Seller's Agent in 2024
Janette Ledea
RE/MAX
(818) 409-0040
1 in this area
52 Total Sales
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.
Last Agent to Sell the Property
Re/Max Tri-City Realty License #01480942 Listed on: 01/06/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/12/2024 02/12/24 | Sold | $2,500,000 | -3.1% | $350 / Sq Ft |
| 01/08/2024 01/08/24 | Price Changed | $2,580,000 | +3.2% | $361 / Sq Ft |
| 01/06/2024 01/06/24 | For Sale | $2,500,000 | -- | $350 / Sq Ft |
| 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 | $12,750 | $2,550,000 | $1,785,000 | $765,000 |
| 2024 | $12,750 | $1,014,957 | $162,190 | $852,767 |
| 2023 | $12,645 | $995,057 | $159,010 | $836,047 |
| 2022 | $7,675 | $557,645 | $88,979 | $468,666 |
| 2021 | $7,351 | $546,712 | $87,235 | $459,477 |
| 2020 | $4,622 | $301,254 | $47,948 | $253,306 |
| 2019 | $4,621 | $295,348 | $47,008 | $248,340 |
| 2018 | $4,558 | $289,558 | $46,087 | $243,471 |
| 2016 | $15,168 | $1,248,280 | $811,383 | $436,897 |
| 2015 | $4,184 | $274,137 | $43,634 | $230,503 |
| 2014 | $4,149 | $268,768 | $42,780 | $225,988 |
Seller's Agent in 2024
Janette Ledea
RE/MAX
(818) 409-0040
1 in this area
52 Total Sales
Buyer's Agent in 2024
Joycelynn Tan
Keller Williams Realty
(818) 585-4762
2 in this area
29 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD24003489
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