$25,000,000

1299 E Green St Pasadena, CA 91106

Playhouse Village Neighborhood

Estimated payment $145,140/month

Total Views 158
-- Bed
91 Baths
62,683 Sq Ft
$399 Price per Sq Ft

Highlights

  • In Ground Pool
  • 0.59 Acre Lot
  • Central Heating
  • Blair High School Rated A-
  • Subterranean Parking

About This Home

Mixed-Use 91 Efficiency units with one 1500 sf retail/restaurant space. The building has a conventional loan in place from Chase and there are no tax credits or bond financing attached to the building.***PLEASE CALL ME FOR A SETUP SHEET***Buyer can assume the existing loan at 3.67% for about 5 more years. Seller is willing to entertain a second Trust Deed at the same interest rate. (Seller Approval and Restrictions apply)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 Streetjust moments from Pasadena City College and Caltechresidents 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 caf 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.*Listing agent has an ownership interest.

Listing Agent

Lee Johnson

Berkshire Hathaway HomeServices California Properties License #01259992 Listed on: 07/18/2025

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $80,037

Year Built

  • Built in 2009

Interior Spaces

  • 91 Bathrooms
  • 62,683 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Parking

  • 56 Parking Spaces
  • Subterranean Parking

Pool

  • In Ground Pool
  • Spa

Additional Features

  • 0.59 Acre Lot
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5735-001-032

Community Details

Overview

  • 91 Units

Recreation

  • Community Pool
  • Community Spa

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$80,037

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Advertising Remarks: Mixed-Use 91 Efficiency units with one 1500 sf retail/restaurant space. The building has a conventional loan in place from Chase and there are no tax credits or bond financing attached to the building.***PLEASE CALL ME FOR A SETUP SHEET***Buyer can assume the existing loan at 3.67% for about 5 more years. Seller is willing to entertain a second Trust Deed at the same interest rate. (Seller Approval and Restrictions apply)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
  • Living Area: 62683
  • Lot Acreage: 0.5893
  • Year Built: 2009
  • Number Of Photos: 69
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Total Bathrooms: 91.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 398.83

Exterior Features

  • Other Structures: None
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes

Garage/Parking

  • Parking Garage: Subterr Side by Side, Subterranean
  • Total Parking: 56

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 49.71
  • Assessed Improvement Value: 2971980
  • Assessed Land Percent: 50.29
  • Assessed Land Value: 3006745
  • Total Assessed Value: 5978725
  • Assessor Parcel Number: 5735-001-032
  • Lot Size Area: 25668

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.58
  • Number Of Units: 91
  • Total Annual Expense: 587042
  • Type Of Units: mixed-use
  • Vacancy Rate: 1

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $80,037 $5,978,725 $3,006,745 $2,971,980
2023 $79,402 $5,861,496 $2,947,790 $2,913,706
2022 $76,921 $5,746,566 $2,889,991 $2,856,575
2021 $73,970 $5,633,889 $2,833,325 $2,800,564
2019 $71,423 $5,496,687 $2,749,288 $2,747,399
2018 $72,187 $5,389,496 $2,695,381 $2,694,115
2016 $69,679 $5,151,478 $2,590,717 $2,560,761
2015 $68,842 $5,074,099 $2,551,803 $2,522,296
2014 $67,635 $4,974,705 $2,501,817 $2,472,888
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $25,000,000 -- $399 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- First American Title Ins Co
Grant Deed -- First American Title Insuran
Grant Deed -- First American Title Insuran
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $11,150,000 Commercial
Closed $10,000,000 Commercial
Previous Owner $8,500,000 Future Advance Clause Open End Mortgage
Previous Owner $7,197,500 Commercial
Source: Public Records

Source: The MLS

MLS Number: 25566951

The MLS

APN: 5735-001-032

California Los Angeles County Pasadena 91106 Playhouse Village

1299 E Green St, Pasadena, CA

This home is located at 1299 E Green St, Pasadena, CA 91106 and is currently priced at $25,000,000, approximately $398 per square foot. This property was built in 2009. 1299 E Green St is a home located in Los Angeles County with nearby schools including McKinley School, Blair High School, and International School of Los Angeles-Pasadena.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Lee Johnson
Listing Agent
Lee Johnson
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Berkshire Hathaway HomeServices California Properties
(310) 892-2244