ABOUT THE ASSET

PROPERTY DESCRIPTION

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The Los Robles Apartments is a well-maintained, 34-unit apartment building located on a beautiful tree-lined street in Pasadena. The units are an ideal mix of 28 - 1 bed/1 bath units & 4 - 2 bed/1 bath units. The subject property offers investors the unique opportunity to acquire a value-add opportunity with a 38%  upside in rents. Residents of the Los Robles Apartments benefit from access to amenities including: private pool, gated entrance and parking, courtyard with BBQ area and on-site laundry with 3 washers and 3 dryers leased from Coinmach.

SUMMARY

PRICE

PRICE/UNIT

PRICE/SF

GRM

CAP

UNITS

YEAR BUILT

GROSS SF

LOT SF

APN

$8,300,000

$244,118

$368.99

15.94

3.34%

34

1958

22,494

39,930

5838-014-026