Pasadena, CA 91101,275 S OAKLAND AVE
Pasadena, CA 91101,275 S OAKLAND AVE
Pasadena, CA 91101,275 S OAKLAND AVE
Pasadena, CA 91101,275 S OAKLAND AVE
Pasadena, CA 91101,275 S OAKLAND AVE
Pasadena, CA 91101,275 S OAKLAND AVE
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$10,500,000

$11,880,000

11.6%
Est.Price: ?

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Est. payment /mo

39 Beds

34 Baths

27,525 SqFt


SOLD DATE : 09/13/2022

Key Details

Sold Price $10,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 27,525 sqft

Price per Sqft $381

MLS Listing ID 22170471

Sold Date 09/13/22

Bedrooms 39

HOA Y/N No

Year Built 1962

Lot Size 0.372 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher

Laundry Common Area, Laundry Room

Exterior

Garage Controlled Entrance, Covered

Pool In Ground, Association

Amenities Available Controlled Access, Pool

Total Parking Spaces 34

Building

Story 3

New Construction No

Others

Senior Community No

Tax ID 5734010084

Security Features Key Card Entry

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.
Bought with Benjamin J. Hsiang • Realty Investment Advisors, Inc.
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