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22-Unit Apartment Building with RSO
For Sale
$1,899,000

2301 Pasadena Ave, Los Angeles, CA 90031

22 units operated under a valid LAHD RSO certificate with private kitchenettes and shared on-site laundry.

Property Size6,348 SF
Days on Market48

Property Features for 2301 Pasadena Ave

General Information

Standard status Active
Size 6,348 SF
Property subtype Commercial

Additional Details

Asking Price $1,950,000
Public Transit Yes
Multifamily Units 22

Amenities

private kitchenettes
on-site shared laundry

Building Details

Building Size 6,348 SF
Year Built 1962
Units 22
Listing Agency: Altman Apartments LLC
Listed By: Logan Altman · License #01965826
Source: Elliman
Added: Jul 28 Changed: Sep 9 Last Checked: Sep 12 at 8:44AM

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 Altman Apartments LLC

Investment Insights

Based on property information with market context.

This 22-unit apartment building is operated under a valid LAHD RSO certificate. Units include private kitchenettes, and the property offers on-site shared laundry. The asset is currently in lease-up, with plans that are described as fully entitled to add a private bath to every room and create private-bath studios.

The property is located on Pasadena Avenue in Lincoln Heights / NELA and is described as minutes to DTLA, the LAC+USC Medical Center, and the Metro L Line. BikeScore and WalkScore are provided as somewhat bikeable/walkable, with a transit score listed as good.

Additional information in the materials notes dual-use flexibility discussed as either boutique hostel-style occupancy or RSO apartments, subject to buyer verification of entitlements, unit legality, and square footage.

Key Highlights

  • 22‑unit property operated under a valid LAHD RSO certificate
  • Each unit/room includes a private kitchenette, plus on‑site shared laundry
  • Fully entitled plans to add a private bath to every room and create private‑bath studios

Property Analytics

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Current Use

Pads on Pasadena Ave Hostel

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Computer & Electronic Repair HVAC Service

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

22
Residential units

Location Intelligence

Trade Area within ½ mile

1,463
Businesses Nearby

Demographics for 90031, CA

37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - 22 units operated under a valid LAHD RSO certificate with private kitchenettes and shared on-site laundry.
Where is this apartment building located?
The property is located at 2301 Pasadena Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 22‑unit property operated under a valid LAHD RSO certificate; Each unit/room includes a private kitchenette, plus on‑site shared laundry; Fully entitled plans to add a private bath to every room and create private‑bath studios
More about this property
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