265 N Oakland Ave | Pasadena, CA 91101
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- LoopNet Team
265 N Oakland Ave
Pasadena, CA 91101
Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- Renovated Asset located in Pasadena’s Playhouse District
- Master Lease in Place – Offers 100% Collections, Zero Vacancies, and up to 5% Annual Rent Increases Until June 2026
- Master Lease Allows for Minimized Management Responsibilities and Below Market Expenses
- Excellent Walkability just Steps from All Retail Amenities along Colorado Blvd
- 3, 1-Year Option Periods with Increases through 2029
- Ample On-Site Parking with ADU Possibilities via Vacant Carports
PROPERTY FACTS
| No. Units | 19 | Building Size | 14,192 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1962/2018 |
| Building Class | B | Parking Ratio | 1.34/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | CD-3 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 14,192 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2018 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | CD-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Stainless Steel Appliances
- Patio
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Gated
- Video Patrol
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | $3,043 | 664 |
| 2+2 | 4 | $3,043 | 1,065 |
PROPERTY TAXES
| Parcel Number | 5723-005-036 | Improvements Assessment | $4,412,031 |
| Land Assessment | $10,469,231 | Total Assessment | $14,881,263 |
PROPERTY TAXES
Parcel Number
5723-005-036
Land Assessment
$10,469,231
Improvements Assessment
$4,412,031
Total Assessment
$14,881,263
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