1299 E Green Street,Pasadena, CA 91106
Pasadena, CA 91106
Description
Green Street Apartments presents a rare value-add investment opportunity in Pasadena, comprising 90 residential units and approximately 1,500 square feet of street-front retail. The property features structured parking, a swimming pool, fitness center and resident amenities while generating established in-place cash flow. The residential units are subject to affordability requirements. Current ownership is renovating units and achieving approximately $200 per month in additional rent within applicable regulatory limits, demonstrating further upside through continued unit renovations, modernization of common areas, ancillary revenue growth and operating efficiencies. Danbi Coffee, a beloved specialty cafe known for its minimalist design, curated coffee program, and serene atmosphere. With several locations across Southern California, Danbi Coffee brings a refined and welcoming presence to the neighborhood, serving as a community gathering spot and enhancing the property's cultural and commercial appeal.Pasadena itself is a city celebrated for its cultural richness and historic charm. Home to the world-famous Rose Bowl Parade, held every New Year's Day, Pasadena draws thousands to witness the pageantry of elaborate floats and musical performances. Beyond the festivities, Colorado Boulevard serves as a vibrant commercial corridor, lined with boutiques, cafes, and one-of-a-kind shops that reflect the city's eclectic spirit.
Details
| MLS # | 26865683 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2009 |
| Days On Site | 22 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties | Lee Johnson |
Features
| Bath(s) | 91 |
|---|---|
| SQ Feet | 62,683 |
| Units | 91 |
| Building(s) | 1 |
| Zoning | PSC- |
| Acreage | 0.59 |
Interior
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Disposal, Microwave, Refrigerator |
Parking
| Parking Features | Underground, Side By Side |
|---|
Location
| Community Features | Pool |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91106) | |
Price: $25,000,000 low | high Med: $2,375,000 sqft: 62,683 low | high Med: 5,640 $ / sqft: $399 low | high Med: $428 On site: 22 low | high Med: 103 | |
Market Activity 91106
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Pasadena |
| Zip Code | 91106 |
| Area | 648 Pasadena (SE) |
| Listing VS Median (in 91106) | |
Price: $25,000,000 low | high Med: $2,375,000 sqft: 62,683 low | high Med: 5,640 $ / sqft: $399 low | high Med: $428 On site: 22 low | high Med: 103 | |