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1416 Oak Street, South Pasadena, California 91030, South Pasadena, 91030 - bed, bath

1416 Oak Street, South Pasadena, California 91030 home-pic-0
ACTIVE$1,395,000
1416 Oak Street, South Pasadena, California 91030
0Bed
0Bath
2,712Sqft
8,754Lot
Year Built
1895
Close
-
List price
$1.4M
Original List price
$1.59M
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
P1-23583
Home ConditionFair
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(25th), sqft - 2712(75th), beds - undefined(50th), baths - undefined(50th).

A rare opportunity to own a well-maintained triplex in the heart of South Pasadena. This 2,712 square foot property is sited on an 8,574 square foot lot and features three distinct units:1416 - Studio unit1418 - Spacious 2-bedroom residence1418 1/2 - 1-bedroom unit with charming detailsEach unit offers comfortable living and excellent natural light. The property includes a separate two-car garage with a shared laundry facility, plus additional off-street parking. The grounds are nicely manicured, providing an inviting setting for tenants and guests alike.Located just moments from South Fair Oaks Avenue and Mission Street, residents enjoy easy access to local shopping, dining, and amenities--including the Metro Gold Line station and the popular South Pasadena Farmer's Market.If you're looking for an investment opportunity this triplex offers both flexibility and charm in one of the most sought-after communities in the San Gabriel Valley.

Price History

Date
Event
Price
10/09/25
Price Change
$1,395,000-6.7%
09/06/25
Price Change
$1,495,000-6.3%
08/05/25
Listing
$1,595,000
Condition Rating
Fair
The property was built in 1895, making it very old. While described as 'well-maintained' and having 'charming details,' the interior images reveal kitchens with basic white cabinets, laminate countertops, and older white appliances that appear to have been updated 15-30 years ago. Flooring is a mix of older hardwood and laminate. Heating is provided by wall-mounted units, and there's no apparent central HVAC. The property is functional and livable, but its systems and aesthetics are largely outdated, requiring minor updates to meet contemporary standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location: Situated in the highly sought-after heart of South Pasadena, offering residents easy access to local shopping, dining, amenities, the Metro Gold Line station, and the popular Farmer's Market.
Income-Generating Triplex: A rare investment opportunity featuring three distinct units (Studio, 1-bedroom, 2-bedroom), providing diversified rental income and flexibility for investors.
Well-Maintained & Charming: Described as a 'well-maintained' property with 'nicely manicured grounds' and built in 1895, suggesting historic character and good curb appeal.
Ample Parking & Amenities: Includes a separate two-car garage, additional off-street parking, and a shared laundry facility, which are valuable conveniences for tenants in an urban environment.
Flexible Unit Mix: The variety of unit sizes (Studio, 1-bedroom, 2-bedroom) caters to a broader tenant demographic, enhancing occupancy potential and rental income stability.

Cons

Advanced Age of Property: Built in 1895, the property's age suggests potential for significant capital expenditures on older systems (e.g., plumbing, electrical, roof, foundation) in the near future.
Multiple Price Reductions: The property has undergone several price drops from its original listing, which could indicate initial overpricing, a lack of market interest, or perceived issues by potential buyers.
Shared Laundry Facility: While an amenity, the shared nature of the laundry facility might be less appealing to some tenants compared to in-unit options, potentially impacting tenant satisfaction or rent premium.

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