The three-story, 70,648-square-foot apartment building is located at 385 S. Catalina Ave. in a quiet residential neighborhood a few blocks from historic Old Town Pasadena and adjacent to Colorado Boulevard, one of Greater Los Angeles’ most popular entertainment and shopping areas. “The Mark Pasadena’s central location within the adjoining employment centers of Glendale, downtown Los Angeles and Burbank make it a perennially attractive apartment community,” adds Green. “Pasadena alone has a daytime job base of 110,000.”

When the property first hit the market, Green mentioned that very few assets of this size were on the market in Pasadena, especially ‘upsize’ assets of 75 units and more,” Green said.

The Mark Pasadena was constructed in 1973 and moderately updated in 2006 and 2007. The property features a variety of floor plans and many community amenities, including gated subterranean parking, a heated swimming pool and spa, a rooftop sundeck lounge and six on-site laundry facilities. The units feature central air conditioning and heating, plush Powerball carpeting, mirrored wardrobes, breakfast and wet bars in select units, gas-burning fireplaces and private balconies or patios.

The property is comprised of 36 one-bedroom/one-bath units, 20 one- bedroom/1.5- bath-with-den units, 12 one-bedroom/1.5- bath townhome-style units, four two-bedroom/1.5- bath units and 12 two-bedroom/two-bath units.