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1299 E Green St
Pasadena, CA 91106
The Aqua Courtyard Suites · Multifamily Property For Sale · 91 Units

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EXECUTIVE SUMMARY

Nestled in the heart of picturesque Pasadena, California, this 90-unit affordable housing community exemplifies the values of accessibility, comfort, and thoughtful urban living. Each of the 90 units is designed at 250 rentable square feet to provide a compact yet dignified living space, with 81 units reserved for moderate-income residents and 9 for low-income individuals. From the moment you step inside, you’re welcomed into an environment that prioritizes connection and quality of life.
Located at 1299 East Green Street—just moments from Pasadena City College and Caltech—residents benefit from proximity to premier educational institutions and abundant employment opportunities. The property is more than just a place to live; it’s a hub for connection and activity. A refreshing pool and a large outdoor courtyard offer tranquil and social spaces for relaxation, while a ground-floor retail restaurant space adds flavor and vitality to daily life.
The 1,500-square-foot retail component is home to **Danbi Coffee**, a beloved specialty café known for its minimalist design, curated coffee program, and serene atmosphere. With several locations across Southern California, Danbi Coffee brings a refined and welcoming presence to the neighborhood, serving as a community gathering spot and enhancing the property’s cultural and commercial appeal.
Pasadena itself is a city celebrated for its cultural richness and historic charm. Home to the world-famous Rose Bowl Parade, held every New Year’s Day, Pasadena draws thousands to witness the pageantry of elaborate floats and musical performances. Beyond the festivities, Colorado Boulevard serves as a vibrant commercial corridor, lined with boutiques, cafes, and one-of-a-kind shops that reflect the city's eclectic spirit.
*Note: One non-conforming unit.*

PROPERTY FACTS

Price Per Unit $378,236 CAD
Sale Type Investment
Cap Rate 4.10%
Gross Rent Multiplier 15.48
No. Units 91
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.59 AC
Building Size 62,683 SF
Average Occupancy 92%
No. Stories 4
Year Built 2009
Parking Ratio 0.14/1,000 SF
Zoning PSC - Pasadena Service Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Disposal
  • Microwave
  • Heating
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Smoke Free
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Fitness Center
  • Laundry Facilities
  • Pool
  • Spa
  • Gated
  • Furnished Units Available
  • Gameroom
  • Media Center/Movie Theatre
  • Pet Play Area

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 91 - 220

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5735-001-032
Land Assessment
$4,302,524 CAD
Improvements Assessment
$4,252,778 CAD
Total Assessment
$8,555,302 CAD
  • Listing ID: 37836211

  • Date on Market: 2025-09-26

  • Last Updated:

  • Address: 1299 E Green St, Pasadena, CA 91106

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