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$2,395,000   Price Analysis
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1411 Fair Oaks Ave
South Pasadena, CA 91030
6 bed 5 bath 4,034 SqFt ($593/SqFt)
8,340SqFt lot. Built 1921
Listed 2024-02-13, Taxes $5,887
Ⓧ USDA Ineligible
due to price & location

near South Pasadena

Discover the charm and potential of this stunning 5-unit Spanish style residential income property in the heart of South Pasadena.

Boasting with classic architectural details, each unit offers a blend of old-world elegance and modern convenience. The property features two 2-bedroom and 1-bathrooms units and three 1-bedroom and 1-bathroom units. Interior details such as arched doorways, built-ins and hardwood flooring provide a timeless and inviting atmosphere. Each unit is provided with an assigned parking space and access to an on-site laundry room in addition to private balconies and patios.

The two units in the front of the property have the added convenienc e of washer dryer hookups inside the unit. The property has been thoughtfully updated throughout the years including newly installed roofing, updated electrical and fresh exterior paint. Ideal for investors and owner-occupiers alike, this income property presents a rare opportunity to own a piece of South Pasadena's rich history while generating steady rental income. With its convenient location near Mission Street shops and dining, Bristol Farms, Garfield Park and local Elementary, Middle and High school, tenants will enjoy the best f what the area has to offer.


Presented by James J. Rock at
COMPASS.
Listing Agent Photo

Property MLS #P1-16499 from CRMLS

Bedrooms: 6

Crown Molding
Ceiling Fan(s)
Copper Plumbing Partial
Storage
Door Features: Panel Doors
Flooring: Tile, Vinyl, Wood

Appliances: Refrigerator, Free-Standing Range, Water Heater, Gas Water Heater, Gas Oven, Gas & Electric Range
Appliances YN: Yes
Laundry Features: In Kitchen, Gas Dryer Hookup, Washer Hookup

All Bedrooms Up, Main Floor Bedroom, Laundry, All Bedrooms Down, Living Room

Cooling Features: Wall/Window Unit(s)
Heating Features: Wall Furnace
Heating: Yes

Full Bathrooms: 5

Lighting
Rain Gutters
Fencing: Fence YN: Yes, Fencing: Wood, Wrought Iron
Road Frontage Type: City Street
Road Surface Type: Paved

Builder Model: 5 Plex
Monthly Parking Fee: 50

Carport Spaces: 2
Garage Spaces: 2
Parking Features: Parking YN: Yes, Parking Features: Assigned, Concrete, On Site, Driveway Level, Side by Side, Parking Space, Garage - Two Door, Carport
Parking Total: 5

Lot Description: Front Yard, Treed Lot, Sprinklers In Front, Near Public Transit, Lot 6500-9999, Utilities - Overhead, Sprinklers Timer, Rectangular Lot, Lawn
Lot Size Acres: 0.1914601
Lot Size Dimensions: 8340
Lot Size Source: Public Records
Lot Size Square Feet: 8340

Association: No
Calculated Total Monthly Association Fees: 0
Gardener Expense: 2520.00

Number of Units: 5
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Unit-1 Description: 1-1 front hardwood floors, lots of character quaint porch and patio facade FP in LR, DR Blt-in
Unit-2 Description: 2-1 front hardwood floors, lots of character quaint porch and patio facade FP in lv rm
Unit-3 Description: 2-1 Lower level, hardwood floors bright floorplan, quaint rear patio, 1covrd p-space
Unit-4 Description: 1-1 top level w/nice balcony/patio off kitchen, bright floorplan
Unit-5 Description: Rear Bldg, Lower level bright floor plan, spacious Kitchen, patio area
Unit-1 Garage Spaces: 1
Unit-3 Garage Spaces: 1

Tenant Pays: Electricity, Gas
Vacancy Allowance: 3

Community Features: Gutters, Street Lights, Storm Drains

Annual Tax Amount: 5998.36
Source Listing Status: Active
County: Los Angeles
Tax Year: 2023
Source Property Type: Residential Income
Inclusions: Appliances
Insurance Expense: 3966.00
Area: 658 - So. Pasadena
Source Neighborhood: 658 - So. Pasadena
New Taxes Expense: 28750.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 5
Number of Separate Water Meters: 1
Parcel Number: 5319004022
Trash Expense: 2400.00
Zoning: R3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$138,074 + $177,775
$315,849
$5,887
2021$135,367 + $174,290
$309,657
$5,775
2020$133,979 + $172,503
$306,482
$5,704
2019$131,352 + $169,121
$300,473
$5,628
2018$128,777 + $165,805
$294,582
$5,435
2017$126,252 + $162,554
$288,806
$5,321
2016$123,777 + $159,367
$283,144
$5,038
2015$121,918 + $156,974
$278,892
$4,958
2014$119,530 + $153,900
$273,430
$4,939
2013$118,990 + $153,205
$272,195
$4,932
2012$116,657 + $150,201
$266,858
$4,959
2010$114,370 + $147,256
$261,626
$5,305
2009$113,786 + $146,504
$260,290
$4,223
2009$113,516 + $146,156
$259,672
$4,223
2008$111,555 + $143,632
$255,187
$4,119
2007$109,368 + $140,816
$250,184
$4,020

Listed 2024-02-13
$2,395,000
CRMLS
Listing removed 2024-01-25
$0
CRMLS
Listed 2023-08-02
$2,500,000
CRMLS
Listing removed 2019-12-11
$1,450
PasadenaPFAR
Listing removed 2019-12-11
$1,400
PasadenaPFAR
Listing removed 2019-12-11
$1,350
PasadenaPFAR
Listing removed 2006-06-19
$1,450
ITECH
Listed for rent 2006-06-02
$1,450
ITECH
Listing removed 2006-01-27
$1,400
ITECH
Listed for rent 2005-12-19
$1,400
ITECH
Listing removed 2004-08-06
$1,350
ITECH
Listed for rent 2004-07-27
$1,350
ITECH
Sold 2003-02-19
$410,000
Public Record
Sold 1978-06-02
$222,000
Public Record

Net Operating Income: 104294.00

Total Square Feet Living: 4034
Year Built: 1921
Building Features: 2
Common Walls: 1 Common Wall
Construction Materials: Frame, Stucco, Plaster
Direction Faces: East
Entry Level: 1
Entry Location: Front
Foundation Details: Concrete Perimeter, Raised, Pillar/Post/Pier, Slab
Property Age: 103
Property Attached: Yes
Property Condition: Updated/Remodeled
Roof: Composition, Spanish Tile, Rolled/Hot Mop
Levels or Stories: Two
Building Total Stories: 1
Structure Type: Apartment
House Style: Spanish, Traditional
Year Built Source: Public Records

Electric: Standard
Electric Expense: 600.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2700.00
Electricity Connected
Water Connected
Sewer Connected
Natural Gas Connected
Water Source: Public

Parking
No Interior Steps

South Pasadena Middle School is a public middle school located approximately 0.1 miles away.
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South Pasadena Senior High School is a public high school located approximately 0.1 miles away.
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Arroyo Vista Elementary School is a public elementary school located approximately 1 miles away.
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Holy Family Catholic School is a private elementary and middle school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.