22
See all 22 photos
$4,880,000
Est. payment /mo
3 Beds
2 Baths
0.32 Acres Lot
New
295 S Hudson Pasadena, CA 91101
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26217850
Bedrooms 3
Lot Size 0.322 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
TROPHY CLASS-A LOCATION: 14-Unit Value-Add in the Heart of the South Lake Ave District Walkers 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 Pasadenas 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 "Walkers 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 Joes 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 (housing over 200 premier shops and vibrant nightlife), the Playhouse District, and Caltech. Furthermore, regional transit access to the 110, 210, and 134 freeways connects residents instantly to major employment hubs in Downtown Los Angeles, Glendale, and Burbank. Constructed in 1954, the clean Mid-Century buildi
Location
State CA
County Los Angeles
Zoning Assessor
Direction FWY 210 EXIT LAKE AVE AND GO SOUTH, MAKE RIGHT ON DEL MAR BLVD AND MAKE RIGHT ON HUDSON AVE.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Restrictions Other/Remarks
Tax ID 5734027004
Acceptable Financing Cash
Listing Terms Cash
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Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade
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