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545 N Oakland Ave, Pasadena, CA 91101
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545 N Oakland Ave Pasadena, CA 91101

$1,956,235 Sold Price as of 05/17/2023
  • 7 Beds
  • 7 Baths
  • 3,497 Sq.Ft.
Sold
$1,956,235 Sold Price as of 05/17/2023 Refinance Your Mortgage
Map preview of 545 N Oakland Ave, Pasadena, CA 91101

Property Overview: 545 N Oakland Ave Pasadena, CA has 7 bedrooms, 7 bathrooms, 3,497 living square feet and 11,796 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Classic craftsman style 5 unit in prime NW Pasadena market. The property consist of (3) 2 bed 1 bath, (1) 1 bed 1 bath, and (1) studio units with 3.75% assumable financing at 4.71% in place and 5.31% pro forma cap. Each unit has an assigned parking space and in-unit laundry. Easy freeway access and minutes to Old Town Pasadena popular with young professional and student renters and rarely any vacancy. Pride of ownership, low maintenance and easy management makes 545 N Oakland a great property for all investors to add to their portfolio. Two newly constructed units not subject to Measure H rent control.

Listed by Jason Hsiao | BRE #02016848 | Statewide Real Estate Inc
Last checked: 4 seconds ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 75

Home details

Lot Sq. Ft
11,796
HOA Dues
$0/mo
Year built
1908
Garage
1 Car
Property Type:
Mixed Use
Status
Sold
MLS#
OC23018495
City
Pasadena
County
Los Angeles
Time on Site
449 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,900
  • Total Rent: $2,900
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,095
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,600
  • Net Operating Income: $89,401
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $47,968
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $19,050
  • Trash: $0
  • Gardener: $630
  • Insurance: $2,000
  • Maintenance: $6,869
  • Professional Management: $9,616
  • Water/Sewer: $2,936

Virtual Tour

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Property Details for 545 N Oakland Ave

Interior Features
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Washer Included
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 5
  • Parcel Number: 5731004038
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: N Lake Ave W Villa St N Oakland Ave
Neighborhood Information
  • Community Features: Foothills, Sidewalks, Street Lights, Suburban
View more facts & features

Local Pasadena Agent

Sale History for 545 N Oakland Ave

Last sold for $1,956,235 on May 17th, 2023

  • May, 2023

  • May 17, 2023

    Date

    Sold

    CRMLS: OC23018495

    $1,956,235

    Price

  • Feb 3, 2023

    Date

    Active

    CRMLS: OC23018495

    $2,250,000

    Price

  • June, 2021

  • Jun 25, 2021

    Date

    Sold

    CRMLS: AR21080417

    $1,091,000

    Price

  • May 19, 2021

    Date

    Pending

    CRMLS: AR21080417

    $1,025,000

    Price

  • Apr 22, 2021

    Date

    Active Under Contract

    CRMLS: AR21080417

    $1,025,000

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: AR21080417

    $1,025,000

    Price

  • Listing provided courtesy of CRMLS

    This three-unit income producing property on a large lot in a prime Pasadena location is ready to go! The main house is a 2 bed/1bath unit with its own garage, while the 1 bed/1bath and studio units have their own entrance at the side of the property. Recent upgrades include: newer flooring (main house and 1-bed), newer kitchen countertops (main house and 1-bedr), newer paint (1-bed and studio), newer wall heaters (1-bed and studio), and new bathroom flooring and tiling (main house and 1-bed). This property has outstanding curb appeal and is minutes from Downtown Pasadena, the Gold line metro station and the 210 Freeway.

  • August, 2013

  • Aug 6, 2013

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

  • May, 2005

  • May 25, 2005

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

Show More

Tax History for 545 N Oakland Ave

Assessed Value (2020): $762,201
Year Land Value Improved Value Assessed Value
2020 $582,862 $179,339 $762,201

Home Value Compared to the Market

This property vs the competition

545 N Oakland Ave sold on May 17, 2023 for 65% 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 $778 and this home is sold at $566.2 per/sqft which puts the price per square foot 27.22% lower than the current median sale per square foot for the city of Pasadena.

About 545 N Oakland Ave

Detailed summary of property

545 N Oakland Ave is a mixed use that recently sold in Pasadena, CA 91101. This mixed use property offered 7 bedrooms, 7 bathrooms, roughly 3,497 living square feet, and sits on an approximately 11,796 square foot lot. 545 N Oakland Ave was first listed on ArdentRealEstateGroup.com on February 2, 2023. The homeowner sold the property for $1,956,235. Home in Pasadena are selling for a median price of $1,200,000 and a median price per square foot of $778. Based on Ardent Real Estate Group's Pasadena Market Data, this home is sold 65% higher than the current median priced home. Local homes that are currently for sale include 316 E Orlando Way, 568 E Colorado Ave and 10601 Wilshire Blvd #501. While the average home in Pasadena, CA is selling in 55 days, 545 N Oakland Ave has a days on market of 75 days. There are currently 259 homes for sale in the Pasadena real estate market and 153 of them are single family homes while 83 of them are condos and 23 are townhomes. For more information on this home for sale at 545 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 545 N Oakland Ave

Public county record property details
Beds
5
Baths
3
Year built
1908
Sq. Ft.
1,999
Lot Size
11,795
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5,11
APN
5731-004-038

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
$750,000
Median List Price/Sq.Ft.
$712
Median Sold Price
$780,000
Median Sold Price/Sq.Ft.
$653
Total Inventory
48
Median Sale to List Price %
101.3%
Avg Days on Market
17
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (14.29%)

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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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