300 West Washington Boulevard

Pasadena, CA 91103

$1,765,000
Price
Beds
4,600 Sq. Ft.
$384 / Sq. Ft.
4,600
Sq. Ft.
$384
per Sq. Ft.

Description

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...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.
  1. Listed by Ramiro Rivas • DRE #01406511 • The Agency
  2. Listed by Erica Rivas • DRE #01788685 • The Agency

Property Details for 300 West Washington Boulevard

Subdivision Name
Not Applicable
Garage Spaces
2.00
Covered Spaces
6.00
View
None
LISTING UPDATED: 11/25/2024 10:37 AM

Property Details for 300 West Washington Boulevard

StatusActive
MLS #P1-19141
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees$1,744 / month
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1961
Lot Size0.26 AC / 11,119 SF
CountyLos Angeles County

Building Information for 300 West Washington Boulevard

Stories-Residences-Year Built1961Lot Size0.26 AC / 11,119 SF

Property Information for 300 West Washington Boulevard

Summary
Location and General Information
  • Building Area Total: 4,600.00
  • Community Features: Sidewalks, Street Lights
  • City: Pasadena
  • Directions: West of Fair Oaks and East of Lincoln.
  • Area: 645 - Pasadena NW
  • Postal Code Plus4: 2572
  • Unparsed Address: 300 West Washington Boulevard, Pasadena, CA 91103
Parking
  • Parking Features: Garage, Assigned, Carport
Taxes and HOA Information
  • Association Fee: $.00
  • New Taxes Expense: $20,110.00
  • Tax Other Annual Assessment Amount: $467.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers
  • Lot Size Acres: .26
  • Lot Size Square Feet: 11,119.00
  • Lot Size Area: 11,119.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5728013044
  • Property Type: Residential Income
  • Property Sub Type: Commercial/Residential
Property and Assessments
  • Common Walls: No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Assessor
  • Senior Community: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes
  • Sewer: Public Sewer
  • Water Sewer Expense: $5,028.00
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Pool Private: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: Gas Range, Refrigerator
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: None
  • Living Area: 4,600.00
  • View: No
  • Levels: One
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $107,688.00
  • Net Operating Income: $70,449.00
  • Insurance Expense: $3,540.00
  • Maintenance Expense: $1,744.00
  • Number Of Buildings: 3
  • Number Of Units Leased: 5
  • Operating Expense: $37,239.00
  • Pest Control Expense: $300.00
  • Special Listing Conditions: Standard
  • Trash Expense: $5,317.00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 300 West Washington Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 300 West Washington Boulevard

Taxable ValueLand$1,248,480Additions$468,180Total$1,716,660
Tax Record2024$20,280 ($1,690 / month)
Home Facts
Total Finished SqFt4,600 SqFtAbove Grade Finished SqFt4,600 SqFtLot Size11,116 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningPSR1CountyLOS ANGELESAPN5728-013-044

Schools near 300 West Washington Boulevard

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Cleveland Elementary School
PublicK to 5

Octavia E. Butler Magnet School
Public6 to 8

John Muir High School
Public9 to 12

Odyssey Charter School - South
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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300 West Washington Boulevard is a mixed use property for sale in Pasadena, CA 91103. This property was listed for sale on September 5, 2024 by The Agency, it's currently listed at $1,765,000. It has been on the market for a total of 88 days and was last sold on October 6, 2021. This listing's school district is Pasadena Unified School District. Nearby schools include Cleveland Elementary School, Octavia E. Butler Magnet School and John Muir High School. 300 West Washington Boulevard is a 0-bed, 0-bath, 4,600 sqft mixed use property built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency, Ramiro Rivas, DRE #01406511; The Agency, Erica Rivas, DRE #01788685

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.