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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.

Features
: Wall Furnace
: Wall/window Unit(s)
1
0
Additional Information
Realty Investment Advisors, Inc.
0
CLW-C106183
CLW-X82128
Alexander
5838040010
: Standard
One
32

Multi-Family For Sale

485 Washington Boulevard, Pasadena, California 91104

13,859 Sqft
$4,998,000
Listing ID #24456721
Basic Details
Status : Active
DaysOnMarket : 92
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24456721
Price : $4,998,000
Living Area : 13,859 Sqft
Lot Size : 38,252 Sqft
Year Built : 1948
Country : US
State : California
County : Los Angeles
City : Pasadena
Zipcode : 91104
Price Per Square Foot : $361
ModificationTimestamp : 2025-01-28 06:02:16
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