155 S Oak Knoll Avenue, Pasadena, CA 91101

$5,988,000
8,800
SqFt
List Price
$5,988,000
Status
ACTIVE
MLS#
WS20244320
Year Built
1947
Living Sq. Ft
8,800
Lot Size
14,510
Acres
0.3331
Lot Location
Lot 10000-19999 Sqft
Days on Market
19
Property Type
Multifamily

Property Description

This property is offered for sale as a Residential Income Property as well as for its Land value (Land Listing id. WS20220302). It sits on a 1/3 acre lot with 4 building structures: a 2B2b Single Family Residence, one Duplex (with 2 studios), two 2-story Fourplexes (with one 2B1b, three 1B1b, and 4 Studios). Totaling 11 mixed units. It has 12 parking spots comprised of one 2-car garage, three 1-car garage and 7 outdoor parking spaces. Rent is very much below market, and the property has very low maintenance. Ideal for Builders and Investors: This property has a big bonus due to its Land Value alone. Zoned R60 (60 units/acre) allowing at least 20 units to be built on the lot, check with City for possibly more Density Bonus unit allowance. Centrally located in Pasadena most desirable area, South of Colorado, West of Lake, close to Old Town Pasadena, Cal Tech, PCC and the future Kaiser Permanente Medical School. It has easy access to Fwy 110 to Downtown LA and Fwy 134 to Glendale. Property is to be sold "as is", no repairs. One half of front house is to be delivered empty at COE (Owner's office- in remodeling stage). All information provided is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Seller is a Real Estate Licensee and the Listing Broker in this transaction.

Additional Information

Tract Number
/
Lot Description
Sidewalks, Street Lights
Pool Description
None
Heat
Wall Furnace
View
None
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
11
Gross Scheduled Income
$200,460
Operating Expense
77515
Unit One Total Units
1
Unit One Beds
2
Unit One Baths
2
Unit One Garage Spaces
2.00
Unit One Actual Rent
3350.00
Unit One Total Rent
3350.00
Unit One Pro Forma
3800
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
1650.00
Unit Two Total Rent
1650.00
Unit Two Pro Forma
2300
Unit Two Furnished
Unfurnished
Unit Three Total Units
3
Unit Three Beds
1
Unit Three Baths
1
Unit Three Garage Spaces
3.00
Unit Three Actual Rent
1525.00
Unit Three Total Rent
4575.00
Unit Three Pro Forma
5550
Unit Three Furnished
Unfurnished
Unit Four Total Units
6
Unit Four Baths
1
Unit Four Garage Spaces
6.00
Unit Four Actual Rent
1172.00
Unit Four Total Rent
7030.00
Unit Four Pro Forma
9000
Unit Four Furnished
Unfurnished

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Q JENSAN CHENG from JENOAK PROPERTIES

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.