420 S Oakland Avenue, Pasadena, CA 91101

About this fourplex

Step into the spotlight with an extraordinary real estate opportunity - a remarkable 4plex making its market debut for the first time in an astonishing 45 years, revealing a truly unparalleled find. Nestled in proximity to the prestigious Madison Heights and a mere stone's throw away from the bustling heart of Old Town Pasadena, this property shines as an exquisite gem. It showcases four good-sized 2-bed, 2-bath units. Positioned within close reach of iconic landmarks such as the Pasadena Playhouse, Paseo, and the Gold Line light rail, this address promises an urban living experience like no other. In conjunction with this, what genuinely distinguishes this property is the meticulous planning that forms its foundation. With the City of Pasadena's planning design approval already secured and the project now in the final plan check process, a well-defined pathway is established for the enhancement of this treasure into an extraordinary five-unit development, encapsulating an opportunity of remarkable proportions. Serving as a canvas brimming with untapped potential, the possibilities extend far and wide: envisage residing in one unit while savoring returns from the remaining or embracing a pre-approved vision of a five-unit development. The allure of this offering reaches well beyond its immediate appeal, further elevated by the substantial progress in planning that has been achieved; a pivotal juncture to embrace the quintessential Pasadena lifestyle, where the city's storied heritage, dynamic culture, and contemporary living converge seamlessly. Envision a property blending classic charm with boundless prospects, presenting an unrivaled chance to secure a unique slice of Pasadena's history and future. This property is an exceptional opportunity within an unmatched location. This property offers a cornerstone of one's legacy and a chance to unlock a multitude of prospective futures.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,700,000

Sold September 2023 · listed $1,890,000, on market August 2023 · MLS #P1-14783 · Source: CRMLS

Listing Agent: Julia Kwon · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: (626) 440-5100 · Bought with: Joycelynn Tan · Keller Williams Realty

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