About 485 Washington Boulevard
***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.
Features of 485 Washington Boulevard
| MLS® # | 24456721 |
|---|---|
| Price | $4,850,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 13,859 |
| Acres | 0.88 |
| Year Built | 1948 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 485 Washington Boulevard |
|---|---|
| Area | 646 - Pasadena (NE) |
| City | Pasadena |
| County | Los Angeles |
| Zip Code | 91104 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Carport, Uncovered |
| Garages | Carport, Uncovered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | October 24th, 2024 |
|---|---|
| Days on Market | 337 |
| Zoning | PSR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Alexander Metaxas |
|---|---|
| Office | Realty Investment Advisors, Inc. |