Shaver St Las Plaza
Description
Las Plazas Apartments boast a prime location with easy access to Interstates 45 and 610, offering convenient travel throughout the state. Just minutes away from top dining, shopping, and entertainment, the property is also located within the highly regarded Pasadena Independent School District.
The community offers five spacious floor plans, including one, two, and three-bedroom units. Residents enjoy features like private balconies or patios, ceiling fans, air conditioning and heating, and ceramic tile flooring. Pet-friendly, Las Plazas also includes a dedicated bark park. Additional amenities include gated access, on-site and on-call maintenance, and an on-site laundry facility.
Between 2016 and 2019, the property underwent significant renovations and repairs totaling $1,351,681. A new roof is installed in 2025. Additionally, 19,000 sqft of the land will be conveyed with the apartment complex. This property is available for purchase via loan assumption, cash purchase, or a new loan, with approximately five years remaining on a Fannie Mae loan at a 3.35% interest rate, which can be transferred to the buyer. The total outstanding debt is approximately $3.2 million.
Unit Mix:
1 Bed / 1 Bath – 44 units
2 Bed / 1 Bath – 32 units
3 Bed / 1 Bath – 2 units
3 Bed / 1.5 Bath – 2 units
Financial Details:
Approximately: $3.2M (Fannie Mae, 3.35% interest, ~5 years remaining)
Address
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Country United States
Overview
- Property ID 8410
- Price $6,000,000 M
- Property Type For Sale
- Property status Commercial
- Year Built 1964
- Label Active
- Sale Type Investment
- No. Units 80
- Property Type Multifamily
- Property Subtype Apartment
- Apartment Style Garden
- No. Stories 2
- Year Built 1964
- Parking Ratio 2.3/1,000 SF
- Additional Land Conveyed 19,000
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