819 Wright Avenue

Pasadena, CA 91104

Asking Price: $9,680,000

Units: 43 + 1 Non-conforming

Multifamily apartment units in Los Angeles

Year Built: 1971

year built multifamily apartment building los angeles

Building Size: 22,784

gross sf multifamily apartment building los angeles

Lot Size: 35,252

Multifamily apartment lot size

Property Highlights:

  • Just minutes to Old Pasadena historical sites, attractions, dining and retail

  • Mix of studio, one and two bedroom units

  • Great upside potential with units rented at market

  • Large parking area with ADU development potential

The asset benefits from a highly walkable location near Lake Avenue, with convenient access to shopping, dining, the Metro A Line, and major employment centers including Caltech, NASA’s Jet Propulsion Laboratory, and Huntington Hospital. Residents enjoy on-site laundry, controlled-access entry, bicycle storage, and gated parking, while select units feature updated kitchens and interiors.

819 Wright Avenue presents an attractive opportunity to acquire a well-located apartment community in a premier Northern Los Angeles submarket with long-term fundamentals and value-add potential.

 

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819 Wright Avenue

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