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262 N Los Robles

Pasadena, CA 91101
  • $37,100,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: AR25259261
UPDATED: 36 min ago
$37,100,000
  • 0
    BEDS
  • 0.96
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:

School Ratings & Info

Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)


Description

Turnkey, Design Centric Mid-Century Modern 93-unit Apartment in Playhouse Village. Class A Location, Completely Renovated, almost brand-new MEP. All Units fully upgraded, Overparked w/ 173 parking, RUBS in Place. Below replacement cost for an Asset of this quality and location.THE THISTLE " 262 N Los Robles Ave, a Design Centric 93-unit Mid Century modern luxury apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within Pasadena Village District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 89 out of 100, demonstrating walkers paradise location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property has been completely upgraded from top to bottom between 2018-2020 and provides a turn-key investment offering. It has a superb location south of FWY 210, across the street from Kaiser Permanente Pasadena, and several lots away from The Westin Pasadena. Tenants enjoy walking distance to Paseo Colorado, Pasadena City Hall & Library, Old Town Pasadena, and almost all amenities City of Pasadena has to offer. The property is a three-story garden style apartment community with an expansive center courtyard on two levels of subterranean parking. The community offers excellent amenities such as Leasing Office, On-site manager, fitness center, BBQ/picnic area, fire pit, controlled access, security cameras, courtyard, dog wash, subterranean parking, secured bike storage, storage units, secured package room with parcel pending lockers, complete convenient towel service, boutique catering kitchen appliances, elevator, and laundry room. The current ownership have completely upgraded the community from top to bottom in 2018-2019 and replaced all the systems which includes: new roof, new mechanical system, new electrical, new plumbing & sewer system, new elevator, new landscaping, new security camera system, new parking gate, new entry system, and others (buyer to verify during inspection), making this property a truly turnkey investment. The property offers an attractive unit mix with seven (7) 2 bedroom+1 bathroom, fifty-five (55) large 1 bedroom+1 bathroom, seven (7) 1 bedroom+1 bathroom, sixteen (16) studio, and eight (8) small studio/micro units. All the units have been completely upgraded with tastefully design upgrades.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/169868900
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262 N Los Robles Pasadena, CA 91101

  • Price: $37,100,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 36 min ago
  • ID#: AR25259261
0
Beds
0
Baths
0
½ Baths
0.96
Acres
1949
Built
Neighborhood:
647 - Pasadena (SW)
County:
Los Angeles
Area:
647 - Pasadena (SW)
Property Description
Turnkey, Design Centric Mid-Century Modern 93-unit Apartment in Playhouse Village. Class A Location, Completely Renovated, almost brand-new MEP. All Units fully upgraded, Overparked w/ 173 parking, RUBS in Place. Below replacement cost for an Asset of this quality and location.THE THISTLE " 262 N Los Robles Ave, a Design Centric 93-unit Mid Century modern luxury apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within Pasadena Village District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 89 out of 100, demonstrating walkers paradise location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property has been completely upgraded from top to bottom between 2018-2020 and provides a turn-key investment offering. It has a superb location south of FWY 210, across the street from Kaiser Permanente Pasadena, and several lots away from The Westin Pasadena. Tenants enjoy walking distance to Paseo Colorado, Pasadena City Hall & Library, Old Town Pasadena, and almost all amenities City of Pasadena has to offer. The property is a three-story garden style apartment community with an expansive center courtyard on two levels of subterranean parking. The community offers excellent amenities such as Leasing Office, On-site manager, fitness center, BBQ/picnic area, fire pit, controlled access, security cameras, courtyard, dog wash, subterranean parking, secured bike storage, storage units, secured package room with parcel pending lockers, complete convenient towel service, boutique catering kitchen appliances, elevator, and laundry room. The current ownership have completely upgraded the community from top to bottom in 2018-2019 and replaced all the systems which includes: new roof, new mechanical system, new electrical, new plumbing & sewer system, new elevator, new landscaping, new security camera system, new parking gate, new entry system, and others (buyer to verify during inspection), making this property a truly turnkey investment. The property offers an attractive unit mix with seven (7) 2 bedroom+1 bathroom, fifty-five (55) large 1 bedroom+1 bathroom, seven (7) 1 bedroom+1 bathroom, sixteen (16) studio, and eight (8) small studio/micro units. All the units have been completely upgraded with tastefully design upgrades.
Exterior Features

Architectural Style Mid-Century Modern Carport Spaces 0 Construction Materials Concrete Direction Faces West Entry Level 1 Entry Location 1 Fencing GlassSecurityStucco Wall Foundation Details Concrete Perimeter Lot Features 36-40 Units/AcreIrregular LotLot Over 40000 SqftLandscapedLevelNear Public TransitStreet Level Number Of Separate Electric Meters 93 Open Parking Spaces 0 Parking Features AssignedConcreteCoveredGarageGatedOn SitePrivate Parking Total 173 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltFlat Spa Features None Spa YN No View City LightsMountain(s)Neighborhood View YN Yes

Interior Features

Accessibility Features None Appliances FreezerGas CooktopDisposalGas RangeMicrowaveRefrigeratorWater HeaterDryerWasher Common Walls 2+ Common Walls Cooling Central AirWall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinylWood Heating CentralWall Furnace Heating YN Yes Interior Features BalconyCeiling Fan(s) Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.55 Common Interest Community Apartment Community Features UrbanValleyGated Contingency NO CONTINGENCY Current Financing Conventional Disclosures Rent Control Electric Standard Electric Expense 41965 Fuel Expense 16278 Garage YN Yes Gross Income 3021112 Gross Scheduled Income 3021112 Insurance Expense 70756 Land Lease YN No Laundry Features Common AreaWasher HookupGas Dryer Hookup Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 125484 Net Operating Income 1689102 New Construction YN No New Taxes Expense 415749 Number Of Separate Gas Meters 93 Number Of Separate Water Meters 1 Number Of Units Leased 93 Operating Expense 1248072 Pest Control Expense 4010 Possession Close Of Escrow Property Condition Turnkey Property Sub Type Apartment Rent Control YN Yes Security Features Closed Circuit Camera(s)Carbon Monoxide Detector(s)Fire Detection SystemSecurity GateGated CommunityResident ManagerSmoke Detector(s)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 415749 Tenant Pays ElectricityGasParking FeeTrash CollectionWater Total Actual Rent 228980 Trash Expense 65997 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 75917 Vacancy Allowance Rate 3 Water Sewer Expense 17639 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-04T17:35:10.073. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Independent Broker Network. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Independent Broker Network
1148 N. Chinowth Suite A
Visalia CA, 93291
Listing Agent(s): Handoko Chen of Growth Investment Group Pasade (626-594-4900)