Investment Highlights
Arpeggio of Pasadena is located within Pasadena/Arcadia, one of the premier submarkets in Southern California. The property is located less than a mile from Foothill (210) Freeway which connects Arpeggio of Pasadena to the Tri-Cites area, San Fernando Valley, and other major employment centers along the 210 corridor. Also located within a mile of the property are the shopping districts of Old Town Pasadena, South Lake District, Playhouse District and Paseo Colorado, which are home to more than 600 retailers and local businesses. The property offers access to various cultural, entertainment, and recreational amenities, while also boasting some of the highest rated eateries in Los Angeles.
Property Highlights
Arpeggio is a 135-unit community with luxury apartments varying between 1-bedroom (67%) and 2-bedroom (33%) units averaging 890 square feet. The property was developed in 2002 resulting in a high-quality finish in every unit. The property represents an ideal core-plus investment, with the opportunity to benefit from low capital expenditures, below market in-place rents, and the organic growth of the Pasadena market.
Community Amenities
- Fitness Studio
- BBQ & Picnic Area
- Garage parking lot
- Package lockers