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 pleased to present the sale of 16 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…
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 fantastic 6-unit property in one of the best rental areas of Pasadena with excellent rental income. The Playhouse District boasts a WALKER’S PARADISE score with its close proximity to restaurants, retail and S. Lake Ave. The property features remodeled interiors, FULL copper plumbing and W/D inside units…
Realty Investment Advisors is excited to present 5631 Sultana, an exclusive 10-unit compound with development potential in prime Temple City. Situated on a sprawling 22,320 square foot lot zoned R3, this property consists of seven structures with an exceptional unit mix featuring one standalone 3-bedroom, 1.5-bath house with a den and huge private yard, five…
We are pleased to present an exceptional investment opportunity in the heart of Westchester. This triplex, featuring three one-bedroom, one-bath units with one unit currently vacant, offers significant value-add potential for investors and owner-users. Notably, the vacant unit has been completely renovated with a new kitchen and fixtures, new bathroom and fixtures, new cabinets, new…
Realty Investment Advisors presents 1427 15th Street, a 10 unit apartment building in Santa Monica. Eight of the 10 units are deed-restricted to 30% AMI affordability, limiting rent levels on those 8 units to $757 for 1 bedroom units and $898 for 2 bedroom units. However, unit 4 (2 bed 2 bath) and unit 10…
We are pleased to present a rare development and investment opportunity only about 1/3 of a mile to the San Marino city limit. The new owner will have the opportunity to develop a brand new, modern 26-unit apartment building project in the Unincorporated area of Pasadena. This development boasts a contemporary design, featuring 31 on-grade…
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…
PRICED TO SELL AT UNDER $505 PER SQUARE FOOT! CONDO COMPS ARE SELLING AROUND $600 PER SQUARE FOOT IN ARCADIA!! Offered for sale by the original owner/developer of the complex, this is an extremely rare opportunity for investors to acquire 7 residential units built in 2004 in prime Arcadia with multiple investment options. Option 1:…
We are pleased to offer this 6-unit apartment complex in prime Santa Monica. Built in 1961, the property features 8,990 square feet of living space and has undergone a soft story retrofit in compliance with the City of Santa Monica. Priced to sell at only $369 per foot, the property boasts a great unit mix:…