$ 5,195,000
485 E Washington BLVD Pasadena, CA 91104
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$ 5,195,000
Est. payment /mo
New
485 E Washington BLVD Pasadena, CA 91104
25 Beds
24 Baths
13,859 SqFt
UPDATED:
10/25/2024 11:05 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,859 sqft
Price per Sqft $374
MLS Listing ID 24456721
Bedrooms 25
HOA Y/N No
Year Built 1948
Lot Size 0.878 Acres
Acres 0.8781
Property Description
5% Cap Current Rents with this multifamily investment opportunity with significant UPSIDE! With a large lot of about 38,240 square feet there is great potential for ADU possibilities. With mostly ideal single-story floor plans offering a unit mix of One 3Bed+2bath, Three 2Bed+2bath and 16 spacious 1Bed+1bath units. Each unit is equipped with wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and expansive kitchens with gas oven/stove combinations. The property is well-maintained, showcasing an open grass courtyard, mature landscaping, an on-site laundry facility, and ample off-street parking, including carport options. This bread and butter apartment property is a money maker and secure long-term investment play and excellent 1031 exchange opportunity.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Zoning PSR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Carport, Uncovered
Parking Type Carport, Uncovered
Total Parking Spaces 20
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5838040010
Special Listing Condition Standard
Listed by Alexander Metaxas • Realty Investment Advisors, Inc.