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402 Oakland Avenue
Pasadena, CA 91101
Sold
A blend of historic charm and modern potential, 402 S. Oakland Ave. presents a unique investment opportunity in the heart of Pasadena's esteemed suburban enclave. With its establishment dating back to 1965, this property offers a canvas for modern revitalization. Situated in an area celebrated for its architectural heritage, this property is nestled amidst beautiful tree-lined streets, surrounded by distinguished estate homes and well-maintained early 20th-century residences. Its prime location combines the tranquility of a residential neighborhood with the convenience of urban living. The property is within easy reach of Pasadena's central business district, the culturally rich Pasadena Playhouse, the Norton Simon Museum, and top educational institutions like Pasadena City College and Caltech. This proximity enriches the location with cultural, educational, and lifestyle opportunities. Residents can enjoy the vibrancy of Old Town Pasadena with its eclectic mix of boutiques, galleries, cafes, and restaurants. The Paseo Colorado adds to the retail and entertainment options, while the annual Rose Parade brings a global attraction to the neighborhood. Offering a haven for outdoor enthusiasts, the property is close to green spaces like Central Park and the Arroyo Seco area, known for hiking, cycling, and golf. The convenience of major thoroughfares and the Metro Gold Line light rail makes commuting to downtown Los Angeles a breeze. For the first time since its construction in 1965, 402 S Oakland Ave is entering the market, presenting a rare and golden opportunity for investors. As a property held by the same family for over five decades, this estate sale represents a unique chance to acquire a piece of Pasadena's history. This Trustee Sale offers the property in its current 'as-is' condition, allowing investors to envision and implement enhancements to maximize its potential. Situated in a central location within a thriving market, the property holds immense promise for value appreciation, making it a highly attractive prospect for seasoned investors seeking to capitalize on its untapped potential. Unit mix 2x 1+1, 2x 2+2, 2x 3+2.
PROPERTY INFORMATION
| MLS # | GD24003489 | Lot Size | 8,425 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 2,580,000
Price Per SqFt: $ 361 |
DOM | 510 Days |
| Address | 402 Oakland Avenue | Type | Residential Income |
| City | Pasadena | Sq.Ft. | 7,150 Sq. Ft. |
| Postal Code | 91101 | Garage | N/A |
| County | Los Angeles | Year Built | 1965 |
| Bed / Bath | 12 / 0 | Parking | 10 |
| Built In | 1965 | Status | Closed |
| Sold Date | 2024-02-12 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| Has Fireplace | Yes |
| Fireplace Information | Living Room |
| Has Heating | Yes |
| Heating Information | Central |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | side gate |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,752
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/12/2024 | Sold | $2,500,000 |
| 01/08/2024 | Price Change | $2,580,000 (3.20%) |
| 01/06/2024 | Listed | $2,500,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Janette Ledea, Re/Max Tri-City Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
