Active
485 E Washington Blvd
Pasadena CA, 91104
$5,195,000
$374.85 per sqft
Active
25 Beds
24 Baths
13,859 sqft
Multi-family
Built in 1948
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.
24-456721
MLSⓇ ID
October 24, 2024
Listed
November 1, 2024
Updated
Map
485 E Washington Blvd
Pasadena CA, 91104
Interior Features
Total Stories
1
Bedrooms
25
Total Bathrooms
24
Appliances
Range/Oven
Laundry Description
Laundry Area
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s), Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.88 Acres
Other Property Details
Area Name
Pasadena NE
Days on Market
8
Garage
No
Parking
Carport, Uncovered
Parking Total
20
View
No
County
Los Angeles
Pool
No
Zoning
PSR3
Listed by Alexander Metaxas with Realty Investment Advisors, Inc.
Listing Contact: 626-313-4901
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Peter Mac shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/1/2024
