485 E Washington Blvd Pasadena, CA 91104
Property Features for 485 E Washington Blvd
General Information
- Lot size
- 0.88 Acres
Building Details
- Year built
- 1948
Source: Realty Investment Advisors, Inc.
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pasadena Multifamily Investment Opportunity
This Pasadena multifamily property presents an investment opportunity with a reported cash on cash return exceeding 6%. Situated on almost one acre of land, the property features two single-story buildings. The unit mix comprises one 3-bedroom, 2-bathroom unit, three 2-bedroom, 1-bathroom units, and sixteen 1-bedroom, 1-bathroom units. The units include wall-mounted air conditioning and heating, a mix of tile and carpet flooring, and kitchens with gas oven/stove combinations. The property is described as well-maintained, with an open grass courtyard and an on-site laundry facility that generates income. Open and carport parking are available. The property is located in a strong rental location.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.1404772
- Latitude
- 34.1694601
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Pasadena multifamily property with high cash on cash return.
Where is this apartment building located?
The property is located at 485 E Washington Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: - Over 6% Cash-on-Cash Return with Rent Growth Potential; - Strong Rental Location in Pasadena; - Low-Maintenance, Single-Story Buildings on Almost One Acre