610 N Oakland Avenue
Pasadena, CA, 91101
$2,680,000
Beds
0 Baths
SqFt
0.29 Acres
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Oakland Apartments is an 8-unit apartment building located in the desirable city of Pasadena, CA. This property offers an ideal unit mix of large 1- and 2-bedrom units with amenities that include laminate wood flooring, stainless steel appliances, quartz countertops, custom kitchen cabinetry, and upgraded bathrooms. The property features carport parking spaces, individual gas and electric meters, individual water heaters, new windows, a newly upgraded shared laundry facility which is owned, copper plumbing, and a new roof. The property offers an investor the opportunity to acquire a fully occupied asset in excellent condition with approximately 20% upside. Strong in place rents generate a current cap rate of 5.7%, 7.1% with market rents.

Property Details

Price:
$2,680,000
MLS #:
PW25146387
Status:
Active
Baths:
0
Address:
610 N Oakland Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
645pasadenanw
City:
Pasadena
Listed Date:
Jun 30, 2025
State:
CA
ZIP:
91101
Lot Size:
12,718 sqft / 0.29 acres (approx)
Year Built:
1958
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2
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610 N Oakland Avenue
Pasadena, CA