NOT LISTED FOR SALE
3 Beds
2 Baths
9,658 Sq Ft
10,934 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $6,500,000 $673 Per Sq Ft

11 Days on Market

Highlights

  • Gated Community
  • Property is near public transit
  • No HOA
  • Mountain View
  • Wood Flooring
  • High Efficiency Air Conditioning

About This Home

As of September 2021

303 N Oakland Ave, a turnkey is a fully upgraded, and 100% occupied 13 units luxury apartment in the City of Pasadena. The property is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area. The properties offer an investor the rare opportunity to own a high cash flowing apartment property in one of the most desirable locations in Pasadena. The property offers 100% occupancy on a master lease until June 2022. This higher cap rate for the area, combined with low interest rates offer investor over 7% cash on cash return with proper financing. This property offers higher allowable annual rent increases under California AB1482 (5% + CPI).

Last Agent to Sell the Property

Han Widjaja-Chen

GIG Real Estate Inc. License #01749321 Listed on: 05/17/2021

Last Buyer's Agent

Mark Repstad

Mark Repstad License #01492673

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • East Facing Home
  • Rectangular Lot
  • Level Lot

Home Design

  • Apartment

Interior Spaces

  • 9,658 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Closed Circuit Camera
  • Fire and Smoke Detector

Parking

  • 13 Parking Spaces
  • 13 Carport Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking
  • Controlled Entrance

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • High Efficiency Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • 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 14 / D
  • Assessor Parcel Number 5723005033

Community Details

Overview

  • No Home Owners Association
  • 13 Units
  • Valley

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.25 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Automatic Gate, Closed Circuit Camera(s), Fire and Smoke Detection System, Gated Community, Security Lights, Smoke Detector(s)
  • View: Yes
  • Zoning: PSC-
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5723005033
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Levels: Two
  • Price Per Square Foot: 673.02

Exterior Features

  • Direction Faces: East
  • View: Mountain(s)
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Attached Carport, Detached Carport, Controlled Entrance
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: High Efficiency, Combination
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit
  • Lot Size Sq Ft: 10933.00
  • Lot Size Acres: 0.2510

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Lot Size Area: 10933.0000 Square Feet
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 13
  • Number With Dishwasher: 13
  • Number With Disposal: 13
  • Number With Range: 13
  • Number With Refrigerator: 13
  • Rent Control: No

Tax Info

  • Tax Block: D
  • Tax Census Tract: 4622.02
  • Tax Lot: 14
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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
03/04/2026 03/04/26 Off Market $2,250 -- --
12/19/2025 12/19/25 Price Changed $2,250 -4.8% $3 / Sq Ft
12/10/2025 12/10/25 Price Changed $2,363 -4.5% $3 / Sq Ft
11/23/2025 11/23/25 Price Changed $2,475 -0.7% $3 / Sq Ft
11/21/2025 11/21/25 Price Changed $2,493 +0.7% $3 / Sq Ft
11/06/2025 11/06/25 Price Changed $2,475 -0.7% $3 / Sq Ft
11/05/2025 11/05/25 Price Changed $2,493 +0.7% $3 / Sq Ft
10/29/2025 10/29/25 Price Changed $2,475 -0.7% $3 / Sq Ft
10/15/2025 10/15/25 Price Changed $2,493 -7.8% $3 / Sq Ft
09/24/2025 09/24/25 Price Changed $2,705 +23.0% $3 / Sq Ft
07/28/2025 07/28/25 Price Changed $2,200 -8.3% $3 / Sq Ft
07/22/2025 07/22/25 Price Changed $2,400 +2.7% $3 / Sq Ft
04/24/2025 04/24/25 Price Changed $2,337 -8.4% $3 / Sq Ft
03/11/2025 03/11/25 Price Changed $2,550 +9.1% $3 / Sq Ft
03/10/2025 03/10/25 Price Changed $2,337 -10.1% $3 / Sq Ft
01/16/2025 01/16/25 Price Changed $2,600 +15.6% $3 / Sq Ft
12/31/2024 12/31/24 For Rent $2,250 0.0% --
09/17/2021 09/17/21 Sold $6,500,000 -1.5% $673 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $6,600,000 -- $683 / 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 $2,351 $6,897,851 $4,828,496 $2,069,355
2024 $2,210 $6,762,600 $4,733,820 $2,028,780
2023 $75,866 $6,630,000 $4,641,000 $1,989,000
2022 $73,238 $6,500,000 $4,550,000 $1,950,000
2021 $43,694 $3,880,949 $2,712,040 $1,168,909
2019 $42,052 $3,765,840 $2,631,600 $1,134,240
2018 $22,809 $1,874,619 $1,687,159 $187,460
2016 $22,026 $1,801,828 $1,621,646 $180,182
2015 $1,835 $1,774,764 $1,597,288 $177,476
2014 $1,909 $1,740,000 $1,566,000 $174,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR21105662

California Regional Multiple Listing Service (CRMLS)
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