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

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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 4,850,000

Est. payment | -/mo

25 Beds

24 Baths

13,859 SqFt

Save

$ 4,850,000

Est. payment | -/mo

Save

25 Beds

24 Baths

13,859 SqFt

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.

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

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

485 E Washington BLVD Pasadena, CA 91104