tomo logo

$1,769,000

Beds
Unknown
sq ft
4,600

300 W Washington Blvd, Pasadena, CA 91103

300 W Washington Blvd

Pasadena, CA

  • 61 days on market
This 5-unit, single-story apartment complex in Pasadena features two-bedroom, one-bathroom units, offering a total interior space of 4,600 square feet on an 11,116 square foot lot. Fully occupied on month-to-month leases, the property has special PSR1 zoning, allowing for institutional use. Current rents yield a 4% cap rate, with potential for a 6.7% market cap rate. The front unit includes a two-car garage, while the remaining units have attached covered carports. Each unit is equipped with separate electricity and gas meters. The property also benefits from its prime location near the Rose Bowl, Old Town Pasadena, freeways, public transportation, and schools. Drive-by only--please do not disturb tenants or enter the property.

Details

Property type

Mixed Use

Est. home value

$1,764,397

Lot size

0.2553 acres

Price per sq ft

$385

Year built

1961

Price History

09/05/2024
CRMLS

CRMLS #P1-19141

Listed
$1,769,000
06/28/2024
CRMLS

CRMLS #WS24105368

Removed
$1,769,000
05/24/2024
CRMLS

CRMLS #WS24105368

Listed
$1,769,000
-1.6%

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$648,664
Asking price
$1,769,000
Closing costs (~8% of asking)
-$141,520
Est. remaining loan balance
-$978,816
Cash to seller
$648,664

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Vista Point Mortgage Llc

Loan start date

October 2021

Original loan amount

$1,050,000

Est. remaining balance

$978,816

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Vladimir Kytlica

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 2:35 AM

Listing updated: 10/06/2024 at 7:51 PM

Listed by: Ramiro Rivas, The Agency Phone #: (626) 803-2000

MLS: CRMLS #P1-19141

CRMLS logo

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