$10,500,000
$11,880,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Benjamin J. Hsiang • Realty Investment Advisors, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States