1711-1713 Oxley St

Discover the allure of South Pasadena, where small-town charm meets big-city convenience. The location is within walking distance to the historic Mission West District, offering an array of unique dining, shopping, and entertainment options. The area boasts excellent transportation connections, with easy access to major freeways and public transit, making it an ideal destination for businesses and employees alike. With a thriving community and a picturesque setting, the location presents an exceptional opportunity for office investors seeking a prime location with a vibrant local scene.SoCal Commercial Group is proud to bring to market a beautiful 8 unit apartment complex consisting of 2 properties situated in the heart of South Pasadena. It is a rare opportunity to acquire such properties in this renown area due to high demand yet very low availability making this an ideal asset for any investor. This well maintained asset consists of 8 - units with a diverse mix consisting of two spacious 2 bd 2 ba’s, three 2 bd 1 ba's, one 2 bd 1 ba + patio and two 1 bd 1 ba built in 1958 and 1967. Together, these properties are approximately 7,224 square feet with an average unit size of 903 square feet and a generous lot size just under 13,000 sf. The property features a laundry facility, assigned covered parking spaces, and each unit is separately metered for gas and electricity. This is the first time the properties are being brought to market together as well as the first time on the market in over 15 years, and with all tenants being there long terms it presents a potential Value-add opportunity with substantial increases in rent. South Pasadena is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. The property's ideal location brings lots of attention due to its walkability to local attractions such as restaurants, banks, Von’s grocery store as well as the many shops along Fair Oaks Ave. For families looking in the local area this property shall be given special attention due to South Pasadena Senior High School and South Pasadena Middle School being within a 5 minute walk from the door. The area boasts exceptional demographics, with an average household income exceeding $140,000 and a median home value over $1 million within a 1-mile radius.