tomo logo

$5,195,000

Beds
25
sq ft
13,859

485 E Washington Blvd, Pasadena, CA 91104

485 E Washington Blvd

Pasadena, CA 91104

  • 29 days on market
5% Cap Current Rents with this multifamily investment opportunity with significant UPSIDE! With a large lot of about 38,240 square feet there is great potential for ADU possibilities. With mostly ideal 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, mature landscaping, an on-site laundry facility, and ample off-street parking, including carport options. This bread and butter apartment property is a money maker and secure long-term investment play and excellent 1031 exchange opportunity.

Details

Property type

Lot size

0.8781 acres

Price per sq ft

$375

Year built

1948

HOA

No

Price History

10/24/2024
CLAW

CLAW #24456721

Listed
$5,195,000
-8.78%
05/17/2024
CRMLS

CRMLS #CV24052236

Removed
$5,695,000
03/14/2024
CRMLS

CRMLS #CV24052236

Listed
$5,695,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/22/2024 at 4:05 PM

Listing updated: 11/01/2024 at 8:20 AM

Listed by: Alexander Metaxas, Realty Investment Advisors, Inc.

MLS: CLAW #24456721

CLAW logo

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