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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,425,000

Est. payment - /mo

8,746 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26096761

Construction Status Turnkey

HOA Y/N No

Year Built 1913

Lot Size 8,746 Sqft

Property Sub-Type Duplex

Property Description

2 TURNKEY MID-CENTURY-MODERN HOUSES (VACANT) on Large Lot –Brand New Back House Re-Built in 2025, Front Houses Beautifully Upgraded - Allows Additional 3 ADUs. Extremely High Proforma CAP Rate 7.35%! Perfect Blank Canvas for Owner User or Investors.

DOWNLOAD OM IN THE SUPPLEMENTAL FILE! Approved drawing for a 4-car garage is included!

261-263 N Oak Ave, a 2 Mid-Century-Modern designer house situated on a large lot within the central Pasadena area - south of the 210 Freeway and minutes to Old Pasadena. This offering currently includes two distinct residences totaling ±2,057 SF on a deep ±8,737 lot, with clear upside to add 3 ADUs (buyer to verify). With excellent high-proforma CAP Rate of 7.35%, this extremely rare offering provides new owner with perfect blank canvas to either use this as an investment or owner-user.

The property is situated on a quiet residential area close to almost all amenities city of Pasadena has to offer. It offers excellent curb appeal with very attractive and low maintenance drought-tolerant landscaping. The back house was completed in March 2025 (BUYER TO VERIFY) and re-built with excellent taste and designer finishes. Built with modern architecture techniques, it features multiple decks for tenants to use, providing a cozy living atmosphere. The unit also has hard wood floors, a wide-open living room layout, a spacious kitchen setup, and a bedroom that has doors leading directly to the backyard patio area. It is a 2 bedroom + 2 bathroom ±1300SF (BUYER TO VERIFY) house complete with entry foyer, open floor design, in-unit laundry, a private backyard deck, and so much more! The living area has attractive designer lighting, wood slate wall paneling in the dining area, farmhouse style kitchen sink, and stainless-steel kitchen appliances. The 2 bathrooms have high-end finishes with freestanding tub, bidet toilet seats, shower stall, and tiled shower/tub.

The front house is a 2bedroom + 1bathroom that was built in 1913 and was completely renovated with permits in 2023. It has about ±760SF (BUYER TO VERIFY) living space, wood covered ceiling, wood paneled wall covering, barnyard door that leads to fully upgraded kitchen, and beautifully upgraded high-end bathroom complete with freestanding bathtub and shower. It has a private backyard area tiled with beautiful outdoor tiles and fenced off with privacy screens. Other features include hard wood flooring, vintage kitchen layout, an open living room setup, etc.

Location

State CA

County Los Angeles

Area 647 - Pasadena (Sw)

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Refrigerator

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Exterior Feature Dock, Lighting

Parking Features Driveway, Gravel

Fence None

Pool None

Community Features Suburban, Valley

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Shingle

Accessibility None

Total Parking Spaces 4

Private Pool No

Building

Lot Description Lawn, Landscaped, Level, Near Public Transit, Rectangular Lot, Street Level, Value In Land

Faces East

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5746011035

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Handoko Chen Growth Investment Group Pasade han.chen@growthinvestmentgroup.com, DRE #01749321

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263 N Oak Pasadena, CA 91107