Est. cap rate

2.8%

Assumed rent, all units

$5,580/mo

Units

2

Price per unit

$599,000

Est. annual NOI

$33,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,400 sqft

Lot size

9,007 sqft

Year built

1922

Stories

1

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

133

MLS #

243052070

About this property

Welcome to 67 & 69 North Oak Avenue in the vibrant heart of Pasadena — a rare investment opportunity featuring two homes on one lot. Each unit is separately metered for gas and electricity, offering added convenience and flexibility for ownership or tenant management. Long-term tenants provide stable, consistent income. Situated on a spacious 9,000+ sq. ft. lot zoned RM-16, this property offers exceptional development potential, with the possibility to build up to three condos, apartments, or ADUs (buyer to verify with city). Ideally located just minutes from premier shopping, Pasadena City College, California Institute of Technology, the Metro line, and the acclaimed dining and entertainment of Old Pasadena. Also nearby is the iconic Rose Bowl Stadium, offering year-round events, sports, and recreational amenities.

Location

67 N Oak

Pasadena, Los Angeles, CA, 91107