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(408) 398-2343
Compass
295 S Hudson, Pasadena, CA 91101
- $4,880,000
Listed by Handoko Chen, from Growth Investment Group Pasade
(If provided) CoList: from
- List Price
- $4,880,000
- MLS#
- CRAR26217850
- Status
- ACTIVE
- Lot Size
- 14,029
- Listing Area
- 647 - Pasadena (Sw)
- Year Built
- 1954
Property Description
TROPHY CLASS-A LOCATION: 14-Unit Value-Add in the Heart of the South Lake Ave District Walker's Paradise (95), Steps to Erewhon & Trader Joe's, Generational Hold (Owned Since 1957), Highest Density Zoning (RM-48), Can Be Acquired together with 1677 N Lake Ave, Pasadena (12 units). 295 S Hudson Ave, a premier 14-unit value-add apartment investment located squarely in the heart of Pasadena's highly coveted South Lake Avenue District. As a multi-generational hold property owned by the same family since 1957, this offering represents a true generational acquisition. Assets with this ownership history and ideal operational scale provide investors an exclusive opportunity to secure a well-maintained property in a trophy location with an attractive ±6.47% PROFORMA Cap Rate. Location is the ultimate amenity for this investment. Categorized as a "Walker's Paradise" with a phenomenal Walk Score of 95, 295 S Hudson Ave is situated just one lot away from the corner of Hudson Ave and Del Mar Blvd. Tenants are positioned directly across from Trader Joe's and a major executive office tower on Lake Ave, with a brand-new Erewhon market and myriad upscale dining options just a short stroll away. This Class-A neighborhood provides residents with effortless access to historic Old Pasadena (hou
Additional Information
- Cooling System
- Window / Wall Unit
- Floor Covering
- Laminate
- Foundation
- Raised
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Laundry Facilities
- Laundry Area, Washer/Dryer - Leased, Community Facility
- Lot Description
- Grade - Level
- Lot Size
- 14,029
- Neighborhood
- 647 - Pasadena (Sw)
- Pool Description
- None
- Roof
- Shingle
- Unincorporated Yn
- Yes
- View
- View of City Lights
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Compass are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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