Homes for sale - 485 E Washington BLVD, Pasadena, CA 91104

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Sally Baik

sally@sallybaikrealestate.com +1(818) 572-3417

$ 4,998,000

Est. payment | -/mo

25 Beds

24 Baths

13,859 SqFt

Save

$ 4,998,000

Est. payment | -/mo

Save

25 Beds

24 Baths

13,859 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,859 sqft

Price per Sqft $360

MLS Listing ID 24456721

Bedrooms 25

HOA Y/N No

Year Built 1948

Lot Size 0.878 Acres

Property 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.

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.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 572-3417

sally@sallybaikrealestate.com

232 W Olive Ave #20, la Habra, California, 90631, USA

485 E Washington BLVD Pasadena, CA 91104