303 N Oakland Ave, a turnkey is a fully upgraded, and 100% occupied 13 units luxury apartment in the City of Pasadena. The property is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The properties offer an investor the rare opportunity to own a high cash flowing apartment property in one of the most desirable locations in Pasadena. The property offers 100% occupancy on a master lease until June 2022. This higher cap rate for the area, combined with low interest rates offer investor over 7% cash on cash return with proper financing. This property offers higher allowable annual rent increases under California AB1482 (5% + CPI).
Listed By CRMLS_CA / Handoko Chen / GIG Real Estate Inc.
Last checked:
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Last updated Aug 1, 2023
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MLS# AR21105662 —
The Building
Year Built:
1958
Year Built Source:
Assessor
New Construction:
No
Common Walls:
2+ Common Walls
Faces:
East
Building Area Total:
9658.00
Building Area Units:
Square Feet
# of Buildings:
1
Total Number Of Units:
13
Stories Total:
2
# of Separate Gas Meters:
14
# of Separate Water Meters:
1
# of Separate Electric Meters:
14
Interior
Levels:
Two
Flooring:
Vinyl, Wood
Number Wall AC:
13
Fireplace:
No
Fireplace:
None
Laundry:
Dryer Included, Inside, Washer Included
Laundry:
1
Location
Directions:
one block east of Los Robles Ave, north of Walnut St
Latitude:
34.15109600
Longitude:
-118.14031500
The Property
Subtype:
Apartment
Zoning:
PSC-
Lot Features:
Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
Lot Size Area:
10933.0000
Lot Size Acres:
0.2510
Lot Size SqFt:
10933.00
Lot Size Source:
Assessor
View:
1
View:
Mountain(s)
Security Features:
Automatic Gate, Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Security Lights, Smoke Detector(s)
Property Attached:
1
Additional Parcels:
No
Land Lease:
No
Listing Agent
Contact info:
No listing contact info available
Taxes
Tax Block:
D
Tax Census Tract:
4622.02
Tax Lot:
14
The Listing
Buyer's Brokerage Compensation:
1.500%
Special Listing Conditions:
Standard
Buyer's Brokerage Compensation:
$1.50
Parcel Number:
5723005033
Heating & Cooling
Heating:
1
Heating:
High Efficiency, Combination
Cooling:
Yes
Cooling:
Wall/Window Unit(s), High Efficiency
Utilities
Utilities:
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date
Event
Source
Price
% Change
9/17/21
Sep 17, 2021
Sold
CRMLS_CA
$6,500,000
-1.5%
5/28/21
May 28, 2021
Pending
CRMLS_CA
$6,600,000
5/17/21
May 17, 2021
Listed / Active
CRMLS_CA
$6,600,000
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Multifamily
Sold
on 9/17/2021
$6,500,000
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Listing provided by broker:
Handoko Chen
GIG Real Estate Inc.
Listing Agents and Buyer’s Agents represent the two sides of a real estate transaction. As a Seller of a home, your Listing Agent represents your interests and will advise, consult and follow your instructions to sell your property at the best possible price and terms.
If you’re a Buyer, a Buyer’s Agent advises you throughout the transaction, helping you get the best deal and advocating for you. The Buyer’s Agent commission is also paid by the Seller, so the Buyer never sees a bill for their service.
Many first time Buyers believe they can work without a Buyer’s Agent and instead use the same agent as the Seller. When both Buyer and Seller use the same agent, known as “dual agency”, it can sometimes save on fees, but it also puts the agent in a conflict of interest, not fully representing either party.
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Listing Courtesy of: CRMLS_CA and GIG Real Estate Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of 05:28 on Apr 26.
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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.
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Last updated Aug 1, 2023
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