262 N Los Robles Ave

Pasadena, CA 91101

$37,100,000
Price
4
Beds
93
Baths
55,435 Sq. Ft.
$669 / Sq. Ft.
55,435
Sq. Ft.
$669
per Sq. Ft.
a front view of a house with a yard
a view of a white house with large windows and a tree
a front view of a house with swimming pool having outdoor seating
a front view of a house with a yard
a view of a fountain in front of a house
a front view of a house with a yard
a view of a patio with couches table and chairs and potted plants
a view of a patio with couches table and chairs and potted plants
a balcony with a table and chairs
a view of a large building from a balcony
an aerial view of multiple house
a city view
unknown
unknown
a view of a backyard
a view of balcony
a room with gym equipment and wooden floor
a living room with furniture
a room with lots of chairs and windows
a room with a washer and dryer
a living room with furniture and wooden floor
a living room with furniture and wooden floor
a kitchen with cabinets a sink and appliances
a view of a workspace with furniture
a living room with furniture a window and a potted plant
a living room with furniture and a potted plant
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a bedroom with a bed and wooden floor
a bedroom with a bed and a window
a bathroom with a sink a toilet and a mirror
a utility room with a washer and dryer
a view of storage and utility room with washer and dryer
a living room with furniture and a large window
a living room with furniture and wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a bathroom with a sink and a mirror
a utility room with a window dryer and cabinets
a kitchen with a sink wooden floor and stainless steel appliances
a bathroom with a granite countertop sink and a mirror
a bathroom with a sink and a mirror
a bathroom with a toilet sink and mirror
a view of an empty room
a bedroom with a bed and a wooden floor

Description

Turnkey, Design Centric Mid-Century Modern 93-unit Apartment in Playhouse Village. Class A Location, Completely Renovated, almost brand-new MEP. All Units fully upgraded, Overparked w/ 173 parking, RUBS in Place. Below replacement cost for an Asset of this quality and location. THE THISTLE – 262 N Los Robles Ave, a Design Centric 93-unit Mid Century modern luxury apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within Pasadena Village...Turnkey, Design Centric Mid-Century Modern 93-unit Apartment in Playhouse Village. Class A Location, Completely Renovated, almost brand-new MEP. All Units fully upgraded, Overparked w/ 173 parking, RUBS in Place. Below replacement cost for an Asset of this quality and location. THE THISTLE – 262 N Los Robles Ave, a Design Centric 93-unit Mid Century modern luxury apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within Pasadena Village District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 89 out of 100, demonstrating “walker’s paradise” location to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property has been completely upgraded from top to bottom between 2018-2020 and provides a turn-key investment offering. It has a superb location south of FWY 210, across the street from Kaiser Permanente Pasadena, and several lots away from The Westin Pasadena. Tenants enjoy walking distance to Paseo Colorado, Pasadena City Hall & Library, Old Town Pasadena, and almost all amenities City of Pasadena has to offer. The property is a three-story garden style apartment community with an expansive center courtyard on two levels of subterranean parking. The community offers excellent amenities such as Leasing Office, On-site manager, fitness center, BBQ/picnic area, fire pit, controlled access, security cameras, courtyard, dog wash, subterranean parking, secured bike storage, storage units, secured package room with parcel pending lockers, complete convenient towel service, boutique catering kitchen appliances, elevator, and laundry room. The current ownership have completely upgraded the community from top to bottom in 2018-2019 and replaced all the systems which includes: new roof, new mechanical system, new electrical, new plumbing & sewer system, new elevator, new landscaping, new security camera system, new parking gate, new entry system, and others (buyer to verify during inspection), making this property a truly turnkey investment. The property offers an attractive unit mix with seven (7) 2 bedroom+1 bathroom, fifty-five (55) large 1 bedroom+1 bathroom, seven (7) 1 bedroom+1 bathroom, sixteen (16) studio, and eight (8) small studio/micro units. All the units have been completely upgraded with tastefully design upgrades.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • han.chen@growthinvestmentgroup.com

Property Details for 262 North Los Robles Avenue

Architectural Style
Mid Century Modern
View
City Lights, Mountain(s), Neighborhood
Parking Spaces Total
173
Private Pool
No
Cooling Type
Central Air, Wall/Window Unit(s)
Total Units
93.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 11/18/2025 10:34 AM

Property Details for 262 North Los Robles Avenue

StatusActive
MLS #AR25259261
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built-
CountyLos Angeles County

Location

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321
Add your commute

Building Information for 262 North Los Robles Avenue

Building/ComplexThistleFloor-Stories3Residences93Pet Policy-Pet Policy DetailsPets AllowedYear Built-Building Size-

Payment Calculator

$209,654 per month

30 year fixed, 6.28% Interest

Principal and Interest

$183,324

Property Taxes

$26,330

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 262 North Los Robles Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Parking Fee, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $3,021,112
  • Gross Scheduled Income: $3,021,112
  • Vacancy Allowance: 75917
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $2,937,174
  • Net Operating Income: $1,689,102
  • Gross Multiplier: 12.63
  • Cap Rate: 4.55
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $1,248,072
  • Operating Expense Percent: 42.00%
  • New Taxes Expense: $415,749
  • Gardener Expense: $11,700
  • Fuel Expense: $16,278
  • Licenses Expense: $3,460
  • Pest Control Expense: $4,010
  • Electric Expense: $41,965
  • Insurance Expense: $70,756
  • Maintenance Expense: $125,484
  • Professional Management Expense: $85,943
  • Trash Expense: $65,997
  • Water Sewer Expense: $17,639
  • Total Expenses: $1,248,072
Tax / Assessment Info
  • Tax Annual Amount: $415,749
  • Tax Tract Number: 0
  • CFD/Mello-Roos Fee: $15,279
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban, Valley
Property / Structure Info
Interior Features
  • Appliances: Freezer, Disposal, Gas Range, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Equipment: Community, Dryer, Dryer Included, Freezer, Gas Dryer Hookup, Laundry Area, Microwave, Refrigerator, Washer, Washer Hookup, Washer Included
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Resident Manager, Security Lights, Smoke Detector(s)
  • Security: Automatic Gate, Gated Community
  • Construction Materials: Concrete
  • Exterior Construction: Concrete
  • Roof: Asphalt, Flat
  • Entry Location: 1
  • Fence: Yes
  • Fence: Glass/Plexiglass, Stucco Wall
  • Fencing: Glass, Security, Stucco Wall
  • Foundation Details: Concrete Perimeter
  • Foundation Details: Concrete Perimeter
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Landscaped, Level with Street, Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
  • Direction Faces: West
  • Number Of Units: 93
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 173
  • Parking: Yes
  • Parking Garage: Assigned, Garage, Gated, Private
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 173
  • Carport Spaces: 0
  • Parking Features: Assigned, Covered, Concrete, Garage, Gated, On Site, Private
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 14
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,950
  • Unit Type Total Rent: $20,653
  • Unit Type Pro Forma: 21700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 55
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 55
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,581
  • Unit Type Total Rent: $141,975
  • Unit Type Pro Forma: 154000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,439
  • Unit Type Total Rent: $17,073
  • Unit Type Pro Forma: 18200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 16
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 16
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,239
  • Unit Type Total Rent: $35,820
  • Unit Type Pro Forma: 40000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,682
  • Unit Type Total Rent: $13,459
  • Unit Type Pro Forma: 14400
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 93
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 93
  • Number Of Separate Gas Meters: 93
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 93
  • Number With Range: 93
  • Number With Refrigerator: 93
  • Number With Disposal: 93
  • Number Wall AC: 93

Property History for 262 North Los Robles Avenue

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Listed (Active)

CLAW #AR25259261MR

$37,100,000—
Nov 12, 2025

Listed (Active)

SDMLS #AR25259261

$37,100,000—
Nov 12, 2025

Listed (Active)

CRMLS #AR25259261

$37,100,000—
Nov 2, 2017

Sold (Public Record)

Public Record #609300372

$23,550,000—
Aug 23, 2017

Withdrawn / Cancelled

CRMLS #AR17170087

—
Jul 25, 2017

Listed (Active)

CRMLS #AR17170087

—
DateEvent & SourcePrice
11/12/2025

Listed (Active)

CLAW #AR25259261MR

$37,100,000
11/12/2025

Listed (Active)

SDMLS #AR25259261

$37,100,000
11/12/2025

Listed (Active)

CRMLS #AR25259261

$37,100,000
11/02/2017

Sold (Public Record)

Public Record #609300372

$23,550,000
08/23/2017

Withdrawn / Cancelled

CRMLS #AR17170087

—
07/25/2017

Listed (Active)

CRMLS #AR17170087

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 262 North Los Robles Avenue

Taxable ValueLand$15,929,609Additions$10,902,555Total$26,832,164
Tax Record2025$315,965 ($26,330 / month)
Home Facts
Total Finished SqFt55,435 SqFtAbove Grade Finished SqFt55,435 SqFtLot Size41,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningPSC-CountyLOS ANGELESAPN5723-005-042

Schools near 262 North Los Robles Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Odyssey Charter School - South
Charter - K to 8
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 262 North Los Robles Avenue, Pasadena, CA 91101

262 North Los Robles Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on November 12, 2025 by Growth Investment Group Pasade, it's currently listed at $37,100,000. It has been on the market for a total of 30 days and was last sold on November 2, 2017. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 262 North Los Robles Avenue is a 4-bed, 93-bath, 55,435 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Handoko Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.