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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