858-525-5007

485 Washington, Pasadena CA 91104 | $5,195,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 38252 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1948
  • MLS#: 24456721
  • Community: 646 - Pasadena (NE)

Listing provided courtesy of Alexander Metaxas of Realty Investment Advisors, Inc.. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 SANDICOR.

5% Cap Current Rents with this multifamily investment opportunity with significant UPSIDE! With a large lot of about 38,240 square feet there is great potential for ADU possibilities. With mostly ideal 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, mature landscaping, an on-site laundry facility, and ample off-street parking, including carport options. This bread and butter apartment property is a money maker and secure long-term investment play and excellent 1031 exchange opportunity.

More Details

0.88 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985