$30,000,000

119 S Los Robles Ave Pasadena, CA 91101

Old Town Pasadena Neighborhood

Estimated payment $186,715/month

Total Views 8,803
5 Beds
6 Baths
50,536 Sq Ft
$594 Price per Sq Ft

About This Home

Investors delight! Rare opportunity to acquire a 50-unit luxury condominium building in a highly sought-after Pasadena location, just a short walk to Old Town Pasadena, renowned for its premier dining, shopping, and entertainment. The five-story mixed-use property features a well-balanced unit mix and 3,140 SF of ground-floor retail, enhancing both income stability and long-term value. The building consists of4 Studios, 34 One-Bedroom / One-Bath, 9 Two-Bedroom / Two-Bath, 3 Three-Bedroom / Two-Bats. Unit amenities: In-unit washer/dryer hook-ups, Central HVAC, Private patio or balcony (select units), Stainless-steel appliance package, including Refrigerator, Microwave, Gas range, Vent hood. Immediate access to major retail, restaurants, and entertainment, Convenient freeway access to I-210 and I-110, providing strong regional connectivity. This asset offers a compelling combination of prime location, modern amenities, and diversified unit mix, ideal for investors seeking long-term appreciation and stable cash flow in one of Southern California’s most desirable submarkets.

Listing Agent

Charles Fann

IRN REALTY Brokerage Phone: 626-373-7388 License #01081256 Listed on: 12/24/2025

IRN REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Lot Details

  • 0.43 Acre Lot
  • Two or More Common Walls

Parking

  • 62 Open Parking Spaces
  • 62 Car Garage

Home Design

  • 50,536 Sq Ft Home
  • Apartment
  • Entry on the 1st floor

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Tract Number 72191
  • Assessor Parcel Number 5722030110
  • $7,131 per year additional tax assessments

Community Details

Overview

  • 50 Units
  • 5-Story Property

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $32,559
  • Fuel Expense $5,496
  • Insurance Expense $26,228
  • Professional Management Expense $190,000
  • Trash Expense $21,600
  • Water Sewer Expense $28,525
  • Operating Expense $579,975
  • Gross Income $1,680,000
  • Net Operating Income $958,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Lot Details

0

Parking

62

Listing Details

  • Professional Management Expense: 190000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 28525.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5722030110
  • Year Built: 2015
  • Special Features: None

Interior Features

  • Stories: 5
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 593.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 62.00
  • Total Parking Spaces: 124.00
  • Uncovered Spaces: 62.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 21600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 18731.00
  • Lot Size Acres: 0.4300

Multi Family

  • Electric Expense: 32559.00
  • Fuel Expense: 5496.00
  • Gross Income: 1680000.00
  • Gross Operating Income: 958078.00
  • Gross Scheduled Income: 1800000.00
  • Insurance Expense: 26228.00
  • Lot Size Area: 18731.0000 Square Feet
  • Net Operating Income: 958000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 50
  • Operating Expense: 579975.00
  • Rent Control: No
  • Total Expenses: 579975.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 0000
  • Tax Tract Number: 72191
  • TaxOtherAnnualAssessmentAmount: 7131.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2025 12/24/25 For Sale $30,000,000 -- $594 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS25279662

California Regional Multiple Listing Service (CRMLS)

APN: 5722-030-110

California Los Angeles County Pasadena 91101 Old Town Pasadena

119 S Los Robles Ave, Pasadena, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Charles Fann
Listing Agent
Charles Fann
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IRN REALTY
(626) 447-5100