#WS25081522, KEVIN LUTZ, Listing Office: Keller Williams Realty/Pasadena
#CV25058279·
Listing office: CB RICHARD ELLIS·
Listing agent: ERIC CHEN·
Listing office phone: 626-757-5717
$10,500,000 List price
265 N Oakland Ave Pasadena, CA 91101
0.5 acres
Condo
Property details
About 265 N Oakland Ave
We are proud to present 265 N Oakland Ave – A 19-Unit Multifamily Community Located Just Steps From Colorado Blvd. In Pasadena, CA. The property is located south of the 210-fwy near the corner of Los Robles Ave and Walnut St, just 1-block away from Colorado Blvd where all of Pasadena’s retail and entertainment collide. The property has undergone extensive rehab in the last several years. Aside from all units being fully rehabbed, additional upgrades to the property like in-unit washer and dryers, soft-story retrofitting, and keyless entry locks have also been added. Tenants at the property also enjoy secured access, gated parking, and private balconies in select units. The property is currently leased to students at Providence Christian College, whom has master leased the property for the last 5 years. Throughout the lease, ownership benefits from 100% collections every month, and up to 5% increases in monthly rent every year. The tenant assumes responsibilities that most landlords typically inherit, which allows for minimized landlord responsibilities with strong and reliable cash flow. 265 N Oakland Ave is a 19-unit multifamily property with ±14,192 SF of rentable building space. The property sits on over ±20,000 SF of land and offers ample parking and community area. The units consist of 15, 1-Bedroom/1-Bathroom and 4, large 2-Bedroom/1-Bathroom units. Based on the master lease in-place, the units average over $3,000 per month. On average, these units will rent slightly below that if leased traditionally, which allows an investor to cash flow stronger than competing apartment communities nearby. There is additional revenue potential through the addition of 2 ADUs (buyer to verify with city). This opportunity can be an excellent fit for an exchange buyer entering the multifamily market in Pasadena and capitalizing on the benefits of the master lease in-place.
Highlights
Home typeCondominium
HeatingWall Furnace
StatusActive
CoolingWall/Window Unit(s)
Lot size0.4592 Acres
Year built1962
MLS #CV25058279
Summary
- Private Pool: No
- Heating: Wall Furnace
- Cooling: Wall/Window Unit(s)
- List Price: $10,500,000
- Annual Tax Amount: $1,909
- Tax Year: 2024
- Directions: Merge onto I-210 W/Foothill Fwy toward Pasadena, Exit Lake Avenue, Use the right lane to merge onto E Maple St, Turn left onto El Molino Ave, Turn right onto E Walnut St, Turn right onto N Oakland Ave
- Year Built: 1962
- Stories: 2
- Lot Size: 0.4592 Acres
- MLS Number: CV25058279
- MLS Name: CRMLS
- Office Name: CB RICHARD ELLIS
- Office Phone: (626) 757-5717
- Listing Agent: ERIC CHEN
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2025, 5:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$10,500,000
265 N Oakland Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 02, 2019 | Home Sold | $9,950,000 |
| Jan 04, 2018 | Home Sold | $22,750,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $10,668,408 | $1,909 |
| 2023 | $10,459,225 | $2,275 |
| 2022 | $10,254,143 | $1,863 |
| 2021 | $10,053,082 | $1,734 |
| 2020 | $9,950,000 | $858 |
| 2019 | $5,503,920 | $32,096 |
| 2018 | $2,742,980 | $31,770 |
| 2017 | $2,689,197 | $31,770 |
History based on county public records data.
Nearby schools
4
James Madison Elementary School
Public District KG-5
0.6 mi
•515 E Ashtabula St
6
Longfellow Magnet School
Public District KG-5
1.5 mi
•1065 E Washington Blvd
3
Washington Elementary STEM Magnet School
Public District KG-5
1.5 mi
•1520 N Raymond Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,900. Residents of Pasadena, CA typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
36%
<35k
46%
35k-100k
14%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
60%
Single, No Kids
2%
Single, with Kids
23%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
2%
12-17 yrs old
50%
18-34 yrs old
33%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Art Museums
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Bloomingdales
Banana Republic
Where do the neighbors go to eat?
Chipotle
Starbucks
Jack In The Box
What do the neighbors drive?
Volkswagen
Audi
Toyota
What do the neighbors listen to?
Rhythmic Contemporary Hits
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 265 N Oakland Ave
The listing price of 265 N Oakland Ave property is $10,500,000.
The property 265 N Oakland Ave is a condo located in Pasadena, California, 91101.
Active Listing: 265 N Oakland Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 265 N Oakland Ave are: James Madison Elementary School (GreatSchools Rating 4/10), Longfellow Magnet School (GreatSchools Rating 6/10), Washington Elementary STEM Magnet School (GreatSchools Rating 3/10), McKinley Arts School (GreatSchools Rating 3/10), Octavia E. Butler Magnet Middle School (GreatSchools Rating 4/10), Ocs - South (GreatSchools Rating 8/10), Rose City High (Continuation) (GreatSchools Rating 2/10), Blair High School (GreatSchools Rating 5/10), Marshall Fundamental (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $1,909 (source: MLS/based on county public records data).
The last sale was on December 2, 2019 for $9,950,000 (source: MLS/tax record).
The property at 265 N Oakland Ave has 0 bathroom.
The year of construction for 265 N Oakland Ave is 1962.
This home is located at 265 N Oakland Ave in Pasadena, CA and zip code 91101 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 17, 2025 and is currently priced at $10,500,000.
In April 2025, from all listings sold in Pasadena, CA there were more than 58 sold above asking price, over 28 sold below and more than 7 were sold right at the asked price. The number of listings in Pasadena, CA increased by 3.5% between March and April 2025. Listings spent 25 days on the market in April 2025, and had a median list price of $1,223,114 during the same period.
From Rocket Homes Real Estate and based on county public records data.