Home For Sale In Pasadena, California

house for sale

Listed: 05/31/24

265 N Oakland Ave, Pasadena, California, 91101

23 Bed:

23 Bath:

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Price

$ 10,95M

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About This House

Consistent Increasing CAP Rates w/ ZERO Vacancy for the next 2 to 5 years! 265 N Oakland Ave, a turnkey, fully upgraded (with permits), and Zero vacancy 19 units luxury apartment in the City of Pasadena. The property is located within the Pasadena Playhouse District, south of 210 Freeway and just within walking distance to Old Town Pasadena area (Walk Score 90 and Bike Score 85). This offering provides a Recession Proof , zero vacancy apartment opportunity secured by a master lease with a local Christian College based in Pasadena. It provides the benefits of a commercial master lease while providing reliability of a turnkey multifamily asset in a strong and mature market. With known annual rent increases, the return/CAP … Full description

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Houses for sale in Pasadena

Original listing

Pasadena Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$1,269,471 (+12.8%)
Jul 2024	$1,125,683 (+3.1%)
Jun 2024	$1,092,272 (+10.7%)
May 2024	$986,586 (+3.3%)
Apr 2024	$955,050 (0%)
Mar 2024	$955,050 (0%)

In August 2024, the asking price for 2 bed houses for sale in/near Pasadena, United States averaged $1,269,471, an increase of 12.8% from the previous month.

Median price trends for properties for sale in Pasadena, United States as of August 2024.

Household Income

Median household income: $76,264

Number of households: 54,734

The average household income in Pasadena, CA grew from $73,029 to $76,264 in the past year. This data is an estimate based upon 54,734 households in Pasadena, CA.
The chart below presents how household income is distributed in Pasadena, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pasadena, CA compared to median property taxes around the country. The prevalent amount of property taxes in Pasadena, CA equals $3k+ , which is more than the national average.