Bought with Mark Repstad • Mark Repstad, Broker
$6,500,000
$6,600,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
303 N Oakland Avenue Pasadena, CA 91101
9,658 SqFt
Key Details
Sold Price $6,500,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,658 sqft
Price per Sqft $673
MLS Listing ID CRAR21105662
Sold Date 09/17/21
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1958
Lot Size 0.251 Acres
Property Description
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).
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Wall/Window Unit(s), Other
Flooring Vinyl, Wood
Fireplace No
Laundry Dryer, Washer, Inside
Exterior
View Mountain(s)
Building
Lot Description Level, Other
Water Public
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.