1299 E Green St, Pasadena, CA 91106
1299 E Green St, Pasadena, CA 91106
1299 E Green St, Pasadena, CA 91106
1299 E Green St, Pasadena, CA 91106
1299 E Green St, Pasadena, CA 91106
1299 E Green St, Pasadena, CA 91106
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$ 25,000,000
Est. payment | /mo

91 Baths

62,683 SqFt


Save
$ 25,000,000
Est. payment | /mo
Save

91 Baths

62,683 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 62,683 sqft

Price per Sqft $398

MLS Listing ID 26865683

Year Built 2009

Lot Size 0.589 Acres

Acres 0.5893

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Pasadena Se

Zoning PSC-

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Garbage Disposal, Range/Oven, Refrigerator, Microwave

Exterior

Parking Features Subterr Side by Side, Subterranean

Garage Spaces 56.0

Pool Community

Building

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Berkshire Hathaway HomeServices California Propert

Nearby Locations

GET MORE INFORMATION

Courtney Poulos
Courtney Poulos

Broker-Owner | Lic#  01882678

+1(323) 919-0375

4516 Eagle Rock Blvd, Los Angeles, CA 90041

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1299 E Green St