485 E Washington Blvd new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91104
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,859 sqft
Price per Sqft $374
MLS Listing ID 24-456721
Bedrooms 25
Year Built 1948
Lot Size 0.878 Acres
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 Pasadena Ne
Zoning PSR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s), Wall/Window
Equipment Range/Oven
Laundry Laundry Area
Exterior
Garage Carport, Uncovered
Garage Spaces 20.0
Building
Story 1
Others
Special Listing Condition Standard