Exclusive Offering
The Oak Knoll Collection is a portfolio of two parcels on separate sides of the street in City Council District 7. With the ability to purchase each lot individually or as a portfolio, this opportunity allows for a wide range of developers that are looking to build in one of the most sought-after cities for work, entertainment, and residence in Southern California.
The Oak Knoll Collection is centrally located with easy access to the Lake Business District, Paseo Colorado, Shoppes on Lake, Old Town Pasadena, Cal Tech, PCC, Rose Bowl, and many other attractions.
With the portfolio being offered as unentitled land, a new builder / developer will have the opportunity to customize and value engineer the development for profitable returns. Each lot presents wide open possibilities to create unique and cost-effective housing.
Pasadena is one of the most competitive market-places for all real estate consumers. With the high barrier to entry for purchase, this portfolio is ideal for a builder looking for proven absorption rates.
Portfolio Price:
$4,695,000
150 S. Oak Knoll: $2,550,000
139 S. Oak Knoll: $2,145,000
OPPORTUNITY HIGHLIGHTS
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Two parcels totaling ±18,517 SF-139 S. Oak Knoll is ±8612 SF & 150 S. Oak Knoll is ±9,905 SF
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Build up to a combined 35 units (with density bonus) on both lots-density allowed is 60 units/acre (Buyer to Verify)
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Per Costar, Pasadena has averaged 3% annual rental growth
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Pasadena consists of 56% renters-high barrier to entry purchase market
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Within proximity to Pasadena's best offerings-Old Town Pasadena, Paseo Colorado, Rose Bowl, Shoppes on Lake Avenue
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Fantastic academic institutions-Cal Tech, PCC, and the future Kaiser Permanente Medical School
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Easy access to 210, 134, and 110 Freeways
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Centrally located to Downtown Los Angeles, Westfield Santa Anita, Highland Park, and Glendale
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