261 N Oak, Pasadena, California 91107, Pasadena, 91107 - 4 bed, 3 bath
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Pasadena, California 91107
This Move-In Ready Multi-Unit Estate is listed at $1,499,888, reflecting the stability of a premium property compared to its $1,381,860 Fair Market Value. This lifestyle sanctuary features a renovated front cottage and a brand-new 2025 rear residence with designer finishes, offering a 6.1% Projected Cap Rate with $7,800 in Monthly Market Rent. The oversized lot boasts a private spa, mature citrus trees, and ADU potential within the Pasadena Unified School District. This versatile home is a premier choice for Owner-Occupants seeking a sophisticated house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 N Oak Subject | $1,499,888* List Price | 4 | 3 | 2,057 | $672 | - |
A 414 Ne Linda Rosa Ave 416 Sold | $1,400,000 | 4 | 3 | 2,139 | $655 | 0.2 mi |
B 48 50 S Parkwood Avenue Sold | $1,600,000 | 0 | 0 | 2,750 | $582 | 0.4 mi |
C 79 N Berkeley Active | $1,345,000 List Price | 4 | 2 | 2,200 | $611 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property consists of a brand-new rear unit built in 2025 and a front unit that has been completely renovated with high-end modern finishes. The interiors feature designer bathrooms with freestanding tubs and vessel sinks, updated kitchens with new cabinetry and stainless appliances, and modern flooring throughout, placing the entire lot in mint, move-in-ready condition.
The property features two fully detached units with a projected 6.1% cap rate and vacant status, allowing an investor to immediately secure market-rate tenants at a combined $7,800 per month.
The rear unit is a 2025 build, offering modern systems and a 2-bed/2-bath layout that commands premium rent and reduces immediate maintenance concerns for the largest portion of the square footage.
Situated on an oversized 8,737 sq ft lot, the property offers significant value-add potential for an ADU or a 4-car garage, providing a rare opportunity to further increase density and equity.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8747, other record lot size in square feet = 7485. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2057, other record living area = 1486.
The 1913 vintage of the front unit contrasted with the 2025 rear unit creates inconsistent maintenance requirements and potential underlying infrastructure needs for the century-old structure.
A recent price reduction from the original list price indicates that the initial valuation may have exceeded local market thresholds, requiring a more strategic approach to financing and appraisal.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 57% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,057 | 2,139 | 43% |
| Lot Size | 8,747 | 7,541 | 86% |
| Price | $1.50M | $1.50M | 50% |
| Price per sq ft | $729 | $655 | 71% |
| Built year | 1913 | 1953 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 101 | 14% |
Apr 3, 2026
$1,499,888
$1,549,888
-3% Price Drop
Initial Listing
Mar 11, 2026
$1,549,888
Initial Listing
Nov 30, 1995
$149,000
Public Record