Pasadena, CA 91101,402 S Oakland AVE
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Pasadena, CA 91101,402 S Oakland AVE
Pasadena, CA 91101,402 S Oakland AVE
Pasadena, CA 91101,402 S Oakland AVE
Pasadena, CA 91101,402 S Oakland AVE

$2,500,000

Est. payment /mo

$2,580,000

3.1%
Est.Price: ?

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402 S Oakland AVE Pasadena, CA 91101

7,150 SqFt

SOLD DATE : 02/12/2024

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 7,150 sqft

Price per Sqft $349

MLS Listing ID GD24003489

Sold Date 02/12/24

HOA Y/N No

Year Built 1965

Lot Size 8,424 Sqft

Acres 0.1934

Property Description

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.

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Zoning PSR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry Common Area

Exterior

Carport Spaces 10

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5734009014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Janette Ledea • Re/Max Tri-City Realty • 626-242-3244
Bought with Joycelynn Tan • Keller Williams Realty

Matt Peters

Broker Associate | License ID: 01984989

+1(626) 344-1956

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