889 N Oakland, Pasadena, California 91104, Pasadena, 91104 - 0 bed, 4 bath
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Pasadena, California 91104
This Residential Income Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,049,000—positioned well below the $1,065,210 Fair Market Value by 1.5%. This valuation gap offers $16,210 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside through modernization of its four studio units. The 8,710 sqft lot provides substantial development potential for ADU additions. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand in Pasadena.
Property is moderate renovation needed.
Built in 1948, this property shows signs of cosmetic maintenance such as newer laminate flooring and fresh paint. However, it remains dated with older wall-mounted AC units and basic studio layouts. While functional and move-in ready, the age of the structure and lack of evidence regarding major system overhauls (HVAC/Electric) place it in the fair category, requiring future modernization.
Situated in a highly desirable Pasadena neighborhood near shopping, dining, and transportation, ensuring consistent rental demand and long-term appreciation.
The generous 8,710 sqft lot provides significant space for potential ADU additions or enhanced outdoor amenities to maximize the property's income potential.
The current occupancy configuration offers a rare opportunity for investors to renovate units or transition to market-rate rents shortly after acquisition.
The property consists exclusively of studio units, which typically experience higher turnover rates and appeal to a narrower tenant demographic than multi-bedroom units.
Built in 1948, the property may require significant capital expenditures for system upgrades and modernization to meet current building standards and tenant expectations.
Exceptional opportunity to acquire a charming four-plex well located in Pasadena. All four units are studio units. The property offers flexibility due to the current occupancy configuration. The property is conveniently located near shopping, dining, transportation, and other local amenities. Please do not disturb occupants. All information deemed reliable but not guaranteed. Buyer to verify all information through their own independent investigations and due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 40% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,082 | 2,082 | 50% |
| Lot Size | 8,710 | 8,710 | 50% |
| Price | $1.05M | $1.30M | 40% |
| Price per sq ft | $504 | $662 | 20% |
| Built year | 1948 | 1930 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 76 | 20% |
Jun 4, 2026
$1,049,000
Initial Listing