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485 E Washington Boulevard, Pasadena, CA 91104
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$4,850,000
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Home Details for 485 E Washington Boulevard
Price
$4,850,000
Type
other
Bedrooms
25
Total Bathrooms
24
Year Build
1948
Sq. Ft.
13859
Lot Size
0.8781
County
Los Angeles
MLS®️ Listing#
24456721
On exitrealty.com
185 days
Property Description
***SELLER WANTS TO SEE ALL OFFERS***ONE OF THE BEST CAP RATES IN PASADENA RIGHT NOW*** OVER 6% CASH ON CASH RETURN with solid rent growth as units turn over and become vacant. Over all this is a fantastic bread-n-butter apartment investment on almost ONE ACRE of land. Super strong rental location of Pasadena with low maintenance type buildings. Two single-story buildings offering a unit mix of One 3Bed+2bath, Three 2Bed+1bath and 16 spacious 1Bed+1bath units and NO SOFT-STORY. 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.
- Cooling Information
- Wall/Window Unit(s)
- Heating Information
- Wall Furnace
- Parking
- Carport
Listing Courtesy: Realty Investment Advisors, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-10-10 15:28:58 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from California Regional MLS.
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.
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$4,850,000
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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA DRE# 01516899. Lorenzo Castillo Broker.