485 East Washington Boulevard
$4,998,000
25
24
13,859
13,859
$361
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...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.
- Listed by Alexander Metaxas • DRE #01784652 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 485 East Washington Boulevard
Zoning
PSR3
Parcel Number5838040010
Total Units20.0
Living Area13859
Source Living AreaAssessor
AreaPasadena NE (646)
Vacancy Rate1
Lot Size Area38252
LISTING UPDATED: 12/17/2024 01:18 PM
Property Details for 485 East Washington Boulevard
Status | Active |
---|---|
MLS # | 24-456721 |
Days on Market | 54 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1948 |
Lot Size | 0.88 AC / 38,252 SF |
County | Los Angeles County |
Building Information for 485 East Washington Boulevard
Stories1Residences-Year Built1948Building Size-Lot Size0.88 AC / 38,252 SF
Property Information for 485 East Washington Boulevard
Property History for 485 East Washington Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 485 East Washington Boulevard
Taxable ValueLand$557,521Additions$604,732Total$1,162,253
Tax Record2024$17,715 ($1,476 / month)
Home Facts
Total Finished SqFt13,859 SqFtAbove Grade Finished SqFt13,859 SqFtLot Size38,240 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningPSR3CountyLOS ANGELESAPN5838-040-010
Schools near 485 East 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 |
---|---|---|
Longfellow (Henry W.) Elementary School PublicK to 5 | ||
Charles W. Eliot Middle 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.
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