267 Barthe Drive
Pasadena, CA 91103
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1959 build
- – on site
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I am pleased to offer for sale Pasadena Gardens, a 18-unit apartment community located at 267 Barthe Drive. The subject property is located south of Mountain Street and east of the 210 Freeway. The building is within a 5-minute drive to a slew of vibrant restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. The property is in a location that is safe, attraction-rich, and near renowned schools and strong employment drivers like California Institute of Technology, Jet Propulsion Laboratory, and Fuller Theological Seminary. Situated on a 21,376 square foot parcel, the property is comprised of one studio, eight one-bedroom units, and nine two-bedroom units. The property has 122% remaining rental upside through unit renovations. Pasadena Gardens presents investors a unique opportunity to attain a rare mid-sized asset in a prime Pasadena location that is a short distance to the most attractive thoroughfare in the submarket. This area is currently undergoing a burgeoning gentrification that will support continued rental growth for a new investor who is looking to capitalize on the value-add potential this asset offers.
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Last updated Nov 2, 2023
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MLS# 23300163 —
The Building
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Year Built:1959
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:11117.00
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Total Number Of Units:18
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# of Buildings:1
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Stories Total:2
Location
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Directions:West of Fair Oaks Avenue and South of Mountain Street.
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Latitude:34.16059600
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Longitude:-118.15595000
The Property
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Property Type:Residential Income
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Zoning:PSR1
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Lot Size Area:21376.0000
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Lot Size Acres:0.4907
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Lot Size SqFt:21376.00
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Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5726008019
The Community
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Association:No
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Senior Community:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:17.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/31/23
Oct 31, 2023
|
Sold | CRMLS_CA | $3,050,000 | -19.7% |
|
9/18/23
Sep 18, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $3,800,000 | |
|
8/11/23
Aug 11, 2023
|
Listed / Active | CRMLS_CA | $3,800,000 |
