303 North Oakland Avenue
303 North Oakland Avenue
$6,500,000
3
13
9,658
9,658
$673
Closed 9/17/21
Description
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...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 Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.
Property Details for 303 North Oakland Avenue
View
Mountain(s)
Parking Spaces Total13
Private PoolNo
Cooling TypeWall/Window
Total Units13.0
Building TypeAttached
Lot Size SourceAssessor
Living Area9658
Location
LISTING UPDATED: 09/17/2021 10:39 AM
Property Details for 303 North Oakland Avenue
Status | Closed |
---|---|
MLS # | AR21105662 |
Days on Market | 11 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1958 |
County | Los Angeles County |
Location
Building Information for 303 North Oakland Avenue
Building/Complex303 N Oakland AveFloor-Stories2Residences-Pet Policy-Year Built1958Building Size-
Payment Calculator
$35,675 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 303 North Oakland Avenue
Property History for 303 North Oakland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$4,641,000Additions$1,989,000Total$6,630,000
Tax Record2023$2,425 ($202 / month)
Home Facts
Total Finished SqFt9,658 SqFtAbove Grade Finished SqFt9,658 SqFtLot Size10,933 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningPSC-CountyLOS ANGELESAPN5723-005-033
Schools near 303 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 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Odyssey Charter School - South CharterK to 8 |
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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