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59 Oak Ave
Pasadena, CA 91107
59 Oak Avenue - General Opportunity w/ Upside · Multifamily Property For Sale
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7 Units
Investment Highlights
- A Prime Transit Location: 7 Units near Old Town, PCC, and Caltech with 85 Walk Score of “Very Walkable”
- Generational Opportunity: Long term ownership, owned by family across generations and has not been on the market for 13 years
- Upside Potential: 25% upside due to below market rents
- Onsite Parking: 7 Parking Spaces located in the back of the building
- Ease of Management: Attractive unit size and location with ease to manage current tenants and find prospective tenants
Property Facts
| No. Units | 7 | Building Size | 8,102 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | PSR1 - Residential | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | PSR1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Views
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 5746-010-032 | Improvements Assessment | $1,337,122 |
| Land Assessment | $891,414 | Total Assessment | $2,228,536 |
Property Taxes
Parcel Number
5746-010-032
Land Assessment
$891,414
Improvements Assessment
$1,337,122
Total Assessment
$2,228,536
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