1299 E Green Street, Pasadena CA 91106 (Off Market)

For Sale, USD 25,000,000


1299 E Green Street, Pasadena CA 91106,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 62,683 ft² / 5,823 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


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.
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1299 E Green Street, Pasadena CA 91106, United States,California,Pasadena is a 62,683ft² Pasadena luxury Multi-Family Home listed for sale USD 25,000,000. This high end Pasadena Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Pasadena or search for luxury properties for sale in Pasadena.