265 N Oakland Avenue

Pasadena, CA 91101

  • 0 Bed(s)
  • 0 Bath(s)
  • 14,192 Sqft
  • 20001
    Sqft(Lot)
$10,500,000

Description

We are proud to present 265 n oakland ave – a 19-unit multifamily community located just steps from colorado blvd. in pasadena, ca.

the property is located south of the 210-fwy near the corner of los robles ave and walnut st, just 1-block away from colorado blvd where all of pasadena’s retail and entertainment collide. the property has undergone extensive rehab in the last several years. aside from all units being fully rehabbed, additional upgrades to the property like in-unit washer and dryers, soft-story retrofitting, and keyless entry locks have also been added. tenants at the property also enjoy secured access, gated parking, and private balconies in select units.

the property is currently leased to students at providence christian college, whom has master leased the property for the last 5 years. throughout the lease, ownership benefits from 100% collections every month, and up to 5% increases in monthly rent every year. the tenant assumes responsibilities that most landlords typically inherit, which allows for minimized landlord responsibilities with strong and reliable cash flow.

265 n oakland ave is a 19-unit multifamily property with ±14,192 sf of rentable building space. the property sits on over ±20,000 sf of land and offers ample parking and community area. the units consist of 15, 1-bedroom/1-bathroom and 4, large 2-bedroom/1-bathroom units. based on the master lease in-place, the units average over $3,000 per month. on average, these units will rent slightly below that if leased traditionally, which allows an investor to cash flow stronger than competing apartment communities nearby. there is additional revenue potential through the addition of 2 adus (buyer to verify with city).

this opportunity can be an excellent fit for an exchange buyer entering the multifamily market in pasadena and capitalizing on the benefits of the master lease in-place.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48997324

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1962
    • Building Area Total: 14,192

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4592
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 20001

  • Listing Price Information

    • Original List Price: 10,500,000
    • Listing Contract Date: 2025-03-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5723005036

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 645 - Pasadena (NW)
    • Directions: Merge onto I-210 W/Foothill Fwy toward Pasadena, Exit Lake Avenue, Use the right lane to merge onto E Maple St, Turn left onto El Molino Ave, Turn right onto E Walnut St, Turn right onto N Oakland Ave
    • Zoning: PSC-
    • Source Property Type: Residential Income
    • Area: 645 - Pasadena (NW)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 63
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/26/2025 @ 05:20

  • MLS: CV25058279
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 14,192 sqft, 20,001 sized lot, and 0 parking. are nearby neighborhoods.