Sold

275 S OAKLAND Avenue

Pasadena CA, 91101

$10,500,000


$381.47 per sqft

Sold

39 Beds

34 Baths

27,525 sqft

Residential

Built in 1962

Listed by Benjamin J. Hsiang with Realty Investment Advisors, Inc. 424-377-6001

We are pleased to present the opportunity to acquire a rare, partially remodeled, 24 unit multi-family investment opportunity at 275 South Oakland Avenue in Pasadena, California. Built in 1962 and well maintained by the current ownership, this 27,525 square foot building consists of ten 2 bedroom 1.75 bath units, five 2 bedroom 1 bath units and nine 1 bedroom 1bath units. Located on one of the best streets in Pasadena, all 24 units have central heating and air conditioning along own individual meters for gas and electricity. Recent upgrades to the property include an updated modern elevator cab interior and renovated pool. The property features a secured entry and lobby, 34 on-site gated parking spaces, balconies in select units and laundry facilities on each floor. With an outstanding Walk-Score of 88, this provides residents an abundance of walking distance amenities, countless dining options, entertainment venues & shopping. Given the property's unmatched location and opportunity for earning potential, 275 South Oakland is a generational asset that can offer investors strong risk-mitigated returns and long-term appreciation.

22170471

MLS ID

June 21, 2022

Listed

March 23, 2024

Updated

Map

275 S OAKLAND Avenue
Pasadena CA, 91101

Interior Features

Total Stories

3


Bedrooms

39 Beds


Bathrooms

34 Baths


Appliances

Dishwasher


Laundry Description

Common Area, Laundry Room


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.37 Acres

Other Property Details

Area Name

648 - Pasadena (SE)


Days on Market

38


Association Amenities

Controlled Access, Pool


Garage

No


Parking

Controlled Entrance, Covered


Parking Total

34


View

No


County

Los Angeles


Pool

Yes


Pool Features

In Ground, Association


Zoning

PSR4


Buyer Agency Compensation

1.5%

Listing Contact: 424-377-6001 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:52 AM UTC

 

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