285 N Oakland Ave

Pasadena CA 91101

18216 sq. ft.

22006 sq. ft.

Multi-Family

Last sold for $9,600,000

Han Widjaja Chen CCIM, last sold this property on 18 February 2020 after 737472 days on market.

Overview

285 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 22 units luxury apartment in the City of Pasadena. This property is part of THE ARROYO COLLECTION, a five-property portfolio totaling 80-unit non-rent-controlled apartment investment opportunity in the City of Pasadena, CA. The portfolio is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been completely renovated, was built in 1960. It is a two-story garden style apartment with an attractive center courtyard and an excellent curb appeal. It offers a superb unit mix of five (5) large 2-bedroom+2-bathroom, three (3) large 2-bedroom+1.5-bathroom, and fourteen (14) 1-bedroom+1-bathroom units. It is separately metered for gas and electric, is serviced by new central water heaters. Units are spacious and offer an in-unit combo washer/dryer, stove, dishwasher, garbage disposal, ample closet and storage space, ceiling fans, and new mini-split HVAC systems for heating and cooling. Several 2nd floor units have high-ceiling, and private patios. It has 20 parking spaces and in the back. The soft-story parking area has been seismically retrofitted.All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades.

Features

18216 sq. ft. floor area

22006 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Pasadena over the last 12 months, the estimated median property value of 285 N Oakland Ave is $1.89m.

Median value

$1.89m

Estimated value range

$700k - $5.6m

Median days on market

Estimated value trend

35%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Pasadena. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 285 N Oakland Ave

2020

Sold

$9,600,000

18 Feb 2020 by Han Widjaja Chen CCIM, of Growth Investment Group, Inc.

Happy sellers in Pasadena

We have insufficient information to provide an overview of customer satisfaction for Pasadena. Viewing the agent profiles, reviews and sales for Pasadena can provide insights for this location.