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Listed by Handoko Chen, DRE #01749321 • Growth Investment Group Pasade
$ 1,425,000
Est. payment /mo
New
261 N Oak Pasadena, CA 91107
8,747 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26096761
Year Built 1913
Lot Size 8,747 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
2 TURNKEY MID-CENTURY-MODERN HOUSES (VACANT) on Large Lot -Brand New Back House Re-Built in 2025, Front Houses Beautifully Upgraded - Allows Additional 3 ADUs. Extremely High Proforma CAP Rate 7.35%! Perfect Blank Canvas for Owner User or Investors. DOWNLOAD OM IN THE SUPPLEMENTAL FILE! Approved drawing for a 4-car garage is included! 261-263 N Oak Ave, a 2 Mid-Century-Modern designer house situated on a large lot within the central Pasadena area - south of the 210 Freeway and minutes to Old Pasadena. This offering currently includes two distinct residences totaling ±2,057 SF on a deep ±8,737 lot, with clear upside to add 3 ADUs (buyer to verify). With excellent high-proforma CAP Rate of 7.35%, this extremely rare offering provides new owner with perfect blank canvas to either use this as an investment or owner-user. The property is situated on a quiet residential area close to almost all amenities city of Pasadena has to offer. It offers excellent curb appeal with very attractive and low maintenance drought-tolerant landscaping. The back house was completed in March 2025 (BUYER TO VERIFY) and re-built with excellent taste and designer finishes. Built with modern architecture techniques, it features multiple decks for tenants to use, providing a cozy living atmosphere
Location
State CA
County Los Angeles
Area 647 - Pasadena (Sw)
Rooms
Kitchen Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Parking Features Other
Garage Spaces 4.0
Pool 31, None
View Hills
Roof Type Shingle
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 5746011035
Special Listing Condition Not Applicable
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