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Sold for $2,500,000
  • Listed by: Re/Max Tri-City Realty • Janette Ledea • Contact: 626-683-0300
    Bought with: Keller Williams Realty
    $2,500,000

    402 S Oakland Ave, Pasadena, CA 91101

    72beds
    60baths
    7,150sqft
    Mixed Use
    Built in 1965
    -- sqft lot
    $2,940,200 Zestimate®
    $350/sqft
    $3,178 Estimated rent

    Home value

    $2,940,200

    $2.56M - $3.38M

    $3,178/mo

    Zestimate® history
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    What's special

    A blend of historic charm and modern potential, 402 S. Oakland Ave. presents a unique investment opportunity in the heart of Pasadena's esteemed suburban enclave. With its establishment dating back to 1965, this property offers a canvas for modern revitalization. Situated in an area celebrated for its architectural heritage, this property is nestled amidst beautiful tree-lined streets, surrounded by distinguished estate homes and well-maintained early 20th-century residences. Its prime location combines the tranquility of a residential neighborhood with the convenience of urban living. The property is within easy reach of Pasadena's central business district, the culturally rich Pasadena Playhouse, the Norton Simon Museum, and top educational institutions like Pasadena City College and Caltech. This proximity enriches the location with cultural, educational, and lifestyle opportunities. Residents can enjoy the vibrancy of Old Town Pasadena with its eclectic mix of boutiques, galleries, cafes, and restaurants. The Paseo Colorado adds to the retail and entertainment options, while the annual Rose Parade brings a global attraction to the neighborhood. Offering a haven for outdoor enthusiasts, the property is close to green spaces like Central Park and the Arroyo Seco area, known for hiking, cycling, and golf. The convenience of major thoroughfares and the Metro Gold Line light rail makes commuting to downtown Los Angeles a breeze. For the first time since its construction in 1965, 402 S Oakland Ave is entering the market, presenting a rare and golden opportunity for investors. As a property held by the same family for over five decades, this estate sale represents a unique chance to acquire a piece of Pasadena's history. This Trustee Sale offers the property in its current 'as-is' condition, allowing investors to envision and implement enhancements to maximize its potential. Situated in a central location within a thriving market, the property holds immense promise for value appreciation, making it a highly attractive prospect for seasoned investors seeking to capitalize on its untapped potential. Unit mix 2x 1+1, 2x 2+2, 2x 3+2.

    Zillow last checked:

    Listing updated:

    Listed by:

    Janette Ledea DRE #01480942 626-242-3244,

    Re/Max Tri-City Realty

    Bought with:

    Joycelynn Tan, DRE #02083894

    Keller Williams Realty

    Source: CRMLS,MLS#: GD24003489MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 72
    • Bathrooms: 60
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 7,150
    • Total interior livable area: 7,150 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Carport
    • Carport spaces: 10
    Features
    • Entry location: side gate
    • Pool features: None
    Lot
    • Size: 8,425 Square Feet
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 5734009014
    • Zoning: PSR3
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Street Lights, Sidewalks
    Location
    • Region: Pasadena

    Financial & listing details

    • Price per square foot: $350/sqft
    • Date on market: 1/6/2024
    • Cumulative days on market: 13 days
    • Listing terms: Cash,Conventional
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    2/12/2024Sold$2,500,000$350/sqft
    Source: CRMLS #GD24003489 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: South

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,940,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,940,200