Realty Investment Advisors is pleased to present a unique opportunity to acquire an entitled development site for a 23-unit apartment complex located at 130-140 N. Mar Vista Avenue in Pasadena. Expertly designed by the well-known Tighe Architecture firm, the proposed project would include 13 two-bedroom two-bath units, 9 one-bedroom one-bath units, and a studio on-bath unit situated above one level of subterranean parking.
One of the largest hurdles in Pasadena development is getting to the point of approved plans and this project has successfully cleared and secured Final Design Approval. It is now ready for the next phase of construction design drawings and City plan check, en route to obtaining Ready to Issue (RTI) permits status and then start construction. This stage allows a new owner the flexibility to use any or all their own consultants and preferred companies for the CD process.
The design of the building encompasses Pasadena’s architectural heritage and enriches it with a modern touch. The project features ground level resident garden areas as well as a private rooftop garden and deck space. Located on a 15,426 square foot corner lot, the development is designed for efficient use of space and maximum curb appeal.
A huge advantage to a newly constructed property is the exemption from local Pasadena rent control laws, providing an owner with greater operational flexibility. Strategically situated south of the 210 freeway, the location offers easy access to the Metro Gold Line and South Lake Avenue, enhancing its attractiveness to prospective residents in what is already a consistently high demand rental city.
Currently there are multiple structures on the lots that are being rented and generate a monthly income of almost $7,300.
In summary, this is a compelling investment opportunity that combines a prime location, thoughtful design, and operational advantages in a robust rental market.
Realty Investment Advisors is proud to present a rare opportunity for a developer to acquire an 85-unit, seven-story development project situated in the vibrant Westlake district, just minutes away from Downtown Los Angeles. This remarkable offering encompasses three assembled lots, totaling 19,896 square feet of prime land. The proposed development spans an impressive 64,309 square…
FIRST TIME ON THE MARKET IN OVER 20 YEARS! We are pleased to present the opportunity to acquire a turn-key, 7 unit apartment property in one of the most sought after parts of Pasadena. Currently this is the only property, larger than five units, that is available to purchase South of Colorado Blvd. The meticulously…
Realty Investment Advisors is proud to present 1296 South Citrus Avenue, a prime 6 unit investment opportunity in the coveted Mid-Wilshire submarket! This property, boasting 1927 construction, offers a unique blend of vintage charm and modern potential. Situated on a spacious 7,052 square foot corner lot, the subject property features six generously sized one-bedroom, one-bathroom…
Realty Investment Advisors is pleased to introduce for sale 540 N. Orlando, a 17-unit property in the heart of West Hollywood. Offering large unit types in a prime location with walkable retail and dining options, the building consists of an ideal unit mix of (1) 3 bedroom 2 bath unit, (11) two bedroom 2 bath…
Realty Investment Advisors proudly presents 1548 New Avenue, a 10-unit apartment building nestled in prime San Gabriel. Located just three lots from the intersection of Valley Blvd and New Avenue, this property offers unparalleled convenience, being directly across from 168 Market, CVS, Valley Square, and an array of amenities. Along Valley Blvd, you’ll find the…
Don’t miss this rare opportunity to own a one of a kind fourplex in a highly sought after Santa Monica neighborhood! This property boasts a front unit ideal for an owner-user, designed as a spacious 2-level townhouse with all the comforts of a home. The 3 bedroom & 1.5 bath unit features a large master…
We are delighted to present an exceptional, fully vacant eight-unit property in the thriving Westchester neighborhood of Los Angeles. This unique investment opportunity, sprawled across a double-wide lot, consists of two spacious three-bedroom one bath units and six two-bedroom one units, perfect for transformation into high-quality living spaces. Along with its potential for renovation, the…
Introducing an extraordinary urban retreat nestled in the vibrant heart of Sawtelle! This exceptional property comprises two free-standing homes on a corner lot. The front residence, built in 1921, features 2 bedrooms, 1 bathroom, a versatile den and a sunroom. This home offers an in-unit washer/dryer, hardwood floors, and a recently upgraded bathroom. The convenient…
Realty Investment Advisors is pleased to present the sale of 15 W Newman Avenue, an exquisite fourplex nestled in the heart of Arcadia. This property comprises of all two-bedroom, one-bath units, offering a unique opportunity for a buyer to live in one unit while having the other three tenants help pay your mortgage!! With a…
We are pleased to present for sale this 7 unit condo style apartment building in prime Arcadia. Offered for the first time ever on the market by the original owner/developer of the property, this is an extremely rare opportunity for an investor to acquire a 2004 construction quality asset in a thriving rental market. Situated…