420 S Oakland Ave, Pasadena, CA 91101
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420 S Oakland Ave Pasadena, CA 91101

$1,700,000 Sold Price as of 09/22/2023
  • 8 Beds
  • 8 Baths
  • 4,440 Sq.Ft.
Sold
$1,700,000 Sold Price as of 09/22/2023 Refinance Your Mortgage

Map preview of 420 S Oakland Ave, Pasadena, CA 91101

Property Overview: 420 S Oakland Ave Pasadena, CA has 8 bedrooms, 8 bathrooms, 4,440 living square feet and 7,658 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Step into the spotlight with an extraordinary real estate opportunity - a remarkable 4plex making its market debut for the first time in an astonishing 45 years, revealing a truly unparalleled find. Nestled in proximity to the prestigious Madison Heights and a mere stone's throw away from the bustling heart of Old Town Pasadena, this property shines as an exquisite gem. It showcases four good-sized 2-bed, 2-bath units. Positioned within close reach of iconic landmarks such as the Pasadena Playhouse, Paseo, and the Gold Line light rail, this address promises an urban living experience like no other. In conjunction with this, what genuinely distinguishes this property is the meticulous planning that forms its foundation. With the City of Pasadena's planning design approval already secured and the project now in the final plan check process, a well-defined pathway is established for the enhancement of this treasure into an extraordinary five-unit development, encapsulating an opportunity of remarkable proportions. Serving as a canvas brimming with untapped potential, the possibilities extend far and wide: envisage residing in one unit while savoring returns from the remaining or embracing a pre-approved vision of a five-unit development. The allure of this offering reaches well beyond its immediate appeal, further elevated by the substantial progress in planning that has been achieved; a pivotal juncture to embrace the quintessential Pasadena lifestyle, where the city's storied heritage, dynamic culture, and contemporary living converge seamlessly. Envision a property blending classic charm with boundless prospects, presenting an unrivaled chance to secure a unique slice of Pasadena's history and future. This property is an exceptional opportunity within an unmatched location. This property offers a cornerstone of one's legacy and a chance to unlock a multitude of prospective futures.

Listed by Julia Kwon | BRE #01740725 | Berkshire Hathaway HomeServices California Properties
Co-listed by Jin Kwon | BRE #00964454 | Berkshire Hathaway HomeServices California Properties
Last checked: 4 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
7,658
HOA Dues
$0/mo
Year built
1970
Garage
--
Property Type:
Fourplex
Status
Sold
MLS#
P1-14783
City
Pasadena
County
Los Angeles
Time on Site
267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,020
  • Total Rent: $2,020
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,870
  • Total Rent: $1,870
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,080
  • Net Operating Income: $65,497
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $28,583
  • Trash: $0
  • Insurance: $2,415

Property Details for 420 S Oakland Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Electric Oven, Free-Standing Range, Electric Range
Exterior Features
Exterior Information
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Source: Public Records
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5734009016
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: East on Del Mar right on S Oakland Ave, on the left. Between Del Mar Blvd. and California Blvd.
Neighborhood Information
  • Community Features: Curbs, Urban
View more facts & features

Local Pasadena Agent

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Sale History for 420 S Oakland Ave

Last sold for $1,700,000 on September 22nd, 2023
  • December, 2023

  • Dec 31, 2023

    Date

    Expired

    CRMLS: P1-14785

    $1,890,000

    Price

  • Aug 19, 2023

    Date

    Active

    CRMLS: P1-14785

    $1,890,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2023

  • Sep 22, 2023

    Date

    Sold

    CRMLS: P1-14783

    $1,700,000

    Price

  • Aug 19, 2023

    Date

    Active

    CRMLS: P1-14783

    $1,890,000

    Price

Show More

Tax History for 420 S Oakland Ave

Assessed Value (2020): $375,304
Year Land Value Improved Value Assessed Value
2020 $143,935 $231,369 $375,304

Home Value Compared to the Market

This property vs the competition

420 S Oakland Ave sold on September 22, 2023 for 51.2% higher than the current median sold price for the city of Pasadena which is $1,250,000. The median sold price per/sqft for Pasadena is $763 and this home is sold at $425.68 per/sqft which puts the price per square foot 44.21% lower than the current median sale per square foot for the city of Pasadena.

About 420 S Oakland Ave

Detailed summary of property

420 S Oakland Ave is a fourplex that recently sold in Pasadena, CA 91101. This fourplex offered 8 bedrooms, 8 bathrooms, roughly 4,440 living square feet, and sits on an approximately 7,658 square foot lot. 420 S Oakland Ave was first listed on ArdentRealEstateGroup.com on August 19, 2023. The homeowner sold the property for $1,700,000. Home in Pasadena are selling for a median price of $1,250,000 and a median price per square foot of $763. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 51.2% higher than the current median priced home. Local homes that are currently for sale include 1429 N Altadena Dr, 1461 Hepner Ave and 1461 Hepner Ave. While the average home in Pasadena, CA is selling in 57 days, 420 S Oakland Ave has a days on market of 12 days. There are currently 258 homes for sale in the Pasadena real estate market and 155 of them are single family homes while 75 of them are condos and 28 are townhomes. For more information on this home for sale at 420 S 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 420 S Oakland Ave

Public county record property details
Beds
8
Baths
8
Year built
1970
Sq. Ft.
4,440
Lot Size
7,658
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
29
APN
5734-009-016

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
$719,000
Median List Price/Sq.Ft.
$707
Median Sold Price
$846,000
Median Sold Price/Sq.Ft.
$725
Total Inventory
47
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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Related Resources to 420 S Oakland 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.