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7376 San Diego Ave
Saint Louis, MO 63121
Legends at Pasadena Hills · Multifamily Property For Sale
·
324 Units
Investment Highlights
- Offers strong economies of scale and operational efficiency
- Close proximity to the $1.8 billion dollar Boeing defense campus expansion redevelopment
- Proximity to the University of Missouri–St. Louis (UMSL)and Express Scripts
- Recent capital improvements totaling over $6.8 million completed, including new roofs, electrical remediation, HVAC, unit renovations and more
- Offered below replacement cost, providing an attractive basis and long-term appreciation potential
- Strong workforce housing demand in North St. Louis County
Executive Summary
CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire The Legends at Pasadena Hills (“the Property”), a 324-unit, garden-style apartment community situated on 14.25 acres in North St. Louis County, Missouri. Constructed in 1971 and renovated in 2023, the residential property includes 271,188 total square feet of rental space throughout 11 buildings.
Investors have a compelling opportunity to acquire The Legends at Pasadena Hills, a 324-unit garden-style multifamily community located in the Norwood Court/Pasadena Hills area of St. Louis, Missouri. The property has recently undergone significant capital improvements, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
The Legends at Pasadena Hills benefits from its established location within North St. Louis County, offering convenient access to major highways, employment centers, and nearby retail amenities. The surrounding area continues to experience ongoing investment and stabilization, supporting long-term demand and enhancing the property’s future growth potential.
The Legends at Pasadena Hills is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Investors have a compelling opportunity to acquire The Legends at Pasadena Hills, a 324-unit garden-style multifamily community located in the Norwood Court/Pasadena Hills area of St. Louis, Missouri. The property has recently undergone significant capital improvements, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
The Legends at Pasadena Hills benefits from its established location within North St. Louis County, offering convenient access to major highways, employment centers, and nearby retail amenities. The surrounding area continues to experience ongoing investment and stabilization, supporting long-term demand and enhancing the property’s future growth potential.
The Legends at Pasadena Hills is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Property Facts
| Sale Type | Investment | Lot Size | 14.25 AC |
| No. Units | 324 | Building Size | 271,188 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2026 |
| Building Class | C | Parking Ratio | 2.3/1,000 SF |
| Zoning | 77MULTI/39MULTI | ||
| Sale Type | Investment |
| No. Units | 324 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 14.25 AC |
| Building Size | 271,188 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2026 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | 77MULTI/39MULTI |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Clubhouse
- Laundry Facilities
- Pool
- Property Manager on Site
- Tennis Court
- Laundry Service
- Pet Play Area
- Volleyball Court
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 144 | - | 722 |
| 2+1.5 | 180 | - | 929 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,587,576 CAD | |
| Land Assessment | $872,188 CAD | Total Assessment | $4,459,764 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$872,188 CAD
Improvements Assessment
$3,587,576 CAD
Total Assessment
$4,459,764 CAD
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