1299 E Green Street
Pasadena
91106
$25,000,000
Residential Income
beds: 0
baths: 91.0
62,683 sq. ft.
built: 2009
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 26988697
- Bathrooms:
- 91
- Year Built:
- 2009
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Green Street Apartments presents a rare value-add investment opportunity in Pasadena, comprising 90 residential 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 units are subject to 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. Danbi Coffee, a beloved specialty cafe 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.
- Total Floor Area:
- 1.44 acre(s)
- Lot Area:
- 25,668 sq. ft.
- Bedrooms:
- 0
- Full Bathrooms:
- 0
- Three Quarter Bathrooms:
- 0
- Half Bathrooms:
- 0
- One Quarter Bathrooms:
- 0
- Bathrooms:
- 91.0 (Full:0, Half:0)
- Year built:
- 2009 (Age: 17)
- General Listing Location:
- Pasadena, 648 - Pasadena (SE)
- County Or Parish:
- Los Angeles
- Gross Income:
- $2,075,894
- Net Operating Income:
- $1,477,784
- Vacancy Allowance Rate:
- $4
- 1 block south of Colorado corner of Holiston and Green
- Appliances:
- Disposal, Microwave, Refrigerator
- Number of Buildings:
- 1
- Community Features:
- Pool
- Senior Community:
- No
- Pool Features:
- Community
- Private Pool:
- No
- Spa Features:
- Community
- Levels:
- Three Or More
- Num Stories:
- 0
- New Constr.:
- No
- # Units:
- 91
- Heating:
- Central
- Spa:
- Yes
- Total Parking Spaces:
- 56
- Parking Features:
- Underground, Side By Side
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5735001032
- Zoning:
- PSC-
Listed by Berkshire Hathaway HomeServices California Properties
Data was last updated October 2, 2026 at 02:40 PM (UTC)
- RANDY ABRAMS
- SEVEN GABLES REAL ESTATE
- 626-222-3954
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of October 2, 2026 at 02:40 PM (UTC) 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.