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402 S Oakland Avenue, Pasadena, CA 91101
$2,500,000
402 S Oakland Avenue, Pasadena, CA 91101View this property at 402 S Oakland Avenue, Pasadena, CA 91101
402 S Oakland AvenuePasadenaCA91101
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Property Description
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.
Full Property Details
Full Property Details for 402 S Oakland Ave
General
- Sold For: $2,500,000
- Status: Closed
- Type: Multi-Family
- MLS ID: GD24003489
- Added to Site: 158 day(s) ago
Interior
- Fireplace(s): Living Room
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
Location
- Area: 647 - Pasadena (SW)
- County: Los Angeles
- Development Name: 647 - Pasadena (SW)
- Driving Directions: South of Del Mar, North of California
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Electric Meters: 6
Structural Information
- Entry Location: side gate
- Square Feet: 7,150
- Year Built: 1965
Unit Information
Unit 1
- Number of Units: 6
- Total Bathrooms: 10
- Bedrooms: 12
Lot Features
- Lot Size (Acres): 0.1934
- Lot Size Source: Assessor
- Zoning: PSR3
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $349.65
- Price Per Unit: 430000
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Re/Max Tri-City Realty, Janette Ledea
Sold by Keller Williams Realty, Joycelynn Tan
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Schools
Schools serving 402 S Oakland Ave
School District:Pasadena Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
325 S Oak Knoll Ave, Pasadena, CA 91101 | PK-8 | 0.2 mi | |
1201 S Marengo Ave, Pasadena, CA 91106 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 402 S Oakland Ave
Date
Details
Price
Change
Source
2/12/2024
Sold
$2,500,000
-3.1%
MLS
1/08/2024
Price Increased
$2,580,000
3.2%
MLS
1/06/2024
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
402 S Oakland Avenue, Pasadena, CA 91101 (MLS# GD24003489) is a Multi-Family property that was sold at $2,500,000 on February 12, 2024. Want to learn more about 402 S Oakland Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.