296 N Oakland Avenue, Pasadena, CA 91101

243406802 34.15112 -118.13959 124 /listing/243406802-150152286/296-n-oakland-avenue-pasadena-ca-91101 False 0 9400000.0 105 AR19143154 False
  • $9,400,000
  • 20,401 lot
  • Est payment $50461.23/mo

Property & Neighborhood Info

Courtesy Of Handoko Chen, GIG Real Estate Inc.

Multi-Family in Pasadena

296 N Oakland Ave, a 25-unit fully renovated non-rent-controlled apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within the Pasadena Playhouse District, it has a Walk Score 87 out of 100. The property has been extensively upgraded in the past 24 months. It has new copper plumbing, new electrical in each unit, new sewer line, new paint, new landscaping, new entry gate, new railings, new security cameras, new parking gate opener, newly resurfaced driveway, etc. It is a two-story garden style apartment community with a beautifully manicured center courtyard complete with new drought-tolerant landscaping. It was built in 1957 and has been completely renovated in 2017/2018. It has a total of ±14,824 sqft living space and is situated on a ±20,303 sqft R3 lot. It offers an excellent curb appeal complete with secured entrance and intercom system. Each unit separately metered for electricity and gas. Each unit has been completely replaced with new luxury wood flooring, smooth ceiling complete with recessed lighting, mini split a/c system, double-pane windows throughout, new entry and interior doors, new kitchen complete with new cabinets, quartz countertops, stainless steel sinks, stainless steel appliances, in-unit laundry machine (washer-dryer or stack-up), new tiled bathroom with bathroom vanity cabinets, ceiling fans in bedroom with mirrored closet doors, and etc. Soft story retrofit will be completed soon.

Courtesy Of Handoko Chen, GIG Real Estate Inc.
  1. 20,401 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1957
  • Floors: 2
  • County: Los Angeles County
  • Units: 25
  • Zoning: PSC-
  • MLS Number:AR19143154

Additional Features

  • Cooling:
    • High Efficiency
  • Flooring:
    • Vinyl
    • Wood
  • Laundry:
    • Common Area
    • Community
    • Dryer Included
    • Gas Dryer Hookup
    • Washer Hookup
    • Washer Included
  • Laundry Equipment:
    • Own
  • Fireplace:
    • None
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Windows:
    • Double Pane Windows
    • ENERGY STAR Qualified Windows
  • Condition:
    • Turnkey
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 36-40 Units/Acre
    • Level
    • Lot 20000-39999 Sqft
    • Near Public Transit
    • Rectangular Lot
    • Yard
  • Pool Features:
    • None
  • Carport Spaces:
    • 25.00
  • Parking:
    • Asphalt
    • Assigned
    • Circular Driveway
    • Detached Carport
    • Driveway
  • Parking Spaces:
    • 25.00
  • Heating:
    • High Efficiency
  • Sewer:
    • Public Sewer
  • Utilities:
    • Natural Gas Connected
    • Phone Connected
    • Sewer Connected
    • Water Connected
  • Community Features:
    • Urban
    • Valley
  • Number of Buildings:
    • 1
  • Gross Income:
    • 556558.00
  • Net Operating Income:
    • 381680.00
  • CDOM:
    • 210
  • Assessments:
    • Buyer to Verify
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 545390.00
  • Insurance Expense:
    • 5554.00
  • Lot Size Acres:
    • 0.4683
  • Lot Size Area:
    • 20401.0000
  • Lot Size Square Feet:
    • 20401.00
  • Maintenance Exp:
    • 7117.00
  • Operating Expense:
    • 163710.00
  • Price Per Unit:
    • 376000
  • Tax ID:
    • 5723006039
  • Total Expenses:
    • 163710.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Laura Thomas
Laura Thomas
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296 N Oakland Avenue Pasadena, CA 91101

243406802 34.15112 -118.13959 124 /listing/243406802-150152286/296-n-oakland-avenue-pasadena-ca-91101 False 0 9400000.0 105 AR19143154 False
  • $9,400,000
  • 20,401 lot
  • Est payment $50461.23/mo