48 S Oak Avenue

    Pasadena, CA 91107
    • $2,350,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 18307950
    UPDATED: 46 min ago
    $2,350,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,987
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T23:28:18.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.californiarealtyexperts.com/homes/80318356

    48 S Oak Avenue Pasadena, CA 91107

    • Price: $2,350,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 18307950
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,987
    SQFT
    $393
    $/SQFT
    1975
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - Pasadena (SE)
    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.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.30 Gross Multiplier 18.47 Gross Operating Income 123384.00 Improvements Amount 209166 Land Value 27647 Laundry YN Yes Net Operating Income 77534.00 Special Listing Conditions Standard Total Expenses 45851.00 Zoning Psr3

    Listing provided courtesy of Jonathan Taksa of Remax Commercial And Investmen.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-20T23:28:18.233. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    California Realty Experts
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