NOT LISTED FOR SALE
3 Beds
3 Baths
14,192 Sq Ft
0.46 Acres

Last Sold December 03, 2019

Last sale price $9,950,000 $701 Per Sq Ft

73 Days on Market

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Laundry Room
  • Property is near public transit
  • High Efficiency Air Conditioning
  • High Efficiency Heating System

About This Home

As of December 2019

265 N Oakland Ave is a turn-key, fully upgraded, and 100% occupied 19 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.

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 09/09/2019

Last Buyer's Agent

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 09/09/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.46 Acre Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot

Home Design

  • Apartment

Interior Spaces

  • 14,192 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 19 Parking Spaces
  • 19 Carport Spaces

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Location

  • Property is near public transit
  • Urban Location

Utilities

  • High Efficiency Air Conditioning
  • SEER Rated 16+ Air Conditioning Units
  • High Efficiency Heating System
  • Combination Of Heating Systems
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19 / D
  • Assessor Parcel Number 5723005036

Community Details

Overview

  • No Home Owners Association
  • 19 Units
  • Valley

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $115,254

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: PSC-
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5723005036
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 701.10

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 19.00
  • Total Parking Spaces: 19.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: ENERGY STAR Qualified Equipment, High Efficiency, Combination
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Energy Star Qualified Equipment, High Efficiency, Seer Rated 16+
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 20001.00
  • Lot Size Acres: 0.4592

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 20001.0000 Square Feet
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 19
  • Number With Dishwasher: 19
  • Number With Disposal: 19
  • Number With Range: 19
  • Number With Refrigerator: 19
  • Rent Control: No

Tax Info

  • New Taxes Expense: 115254.00
  • Tax Block: D
  • Tax Census Tract: 4622.02
  • Tax Lot: 19
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2019 12/03/19 Sold $9,950,000 -4.5% $701 / Sq Ft
11/21/2019 11/21/19 Pending -- -- --
09/09/2019 09/09/19 For Sale $10,420,000 -- $734 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,910 $10,881,775 $7,655,521 $3,226,254
2024 $1,910 $10,668,408 $7,505,413 $3,162,995
2023 $118,134 $10,459,225 $7,358,249 $3,100,976
2022 $113,987 $10,254,143 $7,213,970 $3,040,173
2021 $1,734 $10,053,082 $7,072,520 $2,980,562
2019 $858 $5,503,920 $3,852,540 $1,651,380
2018 $32,096 $2,742,980 $2,466,098 $276,882
2016 $31,005 $2,636,469 $2,370,338 $266,131
2015 $1,487 $2,596,868 $2,334,734 $262,134
2014 $1,623 $2,546,000 $2,289,000 $257,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR19215797

California Regional Multiple Listing Service (CRMLS)