545 North Oakland Avenue

Pasadena, CA 91101

$1,956,235
Last Sold Price
7
Beds
7
Baths
3,497 Sq. Ft.
$559 / Sq. Ft.
3,497
Sq. Ft.
$559
per Sq. Ft.

Description

Classic craftsman style 5 unit in prime NW Pasadena market. The property consist of (3) 2 bed 1 bath, (1) 1 bed 1 bath, and (1) studio units with 3.75% assumable financing at 4.71% in place and 5.31% pro forma cap. Each unit has an assigned parking space and in-unit laundry. Easy freeway access and minutes to Old Town Pasadena popular with young professional and student renters and rarely any vacancy. Pride of ownership, low maintenance and easy management makes 545 N Oakland a great property for...Classic craftsman style 5 unit in prime NW Pasadena market. The property consist of (3) 2 bed 1 bath, (1) 1 bed 1 bath, and (1) studio units with 3.75% assumable financing at 4.71% in place and 5.31% pro forma cap. Each unit has an assigned parking space and in-unit laundry. Easy freeway access and minutes to Old Town Pasadena popular with young professional and student renters and rarely any vacancy. Pride of ownership, low maintenance and easy management makes 545 N Oakland a great property for all investors to add to their portfolio. Two newly constructed units not subject to Measure H rent control.
  1. Listed by Jason Hsiao • DRE #02016848 • Brokerage DRE #02110806 • Statewide Real Estate Inc • 626-657-8927

Property Details for 545 North Oakland Avenue

Architectural Style
Craftsman
Parking Spaces Total
6
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3497
Assessor Parcel Number
5731-004-038

Location

Listing Courtesy of Statewide Real Estate Inc, Jason Hsiao, DRE #02016848

Sold By Capital & Influence, Ryan Ottosen, DRE #01842391

Add your commute
LISTING UPDATED: 05/17/2023 12:02 PM

Property Details for 545 North Oakland Avenue

StatusClosed
MLS #OC23018495
Days on Market75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1908
Lot Size0.27 AC / 11,796 SF
CountyLos Angeles County

Location

Listing Courtesy of Statewide Real Estate Inc, Jason Hsiao, DRE #02016848

Sold By Capital & Influence, Ryan Ottosen, DRE #01842391

Add your commute

Virtual Tour

Building Information for 545 North Oakland Avenue

Stories-Residences-Year Built1908Building Size-Lot Size0.27 AC / 11,796 SF

Payment Calculator

$11,998 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,676

Property Taxes

$1,322

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 545 North Oakland Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $144,600
  • Gross Scheduled Income: $144,600
  • Net Operating Income: $89,401
  • Financing: Cash
Expense Details
  • Operating Expense: $47,968
  • New Taxes Expense: $19,050
  • Gardener Expense: $630
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Maintenance Expense: $6,869
  • Professional Management Expense: $9,616
  • Trash Expense: $0
  • Water Sewer Expense: $2,936
  • Total Expenses: $47,969
Tax / Assessment Info
  • Tax Block: S
  • Tax Tract Number: C014
  • Tax Census Tract: 4622.01
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Foothills, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Lot 10000-19999 Sqft
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2095
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 545 North Oakland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 545 North Oakland Avenue

Taxable ValueLand$936,360Additions$382,716Total$1,319,076
Tax Record2023$15,864 ($1,322 / month)
Home Facts
Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtLot Size11,796 SqFtStyleMulti-Family Res (5+ Units)Year Built1908ZoningPSR1CountyLOS ANGELESAPN5731-004-038

Schools near 545 North Oakland Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Rose City High (Continuation) School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 Statewide Real Estate Inc, Jason Hsiao, DRE #02016848

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.