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    49 S Grand Oaks Ave Pasadena, CA 91107

    For Sale
    $1,999,000

    Charming 8-unit property near Old Town Pasadena with rental upside.

    Lot size:
    0.20 Acres

    Property Features for 49 S Grand Oaks Ave

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1953

    Source: Keller Williams Realty Agent Mark Trueblood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pasadena Multifamily Investment Opportunity

    Located at 49 S. Grand Oaks Ave in Pasadena, this 8-unit multifamily property offers an investment opportunity with rental upside potential. The well-maintained building is situated in a desirable neighborhood within walking distance of Old Town Pasadena, providing convenient access to shops, restaurants, parks, and public transit. The property features a mix of spacious one and studio units, each offering a comfortable living space with classic architectural details, including hardwood floors, large windows, and ample natural light. The property was recently painted, and new windows were installed throughout. With its prime location and strong demand for rental housing in Pasadena, the property offers an opportunity for rent increases and potential for future value appreciation. Current rents are below market, offering immediate upside for an investor to maximize cash flow. This building represents an excellent chance to acquire a well-positioned asset with long-term growth potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1052441
    Latitude
    34.1450039

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    FAQs

    What type of property is this?
    Apartment building - Charming 8-unit property near Old Town Pasadena with rental upside.
    Where is this apartment building located?
    The property is located at 49 S Grand Oaks Ave Pasadena, CA.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Prime location in a highly desirable Pasadena neighborhood, walking distance to Old Town Pasadena's shops, restaurants, parks, and public transit.; - Significant rental upside potential due to below-market current rents.; - Well-maintained 8-unit multifamily property.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49 S Grand Oaks Ave Pasadena, CA 91107
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