Oakland 5
Oakland 5 is a five-unit multifamily property located just blocks from Old Town Pasadena, within easy walking distance to shops, dining, and transit. Originally a three-unit building, the property was successfully repositioned in 2022 through the addition of two new ADUs, bringing the total living area to 3,497 square feet. This strategic upgrade increased the annual gross rental income 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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