485 E Washington Boulevard
Pasadena, CA 91104
13859 sqft | 25 beds | 0.88 acres | #24456721
Description
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.
Interior Details
- Bedrooms25
Property Details
- Stories1
Measurements
- Acres0.8781
- Square Feet13859
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1948
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$5,195,000
Other
- MLS #24456721
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alexander Metaxas (#CLW-C106183)
Listing Office: Realty Investment Advisors, Inc. (#CLW-X82128)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
