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8/11/25
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Avila Apartments, a 201-unit Class A multifamily property at 75 West Walnut St in Pasadena, has traded hands in a recent deal. The asset was sold by Greystar.
Built in 2018, the property offers studios, one- and two-bedroom luxury apartments with an average unit size of 875 sf. Each unit has stainless steel appliances, hardwood floors and in-unit washer and dryers. Community amenities include a resort-style pool and spa, fitness center, resident clubhouse, a business center with co-working spaces, and three rooftop terrace lounges.
Located in the heart of Pasadena, Avila Apartments benefits from proximity to Old Town Pasadena, the Metro Gold Line and major employment centers. The area offers walkable access to a mix of restaurants, shops and cultural attractions, as well as easy connectivity to downtown Los Angeles and surrounding cities via Interstate 210 and State Route 134.
CBRE’s Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented the seller in the transaction. Troy Tegeler and Ryan Greer of CBRE’s Debt and Structured Finance practice facilitated the loan on behalf of the buyer.
According to research analyzed by CBRE, Pasadena’s strong rental demand, limited new supply and affluent demographics make it one of the most sought-after submarkets in Southern California.
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