Oakland 5
Oakland 5 is a 5-unit building situated within a few blocks and walking distance to Old Town Pasadena. The property was repositioned in 2022 from a 3-unit property to a 5-unit property by adding 2 more ADU’s totaling 3,497 square feet - increasing the annual gross rent by 130%.
Number of Units
Number of Bed/Baths
Square Footage
Status
Pre-Development Gross Rent
Post-Development Gross Rent
Total Project Soft and Hard Cost
$420,000
$144,000
Sold
$62,400
3,497
5
7/7
Realized IRR Return (2 Yr)
41%
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