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155 S Oak Knoll Ave, Pasadena, CA 91101
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155 S Oak Knoll Ave Pasadena, CA 91101

$8,250,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$8,250,000 Get Pre-Qualified
Map preview of 155 S Oak Knoll Ave, Pasadena, CA 91101

Property Overview: 155 S Oak Knoll Ave Pasadena, CA has -- bedrooms, -- bathrooms, -- living square feet and 14,510 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This property is offered for sale mainly for its land value. An ideal property for developers and builders:  It has a lot size of 14510 sq ft (or 1/3 acre), zoned PSC (allowing 60–87 units per acre, see Pasadena Land Use Map attached). The property can yield up to 28–31 buildable units. Check with the city for a high-density bonus unit allowance. There are a couple ongoing construction sites on the same street that have permits for 17 units on .20 ac (or 85 u/acre) and 19 units on .23 ac (or 84 u/acre). It is centrally located in Pasadena's most desirable area, south of Colorado, west of Lake, close to Old Town Pasadena, Cal Tech, PCC, and Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Presently, the property has 4 existing structures on the lot, consisting of 1 SFR, 1 duplex, and 2 fourplexes, with a GSI of up to $332,000 per year (pro forma). Great bonus while waiting for building permits! All structures are to be sold "as is."  Submit your best offer by considering the number of buildable units and the value of all the new units after construction. A substantial profit! All information provided is deemed reliable but is not guaranteed and should be independently verified. Seller made no warranties or representations of any kind.

Listed by Q JENSAN CHENG | BRE #00940973 | JENOAK PROPERTIES
Last checked: 2 minutes ago | Last updated: May 1st, 2024 | Source CRMLS | DOM: 32
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Home details

Lot Sq. Ft
14,510
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
WS24063203
City
Pasadena
County
Los Angeles
Time on Site
33 days

Open Houses for 155 S Oak Knoll Ave

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Property Details for 155 S Oak Knoll Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Parcel Number: 5734023020
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: South to Colorado, West of Lake, Cross street is Cordova
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Pasadena Agent

Sale History for 155 S Oak Knoll Ave

View property's historical transactions

  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: WS24063203

    $1

    Price

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20220302

    $5,988,000

    Price

  • Dec 26, 2020

    Date

    Withdrawn

    CRMLS: WS20220302

    $5,988,000

    Price

  • Nov 20, 2020

    Date

    Active

    CRMLS: WS20220302

    $5,988,000

    Price

  • Listing provided courtesy of CRMLS

    This property is offered for sale for its Land Value. It has a lot size of 1/3 acre, zoned R60 (60 units /acre) which allows at least 20 units to be built, check with City for possibly more Density Bonus unit allowance. An ideal property for Developers and Investors. Centrally located in Pasadena most desirable area, South of Colorado, West of Lake, close to Old Town Pasadena, Cal Tech, PCC and the future Kaiser Permanente Medical School. Easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Best of both worlds: although advertised for sale here for its land value, the property is presently bringing in an AGI of approx. $200,000, and an NOI of $121,000, post property tax reassessment. It has 11 existing mixed units, consists of a 2B2b Single Family Residence, one 2B1b apartment, three 1B1b apt and 6 Studios. It has 12 parking spots which comprised of one 2-car garage, three 1-car garage and 7 outdoor parking spaces. And lots of room to improve or add on to the present building structures. This property is also listed as a Residential Income Property (Listing ID WS20244320). Property is to be sold "as is", no repairs. One half unit is to be delivered empty at COE (Owners' shared unit - in remodeling stage). All information provided is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Seller is a Real Estate Licensee and the Listing Broker in this transaction.

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: WS20244320

    $5,988,000

    Price

  • Dec 26, 2020

    Date

    Withdrawn

    CRMLS: WS20244320

    $5,988,000

    Price

  • Nov 22, 2020

    Date

    Active

    CRMLS: WS20244320

    $5,988,000

    Price

  • Listing provided courtesy of CRMLS

    This property is offered for sale as a Residential Income Property as well as for its Land value (Land Listing id. WS20220302). It sits on a 1/3 acre lot with 4 building structures: a 2B2b Single Family Residence, one Duplex (with 2 studios), two 2-story Fourplexes (with one 2B1b, three 1B1b, and 4 Studios). Totaling 11 mixed units. It has 12 parking spots comprised of one 2-car garage, three 1-car garage and 7 outdoor parking spaces. Rent is very much below market, and the property has very low maintenance. Ideal for Builders and Investors: This property has a big bonus due to its Land Value alone. Zoned R60 (60 units/acre) allowing at least 20 units to be built on the lot, check with City for possibly more Density Bonus unit allowance. Centrally located in Pasadena most desirable area, South of Colorado, West of Lake, close to Old Town Pasadena, Cal Tech, PCC and the future Kaiser Permanente Medical School. It has easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Property is to be sold "as is", no repairs. One half of front house is to be delivered empty at COE (Owner's office- in remodeling stage). All information provided is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Seller is a Real Estate Licensee and the Listing Broker in this transaction.

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Tax History for 155 S Oak Knoll Ave

Assessed Value (2020): $1,067,166
Year Land Value Improved Value Assessed Value
2020 $792,298 $274,868 $1,067,166

Home Value Compared to the Market

This property vs the competition

155 S Oak Knoll Ave is listed 588.65% higher than the median list price for the city of Pasadena which has a median list price of $1,198,000.

About 155 S Oak Knoll Ave

Detailed summary of property

155 S Oak Knoll Ave is a land located in Pasadena, CA 91101 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 14,510 square foot lot. 155 S Oak Knoll Ave was first listed on ArdentRealEstateGroup.com on April 1, 2024. The homeowner is currently asking $8,250,000 and was originally asking $1. The median priced home in Pasadena is $1,198,000 with a median price per square foot of $798. Based on Ardent Real Estate Group's Pasadena Market Data, this home is listed 588.65% higher than the median priced home. Local competing homes currently for sale include 1626 Old Oak Rd, 16273 Chino Corona Rd and 4156-4651 Liberty Vista. While the average home in Pasadena, CA is selling in 57 days, 155 S Oak Knoll Ave has a days on market of 32 days. There are currently 261 homes for sale in the Pasadena real estate market and 154 of them are single family homes while 82 of them are condos and 25 are townhomes. For more information on this home for sale at 155 S Oak Knoll Ave Pasadena, CA 91101 contact Ardent Real Estate Group and we will put you in touch with one of our Pasadena agents.

Public Facts for 155 S Oak Knoll Ave

Public county record property details
Beds
10
Baths
16
Year built
1916
Sq. Ft.
5,881
Lot Size
14,510
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5734-023-020

The source for these homes facts are from public records.

91101 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$846,000
Median Sold Price/Sq.Ft.
$725
Total Inventory
48
Median Sale to List Price %
110.59%
Avg Days on Market
71
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (28.57%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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