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395 N Oakland Ave, Pasadena, CA 91101
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395 N Oakland Ave Pasadena, CA 91101

$1,140,000 Sold Price as of 11/25/2019
  • 4 Beds
  • 4 Baths
  • 2,602 Sq.Ft.
Sold
$1,140,000 Sold Price as of 11/25/2019 Refinance Your Mortgage
Map preview of 395 N Oakland Ave, Pasadena, CA 91101

Property Overview: 395 N Oakland Ave Pasadena, CA has 4 bedrooms, 4 bathrooms, 2,602 living square feet and 9,739 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Mutli family investment property within walking distance to Old Town Pasadena. This property features two separate duplexes on a large nearly 10,000 square foot lot with tons of potential. Current configuration has over a 5% cap rate with easy path to 6%. Highest and best use may be new construction with endless possibilities! Property is conveniently located near Old Town Pasadena, Pasadena City College (PCC), California Institute of Technology (Cal Tech), shops and restaurants on Colorado Blvd, and the I-210 and 134 freeways. Easy walk to Metro Gold Line. Exclusive 91101 zip code. This 4-unit property is comprised of four (4) one bedroom, one bathroom units. All units on ground level, and feature garbage disposals, wall furnaces, front and rear entrances, and security doors. Both units in the front duplex remodeled in 2015 and feature a shared front porch and large front, fenced yard. New kitchen cabinets, granite counters, floors, microwaves, stoves, and fridges. Some windows updated. High ceilings. The rear duplex has minor updates and needs TLC or rebuild. Private yards. Three divided garages in rear with 5+ additional parking spaces. Onsite coin-op laundry room for additional income for owner (no contract). Large storage basement under front duplex for owner use. Drive by only! Please do not disturb tenants.

Listed by Kristine Kurz | BRE #02042035 | Real Estate Ebroker Inc
Last checked: 6 minutes ago | Last updated: May 13th, 2022 | Source CRMLS | DOM: 21

Home details

Lot Sq. Ft
9,739
HOA Dues
$0/mo
Year built
1901
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19221517
City
Pasadena
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,245
  • Total Rent: $1,245
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,745
  • Total Rent: $1,745
  • Pro Forma/Market Rent: $1,745
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,160
  • Net Operating Income: $60,666
  • Gross Operating Income: --
  • Laundry Income: $1,200
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $13,494
  • Electric: $700
  • Gas/Fuel: $666
  • New Taxes: $12,000
  • Trash: $952
  • Cable TV: $1,080
  • Insurance: $785
  • Water/Sewer: $2,399

Property Details for 395 N Oakland Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Individual Room, Inside, See Remarks, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down, Basement
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full, Granite Counters, High Ceilings, Pantry, Storage
Exterior Features
Exterior Information
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Front, Garage - Three Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Level, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Total # of Units: 4
  • Parcel Number: 5731021048
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Los Robles Ave and Maple St
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Pasadena Agent

Sale History for 395 N Oakland Ave

Last sold for $1,140,000 on November 25th, 2019

  • November, 2019

  • Nov 26, 2019

    Date

    Sold

    CRMLS: OC19221517

    $1,140,000

    Price

  • Oct 31, 2019

    Date

    Pending

    CRMLS: OC19221517

    $1,225,000

    Price

  • Oct 10, 2019

    Date

    Active Under Contract

    CRMLS: OC19221517

    $1,225,000

    Price

  • Oct 3, 2019

    Date

    Active

    CRMLS: OC19221517

    $1,225,000

    Price

  • Oct 1, 2019

    Date

    Price Change

    CRMLS: OC19221517

    $1,225,000

    Price

  • Sep 28, 2019

    Date

    Active Under Contract

    CRMLS: OC19221517

    $1,199,888

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: OC19221517

    $1,199,888

    Price

  • November, 2019

  • Nov 25, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,140,000

    Price

  • June, 2010

  • Jun 23, 2010

    Date

    Sold (Public Records)

    Public Records

    $540,000

    Price

  • April, 2010

  • Apr 30, 2010

    Date

    Canceled

    CRMLS: 12121817

    $499,000

    Price

  • Feb 25, 2009

    Date

    Active

    CRMLS: 12121817

    $649,000

    Price

  • Listing provided courtesy of CRMLS

    Two duplexes on a lot. Each unit has one bedroom and one bathroom. Two of the units have laminate flooring, while the other two have tile flooring. The front units share a front porch. Only one of the detached rear unit has access to a backyard. Short sale.

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Tax History for 395 N Oakland Ave

Assessed Value (2020): $1,140,000
Year Land Value Improved Value Assessed Value
2020 $840,000 $300,000 $1,140,000

Home Value Compared to the Market

This property vs the competition

395 N Oakland Ave sold on November 25, 2019 for 2.08% 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 $470.79 per/sqft which puts the price per square foot 39.72% lower than the current median sale per square foot for the city of Pasadena.

About 395 N Oakland Ave

Detailed summary of property

395 N Oakland Ave is a multi family that recently sold in Pasadena, CA 91101. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,602 living square feet, and sits on an approximately 9,739 square foot lot. 395 N Oakland Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,140,000. 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 2.08% higher than the current median priced home. Local homes that are currently for sale include 5938 E Echo St, 311 N Avenue 59 and 311 S Avenue 59. While the average home in Pasadena, CA is selling in 56 days, 395 N Oakland Ave has a days on market of 21 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 395 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 395 N Oakland Ave

Public county record property details
Beds
4
Baths
4
Year built
1901
Sq. Ft.
2,602
Lot Size
9,739
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5731-021-048

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 395 N Oakland Ave

303 N Oakland Ave, Pasadena, CA 91101
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13 Baths
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303 N Oakland Ave
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285 N Oakland Ave, Pasadena, CA 91101
$9,600,000 Last Sold Price
30 Beds
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18216 Sq.Ft.
285 N Oakland Ave
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275 N Oakland Ave, Pasadena, CA 91101
$5,400,000 Last Sold Price
9 Beds
12 Baths
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275 N Oakland Ave
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251 N Oakland Ave, Pasadena, CA 91101
$6,225,000 Last Sold Price
14 Beds
14 Baths
0 Sq.Ft.
251 N Oakland Ave
Pasadena, CA 91101

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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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