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485 Washington Boulevard, Pasadena, CA 91104
Priced at Only: $4,998,000
For more Information Call Mobile: 714.478.6676
Address: 485 Washington Boulevard, Pasadena, CA 91104
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  • MLS#: 24456721 ( )
  • Street Address: 485 Washington Boulevard
  • Viewed: 16
  • Price: $4,998,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 63
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91104
  • Provided by: Realty Investment Advisors, Inc.
  • Contact: Alexander Alexander
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    OVER 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.
Features
Building Area Total
  1. 13859.00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 305207.00
Parcel Number
  1. 5838040010
Parking Features
  1. Carport
  2. Uncovered
Sourcesystemkey
  1. 24-456721:CLAW
Totalexpenses
  1. 138487.00
Views
  1. 16
Year Built
  1. 1948
Year Built Source
  1. Assessor
Zoning
  1. PSR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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