$1,999,000

49 S Grand Oaks Ave Pasadena, CA 91107

Lamanda Park Neighborhood

Estimated payment $12,870/month

Total Views 142
6 Beds
-- Bath
3,673 Sq Ft
$544 Price per Sq Ft

About This Home

This charming 8-unit multifamily property, located at 49 S. Grand Oaks Ave in Pasadena, presents an exceptional investment opportunity with significant rental upside potential. Nestled in a highly desirable neighborhood, this well-maintained building is within walking distance to vibrant Old Town Pasadena, offering easy access to shops, restaurants, parks, and public transit. Property was recently painted and new windows installed throughout! The property features a mix of spacious one and studio units, each offering a comfortable living space with classic architectural details, including hardwood floors, large windows, and ample natural light. With its prime location and strong demand for rental housing in Pasadena, the property offers a great opportunity for rent increases and the potential for future value appreciation. Current rents are below market, offering immediate upside for a savvy investor to maximize cash flow. Whether you're a seasoned investor or a newcomer to multifamily properties, this building represents an excellent chance to acquire a well-positioned asset with great long-term growth potential. Don't miss out on this rare opportunity to own a piece of Pasadena real estate with strong investment prospects!

Listing Agent

Mark Trueblood

TRUMARK Real Estate Management Brokerage Email: mark@trumarkrem.com License #00791349 Listed on: 08/26/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,496 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 6 Bedrooms
  • 3,673 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 463400

Community Details

Overview

  • 8 Units

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $12,500
  • Fuel Expense $1,750
  • Insurance Expense $13,250
  • Operating Expense $31,250
  • Gross Income $147,840
  • Net Operating Income $128,840

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Price Per Unit: 249875
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 544.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 8496.00
  • Lot Size Acres: 0.1950

Multi Family

  • Electric Expense: 12500.00
  • Fuel Expense: 1750.00
  • Gross Income: 147840.00
  • Gross Scheduled Income: 147840.00
  • Insurance Expense: 13250.00
  • Lot Size Area: 8496.0000 Square Feet
  • Net Operating Income: 128840.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 19000.00
  • Rent Control: Yes
  • Total Expenses: 31250.00

Tax Info

  • Tax Lot: 50
  • Tax Tract Number: 463400

Map

Range of Values:

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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 Change Sq Ft Price
08/26/2025 08/26/25 For Sale $1,999,000 -- $544 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD25192443

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Pasadena 91107 Lamanda Park

49 S Grand Oaks Ave, Pasadena, CA

This home is located at 49 S Grand Oaks Ave, Pasadena, CA 91107 and is currently priced at $1,999,000, approximately $544 per square foot. This property was built in 1953. 49 S Grand Oaks Ave is a home located in Los Angeles County with nearby schools including Hamilton Elementary School, Pasadena High School, and St. Gregory's A. And M. Hovsepian School.

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.

California Regional Multiple Listing Service (CRMLS) 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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Mark Trueblood
Listing Agent
Mark Trueblood
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TRUMARK Real Estate Management
(818) 246-7221