Pasadena, CA 91104,485 E Washington Blvd
Pasadena, CA 91104,485 E Washington Blvd
Pasadena, CA 91104,485 E Washington Blvd
13
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$5,195,000
Est. payment /mo
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25 BD
24 BA
13,859 SqFt
New

485 E Washington Blvd Pasadena, CA 91104

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UPDATED:

10/25/2024 10:57 PM

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

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 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

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Realty Investment Advisors, Inc.

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Chance Vanek

Agent | RE.S.0066702

+1(702) 305-3777

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485 E Washington Blvd