485 E Washington Boulevard, Pasadena CA, 91104

Active

485 E Washington Boulevard

Pasadena CA, 91104

$5,195,000

$374.85 per sqft

Active

25 Beds

24 Baths

13,859 sqft

Residential

Built in 1948

Listed by Alexander Metaxas with Realty Investment Advisors, Inc. 626-313-4901

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.

24456721

MLSⓇ ID

October 24, 2024

Listed

November 2, 2024

Updated

Map

485 E Washington Boulevard
Pasadena CA, 91104

Interior Features

Total Stories: 1
Bedrooms: 25
Total Bathrooms: 24
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.88 Acres

Other Property Details

Area Name: 646 - Pasadena (NE)
Days on Market: 8
Garage: No
Parking: Carport, Uncovered
Parking Total: 20
View: No
County: Los Angeles
Pool: No
Zoning: PSR3

Listing Contact:

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/2/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/2/2024 at 11:13 AM UTC