Attention Investors, Future Pasadena Buyers, and 1031 Exchange Clients!
The Tax Assessor shows this as a 3-unit property; however, upon inspection, you’ll find it actually functions as a 4-unit property!
Located in one of Pasadena’s most desirable and centrally located neighborhoods, this property consists of three 1-bedroom/1-bath units and one large vacant studio (approximately 1,000 sq. ft.). Separate 2 car garage and basement. Room to put laundry room in the basement. Check with the City. Current rents for the one-bedroom units are $1,471, $1,568, and $1,409.
This is an excellent opportunity to restore charming Craftsman-style units, capitalize on strong rental demand, and explore the potential to add ADUs—buyer to verify with the City of Pasadena.
Homes of this size are a rare find among Brea homes for sale and this one truly stands out.
Welcome to 942 Oleander Street, a spacious two story home in Brea offering exceptional flexibility, comfort, and long term value on a quiet residential street in the heart of North Orange County real estate.
Offering approximately 2,527 square feet, this residence features 5 bedrooms and 4 bathrooms: 1 bonus room and 4 full bedrooms each with their own bathrooms, making it one of the largest homes in the neighborhood. The versatile floor plan includes an oversized room that adapts easily to today’s evolving lifestyle needs. A cozy fireplace anchors the main living space, while attic storage adds valuable functionality rarely found in homes of this size.
The large kitchen provides excellent flow and presents an exciting opportunity to create a more open and connected living environment, ideal for both everyday living and entertaining. Set on a 7,416 sq ft corner lot, this large lot home in Brea features a generous backyard with mature avocado, tangerine, and orange trees, along with a gated side yard offering space for RV parking.
Additional highlights include a solar system with energy credits, enhancing efficiency and reducing monthly expenses. The home is located within the highly regarded Brea-Olinda Unified School District, recognized accredited California schools, 2 blocks from Aero Vista Elementary. Just bocks away from modern downtown Brea, groceries, shopping, restaurants, movie theaters, comedy club, and coming soon bowling alley. Brea is where big brands have their offices like Aerospace Engineering Corporation, Albertsons, Nationwide Insurance, Bank of America and Beckman Coulter. Also, there are no after hours bars in the whole city of Brea, and easy access to freeway 57 and 91, that takes you anywhere you like whether it is Los Angeles or Riverside.
This is a rare opportunity to own a well located, two story home in Brea that delivers space, versatility, and long term value in one of North Orange County’s most desirable communities.
Don’t wait call listing agents for details and showings today.
Listing Courtesy of CRMLS / Coldwell Banker Hallmark Realty / Eva Lee
$889,000 (USD)
Pasadena Area Single Family Home
Active
408 E Del Mar Boulevard Pasadena, CA 91101
2 Bed
1 Baths
1162 sqft
MLS# GD25264484
House with a detached garage in Prime Pasadena location.
Ideal for:
1031 Exchange
Please note: Tax records indicate 1 bedroom, however, the home has 2 bedrooms. Buyer to verify with the City. Room to add second bathroom.
This rare offering is a must-see for first time buyers, 1031 exchange buyers seeking a long-term asset in one of Pasadena’s most desirable neighborhoods.
408 E Del Mar Lot Size: 2,573 SF. Features inlcude central air and heat, hardwood floors, recessed lighting, large kitchen, living dinging room, washer dryer inside the home and separate garage.
Enjoy immediate access to Pasadena’s vibrant lifestyle offerings — just minutes to the dining, shopping, and entertainment of Old Town Pasadena, The Paseo, and the Playhouse District. Also within close reach are top cultural and educational landmarks including the Norton Simon Museum, Pasadena City College, and Caltech.
Outdoor enthusiasts will appreciate proximity to Central Park, Arroyo Seco, and nearby hiking, cycling, and golf options. The property offers excellent connectivity via Metro Gold Line, major thoroughfares, and is just a short commute to Downtown Los Angeles.
The Tax Assessor shows this as a 3-unit property; however, upon inspection, you’ll find it actually functions as a 4-unit property!
Located in one of Pasadena’s most desirable and centrally located neighborhoods, this property consists of three 1-bedroom/1-bath units and one large vacant studio (approximately 1,000 sq. ft.). Separate 2 car garage and basement. Room to put laundry room in the basement. Check with the City. Current rents for the one-bedroom units are $1,471, $1,568, and $1,409.
This is an excellent opportunity to restore charming Craftsman-style units, capitalize on strong rental demand, and explore the potential to add ADUs—buyer to verify with the City of Pasadena.
Don’t miss out—submit your best offer!