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Foreign Investor Pays Princely Price for Pasadena Apartments

Deal Is One of City’s Most Expensive on Record
The Encore is a five-story apartment building in Pasadena, California, that consists mainly of two-bedroom units, though there are also several studios and three-bedroom units. (CoStar)
The Encore is a five-story apartment building in Pasadena, California, that consists mainly of two-bedroom units, though there are also several studios and three-bedroom units. (CoStar)
By Clare Kennedy
CoStar News
February 25, 2021 | 2:28 P.M.

The Encore, a 28-unit apartment building in Pasadena, California's Playhouse District, has sold for the second-highest price per unit paid for a multifamily property in the city over the past decade.

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