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24 Units in Prime Pasadena
$10,500,000

Sold
  • Summary
  • Location
  • Amenities

Realty Investment Advisors is pleased to present the opportunity to acquire a rare, partially remodeled, 24 unit multi-family investment opportunity at 275 South Oakland Avenue in Pasadena, California. Built in 1962 and well maintained by the current ownership, this 27,525 square foot building consists of ten 2 bedroom 1.75 bath units, five 2 bedroom 1 bath units and nine 1 bedroom 1bath units. Located on one of the best streets in Pasadena, all 24 units have central heating and air conditioning along own individual meters for gas and electricity. Recent upgrades to the property include an updated modern elevator cab interior and renovated pool. The property features a secured entry and lobby, 34 on-site gated parking spaces, balconies in select units and laundry facilities on each floor. With an outstanding Walk-Score of 88, this provides residents an abundance of walking distance amenities, countless dining options, entertainment venues & shopping. Given the property’s unmatched location and opportunity for earning potential, 275 South Oakland is a generational asset that can offer investors strong risk-mitigated returns and long-term appreciation.

  • Prime Pasadena South of Colorado Boulevard Location
  • Walking Distance to South Lake Shops & Restaurants
  • Attractive Unit Mix of One and Two Bedroom Units
  • Central Heating and Air Conditioning
  • Generously Sized Units – 27,525 Square Foot Building
  • 34 Total Parking Spaces
  • Individually Metered for Gas & Electricity
  • Huge Upside in Rents
  • Balconies in Select Units
  • Rare 20+ Unit Acquisition Opportunity in a Supply Constrained Sub-Market

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