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The Aqua Courtyard Suites 1299 E Green St 91 Unit Apartment Building $35,026,249 CAD ($384,904 CAD/Unit) Pasadena, CA 91106
Investment Highlights
- Desirable Pasadena location near employment, education, shopping, dining and transportation
- Renovated units are achieving approximately $200 per month in additional rent
- 90 residential units plus approximately 1,500 square feet of street-front retail
- Established in-place cash flow with a defined value-add renovation strategy
- Upside through continued unit renovations, common-area improvements and operating efficiencies
Executive Summary
Green Street Apartments presents a rare value-add investment opportunity in Pasadena, comprising 90 residential Studio units and approximately 1,500 square feet of street-front retail. The property features structured parking, a swimming pool, fitness center and resident amenities while generating established in-place cash flow. The residential component includes 81 moderate-income units and nine lower-income units subject to long-term affordability requirements. Current ownership is renovating units and achieving approximately $200 per month in additional rent within applicable regulatory limits, demonstrating further upside through continued unit renovations, modernization of common areas, ancillary revenue growth and operating efficiencies.
Property Facts
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 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 5735-001-032 | Improvements Assessment | $4,247,170 CAD |
| Land Assessment | $4,296,851 CAD | Total Assessment | $8,544,020 CAD |
Property Taxes
Parcel Number
5735-001-032
Land Assessment
$4,296,851 CAD
Improvements Assessment
$4,247,170 CAD
Total Assessment
$8,544,020 CAD
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The Aqua Courtyard Suites | 1299 E Green St
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