Description of 251 N Oakland Avenue, Pasadena, CA 91101

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.

Property Features of 251 N Oakland Avenue, Pasadena, CA 91101

TYPE
Apartment
Year Built
1962
Community
647 - Pasadena (SW)
Stories
2
Features
Washer
Dryer
Parking spaces: 79.00
Lot acreage is: 1.6694
Lot zoned: PSC-
Units in building(s): 80
Leased units: 80
Total square feet: 72718.00
Property style: 2 Story Home
Courtesy of: GIG Real Estate Inc., Handoko Chen

Homes for Sale Nearby 251 N Oakland Avenue, Pasadena, CA 91101

Recent Sales Nearby 251 N Oakland Avenue, Pasadena, CA 91101



Community information and market data Powered by Onboard Informatics. Copyright ©2019 Onboard Informatics. Information is deemed reliable but not guaranteed. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Office License: 02021933
Agent License: 01749321
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable Copyright 2019 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed.

Copyright ©2019 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated: 10/16/2019