119 Los Robles Ave 50 Unit Apartment Building $36,140,000 CAD ($722,800 CAD/Unit) 4.42% Cap Rate Pasadena, CA 91101

The Azzi Group of Marcus & Millichap is pleased to present 119 S Los Robles Ave, a 50-unit condominiumized mixed-use investment opportunity located in the heart of Pasadena. Completed in 2015, the property consists of 50 individually parceled residential condominium units and approximately 3,700 square feet of ground-floor retail, offering investors exceptional flexibility with multiple exit strategies.
119 S Los Robles Ave is a 50-unit condominiumized mixed-use investment opportunity located in the heart of Pasadena, one of the most desirable and supply-constrained submarkets in the San Gabriel Valley.
The offering consists of a well-maintained, institutional-quality asset comprised of 50 individually parceled residential condominium units along with approximately 3,700 square feet of ground-floor retail, providing investors with strong in-place income and exceptional flexibility, including the potential for individual unit sales or a mixed-use hold strategy.
Built in 2015, the fee-simple property offers a modern residential product with high-end finishes and a full suite of amenities, including in-unit laundry, central HVAC, stainless steel appliances, private balconies or patios in select units, and a furnished courtyard—supporting premium tenant demand and long-term occupancy stability.
119 S Los Robles Ave benefits from its prime Pasadena location with walkable access to Colorado Boulevard, Old Town Pasadena, and major retail and dining corridors, as well as convenient connectivity to major freeways and employment hubs throughout the greater Los Angeles area.
Pasadena continues to experience strong rental demand driven by its vibrant downtown, historic charm, and proximity to major employment centers, making 119 S Los Robles Ave a compelling investment opportunity offering both stability and long-term upside.