechanical system, new electrical, new plumbing & sewer system, new elevator, new landscaping, new security camera system, new parking gate, new entry system, and others (buyer to verify during inspection), making this property a truly turnkey investment.
The property offers an attractive unit mix with seven (7) 2 bedroom+1 bathroom, fifty-five (55) large 1 bedroom+1 bathroom, seven (7) 1 bedroom+1 bathroom, sixteen (16) studio, and eight (8) small studio/micro units. All the units have been completely upgraded with tastefully design upgrades.
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Interior
Interior Features Balcony, Ceiling Fan(s)
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Freezer, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Water Heater, Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Assigned, Concrete, Covered, Garage, Gated, On Site, Private
Fence Glass, Security, Stucco Wall
Pool None
Community Features Urban, Valley, Gated
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Mountain(s), Neighborhood
Roof Type Asphalt,Flat
Accessibility None
Total Parking Spaces 173
Private Pool No
Building
Lot Description 36-40 Units/Acre, Irregular Lot, Lot Over 40000 Sqft, Landscaped, Level, Near Public Transit, Street Level
Faces West
Story 3
Entry Level Three Or More
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Mid-Century Modern
Level or Stories Three Or More
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 5723005042
Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Gated Community,Resident Manager,Smoke Detector(s),Security Lights
Energy Description 16278.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://www.crexi.com/properties/2252499/california-93-unit-pasadena-village-class-a-asset-in-class-a-location
