Description

4-unit Single Story several blocks north of Old Town Pasadena, Large ±10k SF RM-48 Zoned Lot, Garage parking, New roofs, New Electrical, and many other CAPEX. Easy to Rent and Manage, 1 unit can be delivered vacant. 395-401 N Oakland Ave, a value-add Single story fourplex community in the City of Pasadena. Situated only several blocks north of Old Town Pasadena, a block west of Los Robles Ave, and just within walking distance of many dining, shopping, and other attractions in Pasadena, the property offers a highly desirable single-story layout on a large 9739SF RM-48 (high density) zone lot. The front unit is vacant and can be delivered vacant for an owner-user purchase. The property consists of 2 duplexes, and a detached 3 car garage. The unit mix is all 1bedroom+1bathroom, which makes it very easy to rent and manage. The ownership has spent countless hours and capital in improving the property in the past 5 years which includes new roofs, new electrical wiring and panels, new landscaping (south side), new property gate and fence, new water heater for each unit, new garage door opener, and new concrete for trash bin area. Front building has been seismically retrofitted (buyer to verify), and back buildings are on slab foundation. The property was built in 1901, has a total of ±2,602 SF building size and is situated on a large ±9,739 SF RM-48 (High Density) zoned lot. The front 2 units have been upgraded with laminate/vinyl wood flooring, new A/C, updated bathroom, and updated kitchen. One of the front units (No. 395) is currently vacant and can be delivered vacant at close of escrow, making it a suitable purchase for an owner-user who would like to live in one unit and rent out the other 3. The back 2 units have had some updates which include new A/C, upgraded electricals, and new water heaters. Each of these 2 units have a large private backyard. The property has 6 parking spaces (3 detached garages + 3 open spaces). Each unit has individual water heaters and separately meters for electricity and gas. Laundry is provided via shared laundry area (seller’s own machine).