1299 E Green ST, Pasadena, CA 91106
1299 E Green ST, Pasadena, CA 91106
1299 E Green ST, Pasadena, CA 91106
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$25,000,000
Est. payment /mo
91 Baths
62,683 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 62,683 sqft

Price per Sqft $398

MLS Listing ID 26865683

HOA Y/N No

Year Built 2009

Lot Size 0.589 Acres

Property Description

Green Street Apartments presents a rare value-add investment opportunity in Pasadena, comprising 90 residential units and approximately 1,500 square feet of street-front retail. The property features structured parking, a swimming pool, fitness center and resident amenities while generating established in-place cash flow. The residential units are subject to affordability requirements. Current ownership is renovating units and achieving approximately $200 per month in additional rent within applicable regulatory limits, demonstrating further upside through continued unit renovations, modernization of common areas, ancillary revenue growth and operating efficiencies. Danbi Coffee, a beloved specialty cafe known for its minimalist design, curated coffee program, and serene atmosphere. With several locations across Southern California, Danbi Coffee brings a refined and welcoming presence to the neighborhood, serving as a community gathering spot and enhancing the property's cultural and commercial appeal.Pasadena itself is a city celebrated for its cultural richness and historic charm. Home to the world-famous Rose Bowl Parade, held every New Year's Day, Pasadena draws thousands to witness the pageantry of elaborate floats and musical performances. Beyond the festivities, Colorado Boulevard serves as a vibrant commercial corridor, lined with boutiques, cafes, and one-of-a-kind shops that reflect the city's eclectic spirit.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSC-

Interior

Heating Central

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Exterior

Parking Features Underground, Side By Side

Pool Community

Community Features Pool

Total Parking Spaces 56

Private Pool No

Building

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5735001032

Acceptable Financing Cash, Submit

Listing Terms Cash, Submit

Special Listing Condition Standard

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Listed by Lee Johnson Berkshire Hathaway HomeServices California Properties #01259992

NEARBY SCHOOL & BUSINESS

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