CA > Pasadena
Pasadena, CA 91104,485 E Washington Blvd
Pasadena, CA 91104,485 E Washington Blvd
Pasadena, CA 91104,485 E Washington Blvd
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$4,998,000
Est. payment /mo
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25 BD
24 BA
13,859 SqFt
Active

485 E Washington Blvd Pasadena, CA 91104

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Pamela Meuse

Pamela Meuse

+1(760) 567-3766

UPDATED:

01/28/2025 12:46 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,859 sqft

Price per Sqft $360

MLS Listing ID 24-456721

Bedrooms 25

Year Built 1948

Lot Size 0.878 Acres

Acres 0.8781

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 Pasadena Ne

Zoning PSR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s), Wall/Window

Equipment Range/Oven

Laundry Laundry Area

Exterior

Parking Features Carport, Uncovered

Garage Spaces 20.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Realty Investment Advisors, Inc.

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Pamela Meuse

Broker Associate | License ID: 1716430

+1(760) 567-3766

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485 E Washington Blvd