29
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$25,000,000
Est. payment /mo
91 Baths
62,683 SqFt
New
1299 E Green ST Pasadena, CA 91106
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 62,683 sqft
Price per Sqft $398
MLS Listing ID 26865683
HOA Y/N No
Year Built 2009
Lot Size 0.589 Acres
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 648 - Pasadena (Se)
Zoning PSC-
Interior
Heating Central
Fireplace No
Appliance Disposal, Microwave, Refrigerator
Exterior
Parking Features Underground, Side By Side
Pool Community
Community Features Pool
Total Parking Spaces 56
Private Pool No
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5735001032
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Special Listing Condition Standard
Listed by Lee Johnson Berkshire Hathaway HomeServices California Properties #01259992
NEARBY SCHOOL & BUSINESS