67 N Oak, Pasadena, California 91107, Pasadena, 91107 - 0 bed, 0 bath
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Pasadena, California 91107
This High-Potential Investment Opportunity is listed at $1,199,800, positioned slightly above the $1,152,750 Fair Market Value. While the property carries a Condition Rating of 5, its RM-16 Zoning and expansive 9,007 sq. ft. lot provide significant development upside for up to three units. Featuring two separately metered homes, this asset offers immediate rental income stability in a prime Pasadena location near Caltech and the Metro. This is an ideal acquisition for Buy-and-Hold Investors or Real Estate Developers seeking to maximize density in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 67 N Oak Subject | $1,199,800* List Price | 0 | 0 | 2,400 | $502 | - |
A 70 S Parkwood Active | $1,275,000 List Price | 0 | 0 | 2,320 | $550 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 with no mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). The listing explicitly markets the property for its RM-16 development potential to build condos, suggesting the current structures are significantly aged and the primary value lies in the land and redevelopment.
The expansive 9,007 sq. ft. lot zoned RM-16 offers significant upside, providing the opportunity to develop up to three units or ADUs to maximize the property's value.
Ideally situated near Caltech, Pasadena City College, and the Metro line, the property is positioned in a high-demand area for both students and professionals.
Featuring two separate homes with individual meters for gas and electricity, the property offers immediate income stability and simplified utility management for the owner.
Built in 1922, the property may require substantial capital investment to modernize century-old systems, including plumbing, electrical, and structural components.
The presence of long-term tenants often indicates that current rental rates may be below market value, potentially limiting immediate cash flow upside for new investors.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,400 | 2,217 |
| Lot Size | 9,007 | 8,545 |
| Price | $1.20M | $1.20M |
| Price per sq ft | $500 | $647 |
| Built year | 1922 | 1947 |
| HOA | $0 | $0 |
| Days on market | 68 | 81 |
May 15, 2026
$1,199,800
Initial Listing
Apr 6, 2018
$861,000
Public Record
Dec 5, 2006
$775,000
Public Record