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Remodeled 24-Unit Apartment Building
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278 E Washington Blvd, Pasadena, CA 91104

Remodeled 24-unit apartment building with gated parking and two-bedroom units featuring in-unit washers and dryers.

Property SizeContact for details
Days on Market145

Property Features for 278 E Washington Blvd

General Information

Standard status Active
Total Parking Spaces 24
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 24

Building Details

Tenancy Multi
Listing Agency: Nourmand & Associates
Listed By: Eric Smilay · License #CA 01710731
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 5:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nourmand & Associates

Investment Insights

Based on property information with market context.

This remodeled 24-unit apartment building offers fully finished two-bedroom apartments with modern open floor plans. Unit interiors include quartz countertops, stainless steel appliances, wood-like flooring, and in-unit washer and dryers. The property includes secured access with gated parking and 24 parking spaces.

The building has undergone a soft story retrofit, and almost all roofs are described as new. It is positioned in Pasadena near Old Town Pasadena, with access to restaurants, shopping, and attractions within minutes.

The property is presented as fully occupied, supported by a stated rent roll and an available assumable financing option.

Key Highlights

  • Remodeled 24‑unit apartment building in Pasadena, fully occupied with an existing rent roll.
  • All units are 2‑bedroom apartments with open floor plans, quartz countertops, and stainless steel appliances.
  • Units include in‑unit washer and dryers and wood‑like flooring throughout.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Skin Care Clinic Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 91104, CA

34,707
Population
14,381
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
9,133
Density / Sq Mi
$103,052
Median Household Income
$53,827
Median Earnings
$2,040
Median Rent
$1,022,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Remodeled 24-unit apartment building with gated parking and two-bedroom units featuring in-unit washers and dryers.
Where is this apartment building located?
The property is located at 278 E Washington Blvd Pasadena, CA.
What are key features of this property?
This property features: Remodeled 24‑unit apartment building in Pasadena, fully occupied with an existing rent roll.; All units are 2‑bedroom apartments with open floor plans, quartz countertops, and stainless steel appliances.; Units include in‑unit washer and dryers and wood‑like flooring throughout.
(310) 274-4000 Call to check price and availability
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