About This Home
This 4-bedroom, 3-bathroom multi-family at 261 N Oak Avenue in Pasadena, CA is listed for $1,280,000. Built in 1913, on a 0.20 acres lot.
Key Features
- Built in 1913
- 0.20 acre lot
Property Details
Amenities
A RARE TWO HOME INCOME OPPORTUNITY IN PASADENA. Unlock the potential of two fully detached residences with no common walls on one expansive 8,737 sq ft lot. The renovated front bungalow features 2 bedrooms and 1 bathroom, while the rear residence, completed in 2025, offers 2 bedrooms and 2 bathrooms.
This versatile configuration creates multiple ownership strategies: occupy one residence and lease the other, rent both homes, or hold the property as a flexible long term asset. Each residence includes indoor laundry, a private outdoor area, and a bright, functional layout enhanced by thoughtfully selected modern finishes.
A long private driveway provides generous off street parking, while low maintenance drought tolerant landscaping, mature citrus trees, covered gathering areas, a gazebo, and an above ground spa add everyday appeal. The oversized lot may also offer future potential for an additional ADU or 4 car garage, subject to buyer investigation and city approval, providing another possible avenue for value creation.
Located near shopping, dining, parks, and transit, this property combines privacy, condition, flexibility, and expansion potential in one compelling Pasadena offering. Opportunities with two separate homes and this level of versatility are increasingly difficult to find.
Monthly Cost Estimate
$6,846/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
261 N Oak Avenue
Pasadena, CA 91107
Property Details
Cooling
Questions & Answers
This 4-bedroom, 3-bathroom multi-family at 261 N Oak Avenue is listed at $1,280,000. The estimated monthly payment is $6,845 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1913, 0.20 acre lot.
This property is listed by Victoria Ronald and can be reached at 6263905833.