990 Valley View Ave, Pasadena, CA 91107
990 Valley View Ave, Pasadena, CA 91107
990 Valley View Ave, Pasadena, CA 91107
990 Valley View Ave, Pasadena, CA 91107
990 Valley View Ave, Pasadena, CA 91107
990 Valley View Ave, Pasadena, CA 91107
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$ 11,995,000
Est. payment | /mo

72 Beds

40 Baths

41,204 SqFt


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$ 11,995,000
Est. payment | /mo
Save

72 Beds

40 Baths

41,204 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 41,204 sqft

Price per Sqft $291

MLS Listing ID 26994565

Bedrooms 72

Year Built 1961

Lot Size 0.748 Acres

Acres 0.7481

Property Sub-Type Multi-Family

Property Description

A GENERATIONAL ASSET AVAILABLE FOR THE FIRST TIME IN OVER 50 YEARS!! We are pleased to present for sale an outstanding 40-unit multifamily property location at 990 Valley View in Pasadena offering scale, an outstanding unit mix, and real potential for significant, long-term rent growth. Located near Hastings Ranch, it borders the city of Sierra Madre and is one of the only apartment buildings in the surrounding area. The building features a highly desirable unit mix consisting of 32 two-bedroom/one-bath units and 8 one-bedroom/one-bath units, with the building records showing a size of over 41,200 total square feet. A handful of units having been fully remodeled, providing a proven blueprint for future interior renovations and the potential to capture real rent growth with turnover. The location and size of this property only add to its appeal and rarity. Just a 5-minute drive to the extensive collection of shopping, dining, entertainment, and everyday conveniences at Hastings Village and Hastings Ranch Center. The destinations include Whole Foods Market, Trader Joe's, Sprouts Farmers Market, Dick's Sporting Goods, Lucky Strike, and a laundry list other retailers, restaurants, and services. The building has already benefited from important capital improvements, including updated windows, completed soft-story seismic retrofit, copper plumbing and a recent repainting helping reduce near-term capital requirements. The electrical system has been serviceable for building and has been insurable for current ownership. DO NOT DISTURB TENANTS OR MANAGER.

Location

State CA

County Los Angeles

Area Pasadena Ne

Zoning PSR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s), Wall/Window

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Tandem, Covered Parking

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.

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990 Valley View Ave