Keegan Cin | Realtor® | License # DRE 01971604

Property

Pasadena, CA 91104 485 E Washington Boulevard

485 E Washington Boulevard Pasadena, CA - Image 1485 E Washington Boulevard Pasadena, CA - Image 2485 E Washington Boulevard Pasadena, CA - Image 3
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485 E Washington Boulevard Pasadena, CA - Image 4485 E Washington Boulevard Pasadena, CA - Image 5485 E Washington Boulevard Pasadena, CA - Image 6485 E Washington Boulevard Pasadena, CA - Image 7485 E Washington Boulevard Pasadena, CA - Image 8485 E Washington Boulevard Pasadena, CA - Image 9485 E Washington Boulevard Pasadena, CA - Image 10485 E Washington Boulevard Pasadena, CA - Image 11485 E Washington Boulevard Pasadena, CA - Image 12
Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;
  • MLS# 24456721
  • 10/24/2024
  • Request Tour
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  • Beds • 25
  • Baths • 24
  • SQFT • 13,859
  • Year Built • 1948

Home Details

OVER 6% CAP RATE 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+1bath 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.
Presented By: Alexander Metaxas with Realty Investment Advisors, Inc.;

Interior Features for 485 E Washington Boulevard

Bedrooms

Total Bedrooms25

Bathrooms

Half Baths0
Total Baths24
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
LivingAreaSourceAssessor
Total Stories1

General for 485 E Washington Boulevard

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.12
Carport Y/NYes
CityPasadena
CoolingWallWindowUnits
CountyLos Angeles
DirectionsNorth on Los Robles Ave, East on Washington Blvd
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income460451.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet38252.0
Lot Size UnitsSquareFeet
MLS Area646 - Pasadena (NE)
MobileHomeRemainsYNNo
Net Operating Income305484.0
New ConstructionNo
Number Of Units Total20
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Year Built1948
Year Built SourceAssessor
ZoningPSR3

Exterior for 485 E Washington Boulevard

Building Area Total13859.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.8781
Lot Size Area38252.0
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesCarport, Uncovered
Private PoolNo
SpaNo
Total Parking20.0
WaterfrontY/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $4,990,000
MLS#24456721
List Date 10/24/2024
Property Type Multi-Family
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