485 E Washington Blvd Active 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 $349
MLS Listing ID 24-456721
Bedrooms 25
Year Built 1948
Lot Size 0.878 Acres
Acres 0.8781
Property Sub-Type Multi-Family
Property Description
***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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, an on-site laundry facility that yields a steady flow of income with open and carport parking.
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
Parking Features Carport, Uncovered
Garage Spaces 20.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard