149 S Los Robles Ave, Pasadena, CA 91101

Property Description

The Stanley is a 1920’s Reinforced Brick Building consisting of 39 units. There are also 4 non-conforming units (a penthouse unit & 3 basement units, 1 of which is currently being used as a hair salon). The nostalgic character comes from its previous use as The Stanley Hotel and still has the lobby and front desk. Most units have original wood flooring except some have been replaced with laminate. All units have radiator heating by the boiler in the basement. All units that have a refrigerator or stove are provided by the landlord. AC is provided by the tenant. The gas & electricity are master-metered. The subject property offers street parking with many tenants choosing to lease from neighboring public parking structures, a common area laundry room with 2 washers/2 dryers leased from WASH & a vintage elevator. The property offers gated entry, a basement with 30 storage units each measuring approx. 6x6 ft currently being used by the landlord. The property has some breakers & some fuses, original galvanized plumbing with some copper replacements as needed & has a possible option to convert non-confirming unit to an ADU. Buyer to verify.