$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 #24456721
Listed
$5,195,000
-8.78%
05/17/2024
CRMLS #CV24052236
Removed
$5,695,000
03/14/2024
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
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