9,740 Sqft Lot
9,740 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25245458
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1901
Lot Size 9,740 Sqft
Property Sub-Type Apartment
Property Description
395-401 N Oakland Ave, a value-add Single story fourplex community in the City of Pasadena. Situated only several blocks north of Old Town Pasadena, a block west of Los Robles Ave, and just within walking distance of many dining, shopping, and other attractions in Pasadena, the property offers a highly desirable single-story layout on a large 9739SF RM-48 (high density) zone lot. The front unit is vacant and can be delivered vacant for an owner-user purchase.
The property consists of 2 duplexes, and a detached 3 car garage. The unit mix is all 1bedroom+1bathroom, which makes it very easy to rent and manage. The ownership has spent countless hours and capital in improving the property in the past 5 years which includes new roofs, new electrical wiring and panels, new landscaping (south side), new property gate and fence, new water heater for each unit, new garage door opener, and new concrete for trash bin area. Front building has been seismically retrofitted (buyer to verify), and back buildings are on slab foundation.
The property was built in 1901, has a total of ±2,602 SF building size and is situated on a large ±9,739 SF RM-48 (High Density) zoned lot. The front 2 units have been upgraded with laminate/vinyl wood flooring, new A/C, updated bathroom, and updated kitchen. One of the front units (No. 395) is currently vacant and can be delivered vacant at close of escrow, making it a suitable purchase for an owner-user who would like to live in one unit and rent out the other 3. The back 2 units have had some updates which include new A/C, upgraded electricals, and new water heaters. Each of these 2 units have a large private backyard.
The property has 6 parking spaces (3 detached garages + 3 open spaces). Each unit has individual water heaters and separately meters for electricity and gas. Laundry is provided via shared laundry area (seller's own machine).
Location
State CA
County Los Angeles
Area 645 - Pasadena (Nw)
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Tankless Water Heater, Water Heater
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 3.0
Garage Description 3.0
Fence Wrought Iron
Pool None
Community Features Suburban, Valley
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Asphalt
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 36-40 Units/Acre, Level, Near Public Transit, Rectangular Lot
Faces East
Story 1
Entry Level One
Foundation Raised, Slab
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Level or Stories One
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 5731021048
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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josh.gregoriorealestategroup@gmail.com
3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA