275 North Oakland Avenue

Pasadena, CA 91101

$5,400,000
Last Sold Price
1
Beds
12
Baths
8,041 Sq. Ft.
$672 / Sq. Ft.
8,041
Sq. Ft.
$672
per Sq. Ft.

Description

275 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 12 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The property offers an investor the rare opportunity to own an excellent...275 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 12 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been completely renovated, was built in 1956. It is a two-story garden style apartment with an excellent curb appeal. It offers a good unit mix of nine (9) large 1-bedroom+1-bathroom, and three (3) studio units. It is separately metered for gas and electric, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. It has 11 parking spaces in the back and 2 spaces in the front. The soft-story parking area has been seismically retrofitted. All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades.
  1. Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.

Property Details for 275 North Oakland Avenue

Parking Spaces Total
13
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
8041
Assessor Parcel Number
5723-005-035
Property Attached YN
true

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By GIG Real Estate Inc., Handoko Chen, DRE #01749321

Add your commute
LISTING UPDATED: 02/17/2020 07:43 AM

Property Details for 275 North Oakland Avenue

StatusClosed
MLS #AR19215809
Days on Market134
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By GIG Real Estate Inc., Handoko Chen, DRE #01749321

Add your commute

Building Information for 275 North Oakland Avenue

Building/Complex275 N Oakland AveFloor-Stories2Residences-Pet Policy-Year Built1956Building Size-

Payment Calculator

$29,575 per month

30 year fixed, 7.25% Interest

Principal and Interest

$29,470

Property Taxes

$105

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 275 North Oakland Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Gross Multiplier: 17.5
  • Cap Rate: 4.0
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: D
  • Tax Tract Number: 0
  • Tax Census Tract: 4622.02
  • Tax Lot: 17
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Urban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 13
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 9
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Number With Disposal: 12
  • Number Wall AC: 12

Public Records for 275 North Oakland Avenue

Taxable ValueLand$3,889,359Additions$1,787,003Total$5,676,362
Tax Record2023$1,261 ($105 / month)
Home Facts
Total Finished SqFt8,041 SqFtAbove Grade Finished SqFt8,041 SqFtLot Size9,994 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningPSC-CountyLOS ANGELESAPN5723-005-035

Schools near 275 North Oakland Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 12
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
McKinley School
PublicK to 8

Blair High School
Public6 to 12

Rose City High (Continuation) School
Public9 to 12

Marshall Fundamental School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.