Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    485 Washington Boulevard, Pasadena, CA 91104
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    485 Washington Boulevard
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    • MLS#: 24456721 ( )
    • Street Address: 485 Washington Boulevard
    • Viewed: 27
    • Price: $4,998,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1948
    • Bldg sqft: 0
    • Days On Market: 159
    • Additional Information
    • County: LOS ANGELES
    • City: Pasadena
    • Zipcode: 91104
    • Provided by: Realty Investment Advisors, Inc.
    • Contact: Alexander Alexander
    • California Regional MLS IDX
    • DMCA Notice
    • 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 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.
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    Features
    Building Area Total
    1. 13859.00
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Heating
    1. Wall Furnace
    Levels
    1. One
    Netoperatingincome
    1. 305207.00
    Parcel Number
    1. 5838040010
    Parking Features
    1. Carport
    2. Uncovered
    Sourcesystemkey
    1. 24-456721:CLAW
    Totalexpenses
    1. 138487.00
    Views
    1. 27
    Year Built
    1. 1948
    Year Built Source
    1. Assessor
    Zoning
    1. PSR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836