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275 N Oakland Ave, Pasadena, CA 91101
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275 N Oakland Ave Pasadena, CA 91101

$5,400,000 Sold Price as of 02/17/2020
  • 9 Beds
  • 12 Baths
  • 8,041 Sq.Ft.
Sold
$5,400,000 Sold Price as of 02/17/2020 Refinance Your Mortgage
Map preview of 275 N Oakland Ave, Pasadena, CA 91101

Property Overview: 275 N Oakland Ave Pasadena, CA has 9 bedrooms, 12 bathrooms, 8,041 living square feet and 9,994 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 275 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 12 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been completely renovated, was built in 1956. It is a two-story garden style apartment with an excellent curb appeal. It offers a good unit mix of nine (9) large 1-bedroom+1-bathroom, and three (3) studio units. It is separately metered for gas and electric, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. It has 11 parking spaces in the back and 2 spaces in the front. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades.

Listed by Handoko Chen | BRE #01749321 | GIG Real Estate Inc.
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 134

Home details

Lot Sq. Ft
9,994
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
AR19215809
City
Pasadena
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 9
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 17.5
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 275 N Oakland Ave

Interior Features
Cooling Information
  • Has Cooling
  • ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+
Heating Information
  • Has Heating
  • ENERGY STAR Qualified Equipment, High Efficiency, Combination
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 5723005035
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
Neighborhood Information
  • Community Features: Urban, Valley
View more facts & features

Local Pasadena Agent

Sale History for 275 N Oakland Ave

Last sold for $15,000,000 on February 18th, 2020

  • February, 2020

  • Feb 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $15,000,000

    Price

  • February, 2020

  • Feb 17, 2020

    Date

    Sold

    CRMLS: AR19215809

    $5,400,000

    Price

  • Jan 22, 2020

    Date

    Pending

    CRMLS: AR19215809

    $5,710,000

    Price

  • Sep 10, 2019

    Date

    Active

    CRMLS: AR19215809

    $5,710,000

    Price

  • April, 2018

  • Apr 29, 2018

    Date

    Expired

    CRMLS: AR17224078

    $3,220,000

    Price

  • Nov 7, 2017

    Date

    Withdrawn

    CRMLS: AR17224078

    $3,220,000

    Price

  • Sep 29, 2017

    Date

    Active

    CRMLS: AR17224078

    $3,220,000

    Price

  • Listing provided courtesy of CRMLS

    * CAP RATE and GRM are PROFORMA ONLY. The property is 100% VACANT 275 N Oakland Ave is a 12-unit value-add non-rent controlled apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100, demonstrating high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. Built in 1956, the property is a two-story garden style apartment with a side walkway and 12 parking spaces. Amenities include a shared laundry room, secured entrance, and gated parking. The property is separately metered for electricity and gas. The property has a total of twelve (12) units, with nine (9) 1 bedroom+1 bathroom and three (3) studio units. It has 15 parking spaces provided by 5-carport, 6 tuck-under, and 4 open spaces. The property is being sold completely vacant in an as-is condition. This presents a clean slate opportunity for value-add investors to acquire a TRUE value-add apartment deal in a Class A location in San Gabriel Valley submarket.

  • January, 2018

  • Jan 4, 2018

    Date

    Sold (Public Records)

    Public Records

    $22,750,000

    Price

Show More

Tax History for 275 N Oakland Ave

Assessed Value (2020): $3,545,683
Year Land Value Improved Value Assessed Value
2020 $2,481,354 $1,064,329 $3,545,683

Home Value Compared to the Market

This property vs the competition

275 N Oakland Ave sold on February 17, 2020 for 375.83% higher than the current median sold price for the city of Pasadena which is $1,200,000. The median sold price per/sqft for Pasadena is $781 and this home is sold at $710.11 per/sqft which puts the price per square foot 9.08% lower than the current median sale per square foot for the city of Pasadena.

About 275 N Oakland Ave

Detailed summary of property

275 N Oakland Ave is a apartment that recently sold in Pasadena, CA 91101. This apartment offered 9 bedrooms, 12 bathrooms, roughly 8,041 living square feet, and sits on an approximately 9,994 square foot lot. 275 N Oakland Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $5,400,000. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $781. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 375.83% higher than the current median priced home. Local homes that are currently for sale include 233 N Kenmore Ave, 201 N Normandie Ave and 201 N Normandie Ave. While the average home in Pasadena, CA is selling in 56 days, 275 N Oakland Ave has a days on market of 134 days. There are currently 335 homes for sale in the Pasadena real estate market and 179 of them are single family homes while 119 of them are condos and 37 are townhomes. For more information on this home for sale at 275 N Oakland 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 275 N Oakland Ave

Public county record property details
Beds
11
Baths
12
Year built
1956
Sq. Ft.
8,041
Lot Size
9,994
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,17
APN
5723-005-035

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
$819,900
Median List Price/Sq.Ft.
$728
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$798
Total Inventory
59
Median Sale to List Price %
99.01%
Avg Days on Market
60
Loan Type
Conventional (45.45%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

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Recently Sold Homes Near 275 N Oakland Ave

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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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