485 Washington Boulevard, Pasadena, CA 91104
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- MLS#: 24456721 ( )
- Street Address: 485 Washington Boulevard
- Viewed: 18
- Price: $4,998,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1948
- Bldg sqft: 0
- Days On Market: 105
- Additional Information
- County: LOS ANGELES
- City: Pasadena
- Zipcode: 91104
- Provided by: Realty Investment Advisors, Inc.
- Contact: Alexander Alexander
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DescriptionOVER 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.
Property Location and Similar Properties
Features
Building Area Total
- 13859.00
Cooling
- Wall/Window Unit(s)
Country
- US
Heating
- Wall Furnace
Levels
- One
Netoperatingincome
- 305207.00
Parcel Number
- 5838040010
Parking Features
- Carport
- Uncovered
Sourcesystemkey
- 24-456721:CLAW
Totalexpenses
- 138487.00
Views
- 18
Year Built
- 1948
Year Built Source
- Assessor
Zoning
- PSR3