$2,350,000 - 48 Oak Avenue Pasadena, CA - 91107

  • Status Active
  • MLS# 18307950
  • List Price $2,350,000
  • Bedrooms N/A
  • Days On Market 112
  • Sq.ft 5987
  • Sale Type Standard
  • Type ResidentialIncome
  • Built Year 1975

Property Description

48 S. Oak Avenue is s well maintained 7 unit apartment building located in prime Pasadena. Built by the Seller's family in 1975, the property is available to be purchased for the first time ever. Not subject to rent control, 48 S. Oak Avenue has an ideal unit mix consisting of 6 two bedroom 1 bath units and 1 studio unit. With a current rent per foot of only $1.79, there is immediate rental upside. Additionally, there is ample on site parking (9 spaces) and the building sits on a very large 10,022 square foot lot zoned R3. Located just south to Colorado Blvd., walking distance to restaurants and entertainment venues.

Features & Utilities

  • Driving Directions Just south of Colorado Blvd., Close to Pasadena City College and Cal Tech.
  • Laundry Room See Remarks
Courtesy of Listing : Remax Commercial and Investmen, Jonathan Taksa

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