22-Unit Apartment Building with Private
For Sale
$1,795,000
2301 Pasadena Avenue, Los Angeles, CA 90031
Boutique 22-unit building with private kitchenettes and on-site shared laundry under a valid LAHD RSO certificate.
Property Size6,348 SF
Days on Market97
Property Features for 2301 Pasadena Avenue
General Information
Standard status
Active
Size
6,348 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Montecito Heights
Additional Details
Asking Price
$1,950,000
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$22,438
Amenities
private kitchenettes
on-site shared laundry
Building Details
Building Size
6,348 SF
Year Built
1962
Listing Agency:
Altman Apartments LLC
Listed By:
Logan Altman · License #01965826
(310) 903-0222
Source:
Truthrealty
Added: Jul 26
Changed: Oct 29
Last Checked: Oct 28 at 2:45PM
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
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Investment Insights
Based on property information with market context.
2301 Pasadena Avenue is a 22-unit boutique multifamily property built in 1962, currently in lease-up. The building operates under a valid LAHD RSO certificate, and each room features a private kitchenette with shared on-site laundry.
Plans are fully entitled to add a private bath to every room and create private-bath studios. The offering also describes dual-use flexibility as a boutique hostel or RSO apartments. Underwriting presented in the remarks reflects a 9.00% stabilized pro forma cap rate and a 6.20 GRM, with current occupancy characterized as being in repositioning.
Buyer should verify all figures, entitlements, unit legality, and square footage.
Plans are fully entitled to add a private bath to every room and create private-bath studios. The offering also describes dual-use flexibility as a boutique hostel or RSO apartments. Underwriting presented in the remarks reflects a 9.00% stabilized pro forma cap rate and a 6.20 GRM, with current occupancy characterized as being in repositioning.
Buyer should verify all figures, entitlements, unit legality, and square footage.
Key Highlights
- 22‑unit boutique apartment building with private kitchenettes
- Operated under a valid LAHD RSO certificate
- Shared on‑site laundry with private kitchenette rooms
Property Analytics
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Boutique 22-unit building with private kitchenettes and on-site shared laundry under a valid LAHD RSO certificate.
Where is this apartment building located?
The property is located at 2301 Pasadena Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 22‑unit boutique apartment building with private kitchenettes; Operated under a valid LAHD RSO certificate; Shared on‑site laundry with private kitchenette rooms
