261 N Oak, Pasadena, CA 91107
List Price: $1.5M
Listing Status: Active
Original List Price: $1.55M
0Days on Market: 40
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1913
Lot Size: 8,747 sq ft
Private Pool: Yes
MLS Number: DW26045153
About This Property
Investor opportunity! Two fully detached homes on one 8,737 sq ft lot in prime Pasadena. Front unit: 2 bed / 1 bath, approx. 765 sq ft; rear unit: 2 bed / 2 bath, approx. 1,292 sq ft (built in 2025). Both units are vacant with projected market rents of $3,500 and $4,300, offering a 6.1% cap rate. Each home features indoor laundry, private outdoor space, and bright, functional layouts. The long private driveway provides ample parking. Large backyard includes mature citrus trees, low maintenance drought tolerant grounds, gazebo, and above-ground spa. Oversized lot offers potential for ADU or 4-car garage (buyer to verify). Perfect for investors seeking rental income or house hackers looking to live in one unit while renting the other. Close to shopping, dining, parks, and transit in one of Pasadena’s most desirable neighborhoods.
Listing provided by: Nicholas Mauro DRE #01875027 562-205-1700 Nickmaurorealestate@gmail.com, Realty Executives Com. & Res.
Source: CRMLS, MLS #: DW26045153
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.