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


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.*
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 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 4.10% | Building Size | 62,683 SF |
| Gross Rent Multiplier | 15.48 | Average Occupancy | 92% |
| No. Units | 91 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2009 |
| Property Subtype | Apartment | Parking Ratio | 0.14/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | PSC - Pasadena Service Commercial | ||
| 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
| Parcel Number | 5735-001-032 | Improvements Assessment | $4,252,778 CAD |
| Land Assessment | $4,302,524 CAD | Total Assessment | $8,555,302 CAD |
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
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