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402 S Oakland Ave
Pasadena, CA 91101
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Class A Location: Situated near California Institute of Technology, Pasadena City College. Minutes from Pasadena Playhouse and Old Town Pasadena
- Investment Appeal: Inflation and recession-proof investment. Easy to rent units due to the prime location
- Opportunity for Enhancements: Ideal for long-term tenant retention and consistent rental demand, particularly from students, faculty, and staff
- Value-Add Apartment: Approximately 27% rental upside potential. Great location scores: Walk Score 76, Bike Score 84, Transit Score 63
- Property Details: Six units with individual meters for electricity and gas.
Property Facts
| No. Units | 6 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 7,105 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Zoning | PSR3 - Multiple Dwelling | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,105 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | PSR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- High Speed Internet Access
- Refrigerator
- Range
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,627 | 750 |
| 2+2 | 2 | $2,121 | 1,250 |
| 3+2 | 2 | $2,516 | 1,555 |
Property Taxes
| Parcel Number | 5734-009-014 | Improvements Assessment | $765,000 |
| Land Assessment | $1,785,000 | Total Assessment | $2,550,000 |
Property Taxes
Parcel Number
5734-009-014
Land Assessment
$1,785,000
Improvements Assessment
$765,000
Total Assessment
$2,550,000
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