Pasadena Gateway Villas, Pasadena, CA
140-unit apartment community in downtown Pasadena with considerable potential for alpha generation through targeted renovations and active management.
Hines U.S. Property Recovery Fund (HUSPRF)
Living community near transit, employment, education, and retail hubs
AT A GLANCE
Pasadena, CA
Pasadena Gateway Villas is situated within a leading retail node, near a Los Angeles Metro Rail station and several major freeways.
138,172 SF, 2 Bldgs / 140 Units
Description
In March 2025, Hines U.S. Property Recovery Fund (HUSPRF) acquired Pasadena Gateway Villas, a multifamily property in Pasadena, California. The property is situated in a walkable, amenity-rich neighborhood and is accessible to major freeways and a Metro station, providing convenient access to employment, education, and retail hubs in the Los Angeles metropolitan area.
These factors enhance the rental profile of the property, particularly in a submarket with extremely low vacancy rates and a limited pipeline of future supply. This 140-unit community offers a mix of studio, one-, two-, and three-bedroom residences and provides a meaningful discount to area homeownership.
The Fund intends to add value by renovating units, repositioning common areas and improving amenity spaces, as well as actively managing and leasing up the property.
Gallery
Disclosures
Pasadena Gateway Villas is part of the HUSPRF portfolio. The case study presented herein is for illustrative purposes only. It should not be assumed that investments made in the future will be comparable in quality or performance to the investment described herein.
The case studies selected are the most recent acquisitions in HUSPRF’s primary focus sectors.
HUSPRF is closed to new investors.
For use by professional/accredited investors only.