CA > Pasadena
Pasadena, CA 91101,262 N Los Robles
Pasadena, CA 91101,262 N Los Robles
Pasadena, CA 91101,262 N Los Robles
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$37,100,000
Est. payment /mo
0.96 Acres Lot
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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

Turnkey, Design Centric Mid-Century Modern 93-unit Apartment in Playhouse Village. Class A Location, Completely Renovated, almost brand-new MEP. All Units fully upgraded, Overparked w/ 173 parking, RUBS in Place. Below replacement cost for an Asset of this quality and location.

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

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CRMLS – RECore
Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com

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