261 N Oak Ave Pasadena, CA 91107
Lamanda Park NeighborhoodEstimated payment $9,578/month
Highlights
- No HOA
- Farmhouse Sink
- Laundry Room
- Pasadena High School Rated A
- Living Room
- Central Air
About This Home
Investor opportunity! Two fully detached homes on one 8,737 sq ft lot in prime Pasadena. Front unit: 2 bed / 1 bath, approx. 765 sq ft; rear unit: 2 bed / 2 bath, approx. 1,292 sq ft (built in 2025). Both units are vacant with projected market rents of $3,500 and $4,300, offering a 6.1% cap rate. Each home features indoor laundry, private outdoor space, and bright, functional layouts. The long private driveway provides ample parking. Large backyard includes mature citrus trees, low maintenance drought tolerant grounds, gazebo, and above-ground spa. Oversized lot offers potential for ADU or 4-car garage (buyer to verify). Perfect for investors seeking rental income or house hackers looking to live in one unit while renting the other. Close to shopping, dining, parks, and transit in one of Pasadena’s most desirable neighborhoods.
Listing Agent
Realty Executives Com. & Res. Brokerage Phone: 323-371-3795 License #01875027 Listed on: 03/11/2026
Open House Schedule
-
Sunday, April 12, 202611:00 am to 2:00 pm4/12/2026 11:00:00 AM +00:004/12/2026 2:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Year Built
- Built in 1913
Lot Details
- 8,747 Sq Ft Lot
- Back Yard
Home Design
- Patio Home
- Entry on the 1st floor
Interior Spaces
- 2,057 Sq Ft Home
- 1-Story Property
- Living Room
- Farmhouse Sink
- Laundry Room
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 3 Full Bathrooms
Additional Features
- Suburban Location
- Central Air
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 28
- Assessor Parcel Number 5746011035
- $655 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2026 04/01/26 | Price Changed | $1,499,888 | -3.2% | $729 / Sq Ft |
| 03/11/2026 03/11/26 | For Sale | $1,549,888 | -- | $753 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Corinthian Title | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $500,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $10,000 | None Available | |
| Interfamily Deed Transfer | -- | Security Union Title | |
| Interfamily Deed Transfer | -- | Ticor Title Company Of Ca | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Northern Counties Title | |
| Grant Deed | $149,000 | American Coast Title | |
| Grant Deed | -- | Stewart Title | |
| Trustee Deed | $169,216 | Stewart Title | |
| Trustee Deed | -- | -- | |
| Individual Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $45,000 | Construction | |
| Previous Owner | $518,500 | Purchase Money Mortgage | |
| Previous Owner | $396,000 | Purchase Money Mortgage | |
| Previous Owner | $217,500 | No Value Available | |
| Previous Owner | $144,500 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26053309
APN: 5746-011-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.