303 North Oakland Avenue

Pasadena, CA 91101

$7,203,000
Price
3
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

303 N Oakland Ave, a turn-key, fully upgraded, and 100% occupied 13 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...

Property Details for 303 North Oakland Avenue

Parking Spaces Total
13
Private Pool
No
Cooling Type
ENERGY STAR Qualified Equipment, High Efficiency, SEER Rated 16+

Location

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

Building Information for 303 North Oakland Avenue

Stories2Residences-Year Built1958Building Size-Lot Size0.25 AC / 10,933 SF

Payment Calculator

$25,908 per month

30 year fixed, 3.51% Interest

Principal and Interest

$25,908

Property Taxes

HOA Dues

$0

Property Information for 303 North Oakland Avenue

Property Features
    Interior Features
  • Common Walls: 2+ Common Walls
  • Heating Type: ENERGY STAR Qualified Equipment, High Efficiency, Combination
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Levels: Two
  • Total Units: 13.0
    Exterior Features
  • Pool Features: None
  • Spa: No
  • Spa Features: None
    Parking Info
  • Carport Spaces: 13
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Assigned
  • Uncovered Spaces: 0
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Property Attached YN: true
  • Parcel Number: 5723005033
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Stories Total: 2
  • Year Built: 1958
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 9658
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • Status: Active
  • Zip Code: 91101
  • Street Number Numeric: 303.0
  • Street Name: Oakland
  • Street Direction Prefix: N
  • Street Suffix: Avenue
  • Country: US
  • County Or Parish: Los Angeles
  • Directions: south of 210 FWY, one block east of Los Robles Ave, north of Walnut St
  • MLS Area Major: Pasadena SW (647)
    Association Information
  • Association: No
  • Community Features: Urban, Valley
  • Association Fee: $.00
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Assessments: Buyer to Verify
  • Assessments YN: Yes
  • Tax Census Tract: 4622.02
  • Tax Block: D
  • Tax Lot: 14
  • Tax Tract Number: 0
  • Zoning: PSC-
    Income Details
  • Gross Income: $402,876
  • Gross Operating Income: $402,876
  • Gross Scheduled Income: $402,876
  • Net Operating Income: $295,326
  • Vacancy Allowance Rate: 0
    Expense Details
  • Electric Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $3,289
  • New Taxes Expense: $79,671
  • Operating Expense: $107,550
  • Professional Management Expense: $10,540
  • Total Expenses: $107,550
  • Trash Expense: $3,538
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: $4,206
  • Gardener Expense: $1,714
Unit Information
    Unit 1
  • Unit Type Actual Rent: $2,843
  • Unit Type Garage Spaces: 6
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 17570
  • Unit Type Units Total: 6
  • Unit Type Total Rent: $17,058
  • Unit Type Type: 1
    Unit 2
  • Unit Type Actual Rent: $2,350
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: No
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Pro Forma: 16944
  • Unit Type Units Total: 7
  • Unit Type Total Rent: $16,450
  • Unit Type Type: 2
    Multi-Unit Info
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 13
  • Number With Dishwasher: 13
  • Number With Disposal: 13
  • Number With Range: 13
  • Number With Refrigerator: 13
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
  • Tenant Pays: Electricity, Gas
Land/Lot Info
    Land/Lot Info
  • Electric: Standard
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Lot Size Acres: .25
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 10933
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer
Listing / Showing Information / Virtual Tour
    Showing Info
  • List Price: 7203000.0

Property History for 303 North Oakland Avenue

DateEvent & SourcePriceAppreciation
Sep 9, 2019

Listed (Active)

CRMLS #AR19215844

$7,203,000
Apr 29, 2018

Expired

CRMLS #AR17224146

$3,800,000
Nov 7, 2017

Expired

SDMLS #AR17224146

DateEvent & SourcePrice
09/09/2019

Listed (Active)

CRMLS #AR19215844

$7,203,000
04/29/2018

Expired

CRMLS #AR17224146

$3,800,000
11/07/2017

Expired

SDMLS #AR17224146

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 303 North Oakland Avenue

Taxable ValueLand$2,631,600Additions$1,134,240Total$3,765,840
Tax Record2018$22,809
Home Facts
Beds19Finished Sq.Ft.9,658 SqFtLot Size10,933 SqFtStyleMulti-Family Res (5+ Units)Year Built1958Year Renovated1958ZoningPSC-CountyLOS ANGELESAPN5723005033

Schools near 303 North Oakland Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Lake Avenue Church SchoolPrivateK0.4 mi
NR
Friends Western SchoolPrivateK-60.4 mi
NR
St. Andrew Elementary SchoolPrivatePK-80.5 mi
NR
McKinley SchoolPublicK-80.8 mi
4

Lake Avenue Church School

K, 0.4 mi, Private

NR

Friends Western School

K-6, 0.4 mi, Private

NR

St. Andrew Elementary School

PK-8, 0.5 mi, Private

NR

McKinley School

K-8, 0.8 mi, Public

4

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.

Property Details for 303 North Oakland Avenue

StatusActive
MLS #AR19215844
Year Built1958
DOM162
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Lot Size0.25 AC / 10,933 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Handoko Chen

GIG Real Estate Inc.

han.chen@growthinvestmentgroup.com

P: 626.594.4900

DRE #01749321

Contact Agent(s)

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303 North Oakland Avenue is a multi-family home for sale in Pasadena, CA 91101. This property was listed for sale on September 9, 2019 by GIG Real Estate Inc. at $7,203,000. It has been on the market for a total of 162 days and was last sold on August 15, 2003. Nearby schools include Rose City High (Continuation) School, St. Andrew Elementary School and Mayfield Junior School. 303 North Oakland Avenue is a 3-bed, 2-bath, multi-family home built in 1958.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of GIG Real Estate Inc., Handoko Chen, DRE #01749321
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