261 N Oak
Pasadena, CA, 91107
$1,499,888
MLS: DW26053309
Beds
4
Baths
3
Sq Ft
2,057
Lot
0.20 ac
Year Built
1913
MLS #
DW26053309
Days on Market
40
Listed
Mar 11, 2026
Description
Investor opportunity! Two fully detached homes on one 8,737 sq ft lot in prime Pasadena. Front unit: 2 bed / 1 bath, approx. 765 sq ft; rear unit: 2 bed / 2 bath, approx. 1,292 sq ft (built in 2025). Both units are vacant with projected market rents of $3,500 and $4,300, offering a 6.1% cap rate. Each home features indoor laundry, private outdoor space, and bright, functional layouts. The long private driveway provides ample parking. Large backyard includes mature citrus trees, low maintenance drought tolerant grounds, gazebo, and above-ground spa. Oversized lot offers potential for ADU or 4-car garage (buyer to verify). Perfect for investors seeking rental income or house hackers looking to live in one unit while renting the other. Close to shopping, dining, parks, and transit in one of Pasadena’s most desirable neighborhoods.
Location
Pasadena, Los Angeles County, CA 91107
Open on Google Maps ↗Listed by: Nicholas Mauro · Realty Executives Com. & Res.
Payment estimate
$10,719
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $149,989 · Loan: $1,349,899
- Principal & Interest
- $8,294
- Property tax (1.25%)
- $1,562
- Homeowners insurance
- $300
- Mortgage insurance
- $562
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Pasadena home with as little as 3.5% down using an FHA loan — roughly $52,496 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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