Request Offering Memorandum

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100 S Grand Oaks Avenue

Pasadena, CA. 91107

GRAND OAKS APARTMENTS 

Turn-Key Property

Call us! 626.204.3300

ABOUT THE ASSET

PROPERTY DESCRIPTION

The Grand Oaks Apartments are located in central Pasadena south of Colorado Blvd. This +/- 4,934 sqft building is a 2-story, wood frame/stucco building with a torch down roof (replaced in 2007) and a raised foundation. The asphalt driveway and parking was redone approximately 2 years ago. All 6 units have their original oak hardwood floors refinished. The prior owner re-piped the building with copper pipes in 2003 and the current owner has upgraded all units with the following: kitchens have new cabinets, granite counters, tile backsplash, refrigerators, stoves/ranges with a built-in microwave above the stove, fixtures
and tile floors; bathrooms, new fixtures, toilets, tile showers and floors. All units have new white vinyl windows and sliders. All kitchens have gas stoves/ovens, refrigerators and garbage disposals. All units have wall A/C, gas wall heating and a private balcony or patio. There are 6 detached carports in the rear, roof was replaced in 2007 and there is 1 washer and 1 dryer which are owned by the landlord.

SUMMARY
PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$2,300,000
$383,333
$466.15
16.75
3.71%
6
1961
4,934
8,764
5747-006-033

Six 2 bedroom / 1 bathroom units

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805