485 E Washington Boulevard

Pasadena, CA 91104

  • 25 Bed(s)
  • 0 Bath(s)
  • 13,859 Sqft
  • 38252
    Sqft(Lot)
$4,998,000

Description

Over 6% cap rate and 10.93 grm on current rents! great investment offering at under $250k per unit on almost 1 acre of land. a buyer could be looking at over a 6% cash on cash return with this property even with today's interest rates. cash cow opportunity in super strong rental location with bulletproof buildings on a large lot with big upside! possibilities for adu and great rent growth make this one of the best opportunities in pasadena right now. with mostly 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, an on-site laundry facility that yields a steady flow of income with open and carport parking.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47441217

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Property Details

  • Bedroom Information

    • Total Bedrooms : 25

    Bathroom Information

    • Total Baths: 24
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1948
    • Building Area Total: 13,859

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8781
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 38252

  • Listing Price Information

    • Original List Price: 4,998,000
    • Listing Contract Date: 2024-10-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5838040010

  • Garage and Parking

    • Garage Description: Carport,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 646 - Pasadena (NE)
    • Directions: North on Los Robles Ave, East on Washington Blvd
    • Zoning: PSR3
    • Source Property Type: Residential Income
    • Area: 646 - Pasadena (NE)

    Building and Construction

    • Property Age: 76
    • Year Built Source: Assessor
    • Total Square Feet Living: 13859
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 12/18/2024 @ 08:23

  • MLS: 24456721
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 25 bedrooms which is for sale, it has 13,859 sqft, 38,252 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91104, this Los Angeles County Home are nearby neighborhoods.