15
See all 15 photos
$4,850,000
Est. payment /mo
25 Beds
24 Baths
13,859 SqFt
Price Dropped by $140K
485 E Washington BLVD Pasadena, CA 91104
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,859 sqft
Price per Sqft $349
MLS Listing ID 24456721
Bedrooms 25
HOA Y/N No
Year Built 1948
Lot Size 0.878 Acres
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 646 - Pasadena (Ne)
Zoning PSR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features 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
Listed by Alexander Metaxas Realty Investment Advisors, Inc.
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