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420 N Los Robles Avenue

Pasadena, CA 91101
  • $3,120,000
  • STATUS: ACTIVE
  • ON SITE: 72 Days
  • ID#: PF23180962
UPDATED: 39 min ago
$3,120,000
  • 5
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

420 North Los Robles Avenue is a charming 12-unit apartment in Pasadena that is being offered for sale for the first time in over four decades. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Oakland Avenue and east of North Euclid Avenue. It boasts an 85 Walk Score and a 95 Bike Score. The property comprises two two-story buildings on a raised foundation. The front building contains eight units and was built in 1924. The back building, which has a pitched roof composition, has four units and was built in 1890/1926. The buildings total 5,747 square feet. It is situated on a 10,809 square foot lot. The front building is composed of eight studios, and the back building is composed of two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/one-and-a-half-bathroom unit. Three of these four units have been recently renovated with vinyl flooring, new cabinets, granite countertops, recessed lighting, microwaves, refinished shower and tub, ceiling fans, and new windows. The main line for these four units in the back was replumbed last year. The entire property also has new subpanels and copper plumbing. The roof on the back building was replaced two years ago and the roof in the front building was replaced within the past ten years. Both buildings are master metered for gas & electricity. The front building has a 100 gallon central water heater while the back building utilizes two water heaters, one of which was replaced this year. The property offers nine open parking 420 North Los Robles Avenue is a charming 12-unit apartment in Pasadena that is being offered for sale for the first time in over four decades. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Oakland Avenue and east of North Euclid Avenue. It boasts an 85 Walk Score and a 95 Bike Score. The property comprises two two-story buildings on a raised foundation. The front building contains eight units and was built in 1924. The back building, which has a pitched roof composition, has four units and was built in 1890/1926. The buildings total 5,747 square feet. It is situated on a 10,809 square foot lot. The front building is composed of eight studios, and the back building is composed of two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/one-and-a-half-bathroom unit. Three of these four units have been recently renovated with vinyl flooring, new cabinets, granite countertops, recessed lighting, microwaves, refinished shower and tub, ceiling fans, and new windows. The main line for these four units in the back was replumbed last year. The entire property also has new subpanels and copper plumbing. The roof on the back building was replaced two years ago and the roof in the front building was replaced within the past ten years. Both buildings are master metered for gas & electricity. The front building has a 100 gallon central water heater while the back building utilizes two water heaters, one of which was replaced this year. The property offers nine open parking spaces. Buyer to verify all information provided.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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420 N Los Robles Avenue Pasadena, CA 91101

  • Price: $3,120,000
  • Status: ACTIVE
  • On Site: 72 Days
  • Updated: 39 min ago
  • ID#: PF23180962
5
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
Pasadena (91101)
County:
Los Angeles
Area:
Pasadena (91101)
Property Description
420 North Los Robles Avenue is a charming 12-unit apartment in Pasadena that is being offered for sale for the first time in over four decades. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Oakland Avenue and east of North Euclid Avenue. It boasts an 85 Walk Score and a 95 Bike Score. The property comprises two two-story buildings on a raised foundation. The front building contains eight units and was built in 1924. The back building, which has a pitched roof composition, has four units and was built in 1890/1926. The buildings total 5,747 square feet. It is situated on a 10,809 square foot lot. The front building is composed of eight studios, and the back building is composed of two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/one-and-a-half-bathroom unit. Three of these four units have been recently renovated with vinyl flooring, new cabinets, granite countertops, recessed lighting, microwaves, refinished shower and tub, ceiling fans, and new windows. The main line for these four units in the back was replumbed last year. The entire property also has new subpanels and copper plumbing. The roof on the back building was replaced two years ago and the roof in the front building was replaced within the past ten years. Both buildings are master metered for gas & electricity. The front building has a 100 gallon central water heater while the back building utilizes two water heaters, one of which was replaced this year. The property offers nine open parking 420 North Los Robles Avenue is a charming 12-unit apartment in Pasadena that is being offered for sale for the first time in over four decades. It has a stable operating history and is strategically located on the first block north of the 210 Freeway. It is west of North Oakland Avenue and east of North Euclid Avenue. It boasts an 85 Walk Score and a 95 Bike Score. The property comprises two two-story buildings on a raised foundation. The front building contains eight units and was built in 1924. The back building, which has a pitched roof composition, has four units and was built in 1890/1926. The buildings total 5,747 square feet. It is situated on a 10,809 square foot lot. The front building is composed of eight studios, and the back building is composed of two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one two-bedroom/one-and-a-half-bathroom unit. Three of these four units have been recently renovated with vinyl flooring, new cabinets, granite countertops, recessed lighting, microwaves, refinished shower and tub, ceiling fans, and new windows. The main line for these four units in the back was replumbed last year. The entire property also has new subpanels and copper plumbing. The roof on the back building was replaced two years ago and the roof in the front building was replaced within the past ten years. Both buildings are master metered for gas & electricity. The front building has a 100 gallon central water heater while the back building utilizes two water heaters, one of which was replaced this year. The property offers nine open parking spaces. Buyer to verify all information provided.
Exterior Features

Pool N/K

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 2

Property Features

Actual Cap Rate 4.63 Annual Expense Actual 83892 Buildings 2 Cfd Mello Roos Fee 2399.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 13.25 Gross Scheduled Income Actual 235440 Home Owners Fees 0.0 Monthly Total Fees 199 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1386.0 Unit2 Rent Actual 1766.0 Unit3 Rent Actual 2450.0 Unit4 Rent Actual 2550.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Andy Chan of Keller Williams Realty: 626-321-7410. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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