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1600 Fair Oaks, South Pasadena, California 91030, South Pasadena, 91030 - bed, bath

1600 Fair Oaks, South Pasadena, California 91030 home-pic-0
ACTIVE UNDER CONTRACT$2,299,999
1600 Fair Oaks, South Pasadena, California 91030
0Bed
0Bath
3,428Sqft
12,196.8Lot
Year Built
1924
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
PW25267047
Home ConditionFair
Features
Good View:
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $2.30M(75th), sqft - 3428(75th), beds - undefined(50th), baths - undefined(50th).

Prime investment opportunity in highly desirable South Pasadena! This well-maintained 4-unit multi-family property offers an ideal mix of unit types. The building features 3 spacious 1 bedroom / 1 bath units plus a larger 2-bedroom / 1 bath unit perfect for strong rental demand in this sought-after area. Appreciate the convenience of a 4-car garage along with additional parking in the long driveway. Located within walking distance to schools, local shops, restaurants and other neighborhood amenities. This property delivers unmatched location appeal. Don't miss your chance to own in one of the most coveted communities in the San Gabriel Valley!

Price History

Date
Event
Price
11/26/25
Listing
$2,299,999
Condition Rating
Fair
The property was built in 1924, making it nearly 100 years old. While the listing describes it as 'well-maintained' and the exterior images show a tidy appearance, the lack of interior photos, particularly of kitchens and bathrooms, strongly suggests these areas are likely original or have undergone renovations 15-30+ years ago. The property analysis explicitly notes the 'Age of Property' as a weakness, implying potential future capital expenditures on older systems (plumbing, electrical, HVAC). This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated and would require minor to moderate updates to meet current standards and appeal.
Pros & Cons

Pros

Prime Investment Opportunity: This well-maintained 4-unit multi-family property is explicitly positioned as a prime investment opportunity in a highly desirable area.
Highly Desirable Location: Located in South Pasadena, described as a 'coveted community in the San Gabriel Valley' with 'unmatched location appeal'.
Strong Rental Demand: The unit mix (3x 1BR/1BA, 1x 2BR/1BA) is noted as 'perfect for strong rental demand in this sought-after area'.
Excellent Parking Facilities: The property offers a convenient 4-car garage along with additional parking in a long driveway, a significant advantage for a multi-unit property.
Walkability & Amenities: Situated within walking distance to schools, local shops, restaurants, and other neighborhood amenities, enhancing tenant appeal.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12196, other record lot size in square feet = 11985.
Age of Property: Built in 1924, the property's age, despite being well-maintained, may imply potential for future capital expenditures on older systems (e.g., plumbing, electrical, HVAC).
Potential Rent Control Impact: As a multi-family property in California, it may be subject to local rent control ordinances, which could limit future rental income growth and investment returns.
Lack of Detailed Financials: The listing description does not provide crucial financial details such as current rental income, occupancy rates, or operating expenses, which are essential for investor due diligence.

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