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$ 1,425,000
Est. payment /mo
New
261 N Oak Pasadena, CA 91107
4 Beds
3 Baths
8,747 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26096761
Bedrooms 4
Lot Size 8,747 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
2 TURNKEY MID-CENTURY-MODERN HOUSES (VACANT) on Large Lot Brand New Back House Re-Built in 2025, Front Houses Beautifully Upgraded - Allows Additional 3 ADUs. Extremely High Proforma CAP Rate 7.35%! Perfect Blank Canvas for Owner User or Investors. DOWNLOAD OM IN THE SUPPLEMENTAL FILE! Approved drawing for a 4-car garage is included! 261-263 N Oak Ave, a 2 Mid-Century-Modern designer house situated on a large lot within the central Pasadena area - south of the 210 Freeway and minutes to Old Pasadena. This offering currently includes two distinct residences totaling 2,057 SF on a deep 8,737 lot, with clear upside to add 3 ADUs (buyer to verify). With excellent high-proforma CAP Rate of 7.35%, this extremely rare offering provides new owner with perfect blank canvas to either use this as an investment or owner-user. The property is situated on a quiet residential area close to almost all amenities city of Pasadena has to offer. It offers excellent curb appeal with very attractive and low maintenance drought-tolerant landscaping. The back house was completed in March 2025 (BUYER TO VERIFY) and re-built with excellent taste and designer finishes. Built with modern architecture techniques, it features multiple decks for tenants to use, providing a cozy living atmosphere. The unit also has hard wood floors, a wide-open living room layout, a spacious kitchen setup, and a bedroom that has doors leading directly to the backyard patio area. It is a 2 bedroom + 2 bathroom 1300SF (BUYER TO VERIFY) house complete with entry foyer, open floor design, in-unit laundry, a private backyard d
Location
State CA
County Los Angeles
Zoning Assessor
Direction Several blocks west of Allen Ave, north of Foothill Blvd (Crossing Foothill Blvd).
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5746011035
Acceptable Financing Cash
Listing Terms Cash
Listed by Handoko Chen, DRE#01749321 Growth Investment Group Pasade
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