251 N Oakland Avenue Pasadena, CA 91101

$40,300,000 

251 N Oakland Avenue

 
Year Built: 1962
Land: 1.67 acres (approx.)
MLS ID: AR19216600
THE ARROYO COLLECTION is 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 Arroyo Collection consists of five (5) two-story multifamily properties totaling 80 units. The properties, all of which have been completely renovated and seismically retrofitted, offer a solid mix of courtyard layouts, in-unit laundry and multiple on-site laundry facilities for, and are well-parked with 79 total parking spaces. The properties are separately metered for gas and electric, and each property 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. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades. A new owner is presented with the security of in-place master leases for all five (5) properties. Given its excellent real estate fundamentals, which include desirable non rent-controlled status, complete renovation, full seismic retrofitting, and an unbeatable location, the Arroyo Collection is an unparalleled investment for an investor seeking stable risk-adjusted returns, wealth preservation, and a hedge against inflation.


 
 
Listing Courtesy of:
GIG Real Estate Inc.
Handoko Chen
mes1448236800

Interior Features

Design Features
Fireplace(s): None
Heating & Cooling
ENERGY STAR Qualified Equipment
High Efficiency
SEER Rated 16+
Combination

Exterior Features

Type of Property
ResidentialIncome
Garage/Parking
Attached Garage Bays:
Attached Parking Bays: Assigned
Parking Lot Bays: 79.00
Assigned
Other Features
None

Property/Lot Details

Lot Location
Lot Over 40000 Sqft
Irregular Lot
Level
Near Public Transit
This material is based upon information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. EQUAL HOUSING OPPORTUNITY
 
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