Welcome to 290 N. Oak Ave., Pasadena, a duplex with incredible investment and development potential! This unique property features two separate units: The front unit (288 N Oak) consist of 2 bedrooms and 1 bathroom. The back unit (290 N Oak) is a fixer with 2 bedrooms 2 bathrooms all on a 9,382 Sq ft Lot.
Situated in a desirable Pasadena neighborhood, this property offers a fantastic opportunity for investors and developers alike. With a spacious lot and zoning allowances, the development potential (to be verified by Buyer) includes:
– Total development potential of 5 UNITS
– 3 DWELLING UNITS (can be 3 apartments, or 3 subdivided condo parcels) plus 2 ADU’s (additional dwelling units)
– Parcel is within major-transit-zone, therefore property also qualifies for a height-limit of 18 feet for the 2 ADUs, which means you can do 2-story ADUs.
– Buyer can refer to Pasadena City Planning website page titled “Multi-family ADU” for additional development standard regulations for the ADUs- No parking spaces required for the ADU due to proximity to major-transit routes (this is an allowed exception). Don’t miss your opportunity make sure to schedule your viewing today!