NOT LISTED FOR SALE
12 Beds
7 Baths
5,987 Sq Ft
10,022 Sq Ft Lot

Last Sold April 17, 2018

Last sale price $2,450,000 $409 Per Sq Ft

23 Days on Market

About This Home

As of April 2018

48 S. Oak Avenue is s well maintained 7 unit apartment building located in prime Pasadena. Built by the Seller's family in 1975, the property is available to be purchased for the first time ever. Not subject to rent control, 48 S. Oak Avenue has an ideal unit mix consisting of 6 two bedroom 1 bath units and 1 studio unit. With a current rent per foot of only $1.79, there is immediate rental upside. Additionally, there is ample on site parking (9 spaces) and the building sits on a very large 10,022 square foot lot zoned R3. Located just south to Colorado Blvd., walking distance to restaurants and entertainment venues.

Last Agent to Sell the Property

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 01/29/2018

Last Buyer's Agent

OUT OF AREA

License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 10,022

Parking

  • 9 Car Detached Garage

Home Design

  • 5,987 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Additional Features

  • 10,022 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5747-010-030

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

10,022 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5987
  • Year Built: 1975
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 392.52

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 9

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Value: 209166
  • Assessed Land Value: 27647
  • Assessor Parcel Number: 5747-010-030
  • Geocode Override: No
  • Lot Size Area: 10022

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.47
  • Number Of Units: 7
  • Rent Control: 0%
  • Type Of Units: 2s, Studio
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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
04/17/2018 04/17/18 Sold $2,450,000 +4.3% $409 / Sq Ft
02/21/2018 02/21/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $2,350,000 0.0% $393 / Sq Ft
01/26/2016 01/26/16 Rented $1,550 0.0% --
01/16/2016 01/16/16 For Rent $1,550 0.0% --
11/17/2014 11/17/14 Rented $1,550 0.0% --
11/17/2014 11/17/14 For Rent $1,550 -- --
Source: The MLS

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 $31,601 $2,787,678 $1,672,607 $1,115,071
2024 $31,601 $2,733,018 $1,639,811 $1,093,207
2023 $31,339 $2,679,430 $1,607,658 $1,071,772
2022 $30,259 $2,626,893 $1,576,136 $1,050,757
2021 $29,018 $2,575,386 $1,545,232 $1,030,154
2019 $27,931 $2,499,000 $1,499,400 $999,600
2018 $4,006 $241,548 $28,199 $213,349
2016 $3,790 $232,170 $27,105 $205,065
2015 $3,744 $228,683 $26,698 $201,985
2014 $3,727 $224,205 $26,176 $198,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-307950

The MLS
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