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

$5,105,000 Sold Price as of 09/23/2020
  • 20 Beds
  • 16 Baths
  • 11,187 Sq.Ft.
Sold
$5,105,000 Sold Price as of 09/23/2020 Refinance Your Mortgage

Map preview of 167 S Oak Knoll Ave, Pasadena, CA 91101

Property Overview: 167 S Oak Knoll Ave Pasadena, CA has 20 bedrooms, 16 bathrooms, 11,187 living square feet and 14,538 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to announce a unique opportunity to acquire a 15-unit apartment building, the Oak Knoll Apartments. Available for the first time in 43 years, this is an opportunity for any investor looking to purchase property in a prime location of Pasadena, with a true value-add component. The subject property consists of an excellent unit mix of three studios, four 1 bed/1 bath units, seven 2 bed/1 bath units, and one 2 bed/2 bath unit. The units are individually metered for gas and electric, and master metered for water. The property offers 6 tuck-under spaces, 8 carport spaces, and 1 garage space, as well as a shared laundry room. Across the street from the Oak Knoll Apartments are the Pasarroyo Office Buildings, which are currently undergoing a $50 million dollar renovation, with upgrades focused on a central plaza, with commercial spaces for new restaurants and retailers. The Oak Knoll Apartments have a Walker's Paradise score of 94, and are just one block west of The Shops on Lake Avenue and the South Lake Avenue Financial District. South Lake Avenue is home to Macy's department store and historic restaurants such as Celestino Ristorante and Smitty's Grill, as well as new favorites, the Granville and Mendocino Farms. South Lake Avenue's beautifully tree-lined street provides quick access to the 210 Freeway, Colorado Boulevard, and the Metro Line. 3 Units to be delivered empty at close of Escrow.

Listed by KEVIN HURLEY | BRE #01237798 | PASADENA MARKET CENTER
Co-listed by David Knight | BRE #01829234 | Keller Williams Realty
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
14,538
HOA Dues
$0/mo
Year built
1958
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS20141935
City
Pasadena
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
  • # of Electric Meters: 15
  • # of Gas Meters: 15
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,280
  • Total Rent: $3,840
  • Pro Forma/Market Rent: $4,650
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,663
  • Total Rent: $6,650
  • Pro Forma/Market Rent: $7,400
Unit Breakdown 3
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,634
  • Total Rent: $11,440
  • Pro Forma/Market Rent: $16,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.29%
  • Gross Rent Multiplier: 18.72
  • Gross Scheduled Income: $23,980
  • Net Operating Income: $177,336
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $101,792
  • New Taxes: $56,898
  • Trash: $3,738
  • Gardener: $1,681
  • Insurance: $6,000
  • Professional Management: $0
  • Water/Sewer: $5,463

Property Details for 167 S Oak Knoll Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 15
  • Parcel Number: 5734023019
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cordova St & S Oak KNoll
Neighborhood Information
  • Community Features: Curbs
View more facts & features

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Sale History for 167 S Oak Knoll Ave

Last sold for $5,105,000 on September 23rd, 2020
  • September, 2020

  • Sep 23, 2020

    Date

    Sold

    CRMLS: WS20141935

    $5,105,000

    Price

  • Aug 12, 2020

    Date

    Pending

    CRMLS: WS20141935

    $5,388,000

    Price

  • Jul 18, 2020

    Date

    Active

    CRMLS: WS20141935

    $5,388,000

    Price

  • September, 2020

  • Sep 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $5,105,000

    Price

Show More

Tax History for 167 S Oak Knoll Ave

Assessed Value (2020): $567,986
Year Land Value Improved Value Assessed Value
2020 $161,583 $406,403 $567,986

Home Value Compared to the Market

This property vs the competition

167 S Oak Knoll Ave sold on September 23, 2020 for 346.21% higher than the current median sold price for the city of Pasadena which is $1,207,500. The median sold price per/sqft for Pasadena is $757 and this home is sold at $481.63 per/sqft which puts the price per square foot 36.38% lower than the current median sale per square foot for the city of Pasadena.

About 167 S Oak Knoll Ave

Detailed summary of property

167 S Oak Knoll Ave is a multi family that recently sold in Pasadena, CA 91101. This multi family property offered 20 bedrooms, 16 bathrooms, roughly 11,187 living square feet, and sits on an approximately 14,538 square foot lot. 167 S Oak Knoll Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $5,105,000. Home in Pasadena are selling for a median price of $1,207,500 and a median price per square foot of $757. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 346.21% higher than the current median priced home. Local homes that are currently for sale include 600 N Alvarado St, 3365 Hamilton Way and 264 S Union Ave. While the average home in Pasadena, CA is selling in 63 days, 167 S Oak Knoll Ave has a days on market of 24 days. There are currently 242 homes for sale in the Pasadena real estate market and 130 of them are single family homes while 94 of them are condos and 18 are townhomes. For more information on this home for sale at 167 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 167 S Oak Knoll Ave

Public county record property details
Beds
20
Baths
16
Year built
1958
Sq. Ft.
11,187
Lot Size
14,538
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5734-023-019

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
$760,000
Median List Price/Sq.Ft.
$712
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$654
Total Inventory
48
Median Sale to List Price %
103%
Avg Days on Market
30
Loan Type
Conventional (0%), FHA (14.29%), VA (0%), Cash (57.14%), Other (28.57%)

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Related Resources to 167 S Oak Knoll Ave

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.