485 E Washington Boulevard, Pasadena, CA 91104

  • $4,850,000
485 E Washington Boulevard
ResidentialIncome Active
485 E Washington Boulevard, Pasadena, CA 91104
485 E Washington Boulevard
  • $4,850,000

Overview

Property ID: HZ24456721
  • 25
  • Bedrooms
  • 24
  • Bathrooms
  • 13859
  • Sq Ft
  • 1948
  • Year Built

Description

***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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.

  • Address Washington
  • City Pasadena
  • State/county Los Angeles
  • Zip/Postal Code 91104

Details

Updated on September 19, 2025 at 2:05 am
  • Property ID: HZ24456721
  • Price: $4,850,000
  • Property Size: 13859 Sq Ft
  • Land Area: 0.8781 SquareFeet
  • Bedrooms: 25
  • Bathrooms: 24
  • Year Built: 1948
  • Property Status: ResidentialIncome
  • Listed by: Alexander Metaxas
  • DRE #: 01784652
  • Contact Mail: ametaxas@riacre.com
  • Brokered by: Realty Investment Advisors, Inc.

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