296 Oakland Avenue Pasadena, CA - 91101

  • Status Active
  • MLS# AR19060237
  • List Price $9,400,000
  • Bedrooms N/A
  • Days On Market 69
  • Acres 0.4683
  • Sale Type Standard
  • Type ResidentialIncome
  • Built Year 1957

Property Description

A 25-unit fully upgraded non-rent controlled apartment investment opportunity located in the highly desirable City of Pasadena, CA. The property is located within the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. Because of this superb location, it has a Walk Score 87 out of 100. This FULLY UPGRADED investment opportunity offers investors a turn-key and easy to manage real estate investment in the best area of Pasadena. It was built in 1957 and has been completely renovated in 2017/2018. It is situated on a ±20,303 sqft R3 lot. It offers an excellent curb appeal complete with secured entrance and intercom system. The property has been extensively upgraded in the past 12 months. It has new copper plumbing, new electrical in each unit (wiring and panel), new exterior paint, new drought-tolerant landscaping, new entrance gate with mahogany wood sidings, new railings, new security cameras, new parking gate opener, newly resurfaced driveway, and so much more. Each unit separately metered for electricity and gas. The property offers an excellent unit mix for the area that caters to younger demographics. Due to its proximity to major attractions in Pasadena, this property has a high demand from the rental market. It has one (1) 2bed+2bath unit, two (2) 2bed+1-1/2bath units, twenty (20) 1bed+1bath units, and two (2) studio units. Each unit has been completely upgraded.

Features & Utilities

  • Water Public
  • Sewer Public Sewer
  • Fireplace None
  • Pool None
  • Common Walls 2+ Common Walls
  • Community Suburban,Urban,Valley
  • Cooling High Efficiency
  • Driving Directions south of FWY 210, one block east of Los Robles Ave; west of Lake Ave
  • Heating High Efficiency
  • Laundry Room Common Area,Dryer Included,Gas Dryer Hookup,Stackable,Washer Hookup,Washer Included
  • Lot Features Level with Street
  • Carport Spaces 25.00
  • Uncovered Spaces 0.00
  • Operating Expense 163710.00
  • Parking Features Assigned,Carport
  • Stories Two
  • Utilities Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Courtesy of Listing : GIG Real Estate Inc., Handoko Chen

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