The Legends at Pasadena Hills 7376 San Diego Avenue
St. Louis, MO 63121
For Sale
271,188 sqft
Sale Price
Contact Broker For Pricing
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Multifamily For Sale - Available Immediately
324-Unit Multifamily Opportunity with Upside Potential in St. Louis MSA
324-unit garden-style community offering strong economies of scale and operational efficiency
Recent capital improvements totaling over $6.8 million have been completed, including new roofs, electrical remediation, HVAC, plumbing, unit renovations, and general improvements throughout
Close proximity to the $1.8 billion dollar Boeing defense campus expansion redevelopment providing improved occupancy demand
53% of the units are in classic or near classic condition allowing the opportunity for new ownership to continue renovations to drive rent growth
Offered below replacement cost, providing an attractive basis and long-term appreciation potential
Strong in-place cash flow with occupancy at 92.3%
Strong workforce housing demand in North St. Louis County supporting stable occupancy and cash flow
Located less than one mile from the I‑70 and Lucas & Hunt interchange, providing convenient access, to major highways, employment centers, and retail corridors throughout the St. Louis MSA
Proximity to the University of Missouri–St. Louis (UMSL), which supports sustained rental demand, along with close access to Express Scripts, a major regional employment hub driving strong renter and workforce activity
Delivered free and clear of existing debt, allowing flexibility in financing structure
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Max Barron
CBRE, as exclusive marketing advisor, is pleased to present the opportunity to acquire The Legends at Pasadena Hills (“the Property”), a 324-unit, garden-style apartment community situated on 14.25 acres in North St. Louis County, Missouri. Constructed in 1971 and renovated in 2023, the residential property includes 271,188 total square feet of rental space throughout 11 buildings.
Investors have a compelling opportunity to acquire The Legends at Pasadena Hills, a 324-unit garden-style multifamily community located in the Norwood Court/Pasadena Hills area of St. Louis, Missouri. The property has recently undergone significant capital improvements, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
The Legends at Pasadena Hills benefits from its established location within North St. Louis County, offering convenient access to major highways, employment centers, and nearby retail amenities. The surrounding area continues to experience ongoing investment and stabilization, supporting long-term demand and enhancing the property’s future growth potential.
The Legends at Pasadena Hills is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Investors have a compelling opportunity to acquire The Legends at Pasadena Hills, a 324-unit garden-style multifamily community located in the Norwood Court/Pasadena Hills area of St. Louis, Missouri. The property has recently undergone significant capital improvements, providing a strong foundation for continued performance while still offering meaningful upside through further interior unit renovations.
The Legends at Pasadena Hills benefits from its established location within North St. Louis County, offering convenient access to major highways, employment centers, and nearby retail amenities. The surrounding area continues to experience ongoing investment and stabilization, supporting long-term demand and enhancing the property’s future growth potential.
The Legends at Pasadena Hills is being sold unpriced on a free and clear basis. A call for offers date will be announced during marketing.
Norwood Court and Pasadena Hills are small, historic municipalities in North St. Louis County with a combined population of about 2,000, offering convenient access to Normandy, major employment centers, and key transportation routes across the region.
The area is home to the University of Missouri–St. Louis (UMSL), providing residents with access to higher education and cultural events, while the nearby MetroLink UMSL South Station supports easy commuting throughout the St. Louis area.
Nearby Normandy further enhances the community with a public library, strong school district, and ongoing improvements like the Natural Bridge Road “Great Streets” initiative. Residents also benefit from proximity to shopping and daily conveniences at Plaza on the Boulevard, North Oaks Plaza, and Beverly Hills Shopping Center, along with grocery options including ALDI, Schnucks, and Save-A-Lot, and major employers such as Express Scripts.
With quick access to I‑70 and I‑170, commuting to Clayton, downtown St. Louis, and other business hubs is efficient and convenient.
Located just over six miles from St. Louis Lambert International Airport, the community is well positioned to take advantage of the airport’s ongoing redevelopment—a multi‑billion‑dollar effort that includes plans for a new single, consolidated terminal, expanded capacity, and modernized facilities designed to improve efficiency and the overall passenger experience into the early 2030s
The area is home to the University of Missouri–St. Louis (UMSL), providing residents with access to higher education and cultural events, while the nearby MetroLink UMSL South Station supports easy commuting throughout the St. Louis area.
Nearby Normandy further enhances the community with a public library, strong school district, and ongoing improvements like the Natural Bridge Road “Great Streets” initiative. Residents also benefit from proximity to shopping and daily conveniences at Plaza on the Boulevard, North Oaks Plaza, and Beverly Hills Shopping Center, along with grocery options including ALDI, Schnucks, and Save-A-Lot, and major employers such as Express Scripts.
With quick access to I‑70 and I‑170, commuting to Clayton, downtown St. Louis, and other business hubs is efficient and convenient.
Located just over six miles from St. Louis Lambert International Airport, the community is well positioned to take advantage of the airport’s ongoing redevelopment—a multi‑billion‑dollar effort that includes plans for a new single, consolidated terminal, expanded capacity, and modernized facilities designed to improve efficiency and the overall passenger experience into the early 2030s
Total Space Available
271,188 sqft
Sale Price
Contact Broker For Pricing
Get in touch
Matt Bukhshtaber
Kenin Halilovic
Max Barron