1421 N Fair Oaks Avenue, Pasadena, CA 91103

About this property

1421 N Fair Oaks is a 5-unit apartment in the City of Pasadena, California delivered vacant. The property is situated on a large lot size of ±13,869 square feet lot (PSR*) which provides buyers the options for future development. The property is located just a 6-minute commute to Old Town Pasadena and offers access to all amenities the City of Pasadena has to offer. Bountiful open parking is available to the tenants. The attractive unit mix consists of one -2bed+1bath unit, three- 1bed+1bath units, and one studio unit. All units are turn-key and most have never been lived in. Most of the units have been completely remodeled. The property has brand new HVAC, plumbing & Electrical. This is a well-located deal, completely upgraded and ready for move-in. Currently, the property currently is master leased to an operator for $8,200 a month and the tenant covers all utilities excluding property taxes and insurance but will be delivered free of any tenants to a new buyer. Please contact the listing agent for more information.

Listing description from the May 2021 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold May 2021 · listed $1,450,000, orig. $1,500,000, on market February 2021 · MLS #PW21031533 · Source: CRMLS

Listing Agent: Justin White · Listing Office: Justin White · Contact: 714-231-2537 · Bought with: Justin White · Justin White

$475,000

Sold April 2018 · listed $900,000, on market March 2017 · MLS #TR17057725 · Source: CRMLS

Listing Agent: Heliodoro Duarte · Listing Office: J.R.A. & Associates Realty · Contact: 562-693-2200 · Bought with: Heliodoro Duarte · J.R.A. & Associates Realty

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