Active
1111 N Los Robles Avenue
Pasadena CA, 91104
$6,000,000
$505.31 per sqft
Active
11,874 sqft
Commercial
Built in 1911
We are pleased to present the Los Robles & Douglas Portfolio, a 16-unit apartment community spanned across three connected parcels and 1.3 acres in Pasadena, CA. The properties feature a diverse unit mix of Studios, 1, 2, and 3-bedroom units, garage parking, lush landscaping, and upgraded craftsman-style units. The buildings on Los Robles Ave. may qualify for the Mills Act as they are listed in the National Register of Historical Places. This can significantly reduce property taxes for an investor, thus increasing net operating income (NOI). There is also a tremendous opportunity to convert the units into condos, build additional units, and add ADUs on this vast piece of land, making it a perfect fit for the value-add investor or developer. [[1111 N. Los Robles Ave., Pasadena, CA]] - [[1121 N. Los Robles Ave., Pasadena, CA]] - [[392 Douglas St., Pasadena, CA]]
CRPW24154188
MLSⓇ ID
July 26, 2024
Listed
August 26, 2024
Updated
Map
1111 N Los Robles Avenue
Pasadena CA, 91104
Interior Features
Laundry Description
Other
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.3 Acres
Lot Features
Other
Sewer
Public Sewer
Other Property Details
Area Name
Pasadena
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
PSR3
Listed by Ryan Loria with Triqor Group
Listing Contact: [email protected]
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