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771 N Los Robles Avenue

Pasadena, CA 91104

$2,075,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1937

calendar_month Built

Property Description

This 67% vacant building in a highly desirable area of Pasadena offers a savvy investor opportunity to buy single-story bungalow style apartments in an excellent part of Pasadena. This is the first time the property is being offered for sale in 28 years. The property is only several blocks north of Old Town Pasadena and has a high Walk Score 86 – Bike Score 91. The property is a single-story bungalow style apartment that was built in 1937. It is situated on a large ±13,128 SF lot. It has been carefully maintained and has undergone major upgrades such as updated electrical panels, and sewer line (buyer to verify during due diligence). It offers a desirable unit mix of two x 2bed+1bath, and four x 1bed+1bath units. All the units have had some upgrades, and 3 of the units have been fully upgraded with high-end and modern updates. Each unit has original hard wood flooring, double pane windows, individual water heater, laundry hookups (except 1 unit – 3 units come with laundry machines), private patio, mini-split A/C & heating. Three units are currently being rented as vacation rentals and will be delivered fully upgraded and fully furnished. The 4th vacant unit has had some updates. The property has 5 garage spaces and 3 open parking spaces totaling 8 spaces. From 5 garages, only 2 are assigned to tenants leaving the remaining 3 available for extra income or even ADU conversion. Each unit has an individual water heater and separate meters for electricity and gas. No parking soft story is required.

Listing Information

List Price $2,075,000
Status Active
MLS AR25003029
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1937
Lot Size 13,132
Structure Size N/A
DOM 1
Courtesy Of Growth Investment Group Pasade
Listing Agent Han Chen DRE#01749321

Interior Features

Laundry Information
Location(s) Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Wood
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

home_work Nearby Properties

Image

$290,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
680 N Los Robles Avenue,

Pasadena, CA 91101
Image

$1,575,000

king_bed N/A
straighten N/A
straighten 9,735
,

Pasadena, CA 91104
Image

$2,195/month

king_bed 1
shower 1
straighten 729
straighten 9,926
605 N Los Robles Avenue, #8,

Pasadena, CA 91101
Image

$2,195/month

king_bed 1
shower 1
straighten 729
straighten 9,926
605 N Los Robles Avenue, #4,

Pasadena, CA 91101
Image

$1,500,000

king_bed N/A
shower N/A
straighten N/A
straighten 11,392
279 Parke Street,

Pasadena, CA 91101

Listing information courtesy of: Han Chen, Growth Investment Group Pasade . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 7th, 2025 at 8:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.