485 E Washington Blvd new

Pasadena,CA 91104

$ 5195000

25 Beds

24 Baths

13859 SqFt


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

View More
Favorite Go Tour