485 E Washington BLVD new Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91104
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