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Listed by: Alexander Metaxas (626) 313-4901 DRE #01784652, Benjamin J. Hsiang DRE #01438644 | Realty Investment Advisors, Inc.
$4,850,000
25 Beds
24 Baths
13,859sqft
485 E Washington Blvd, Pasadena, CA 91104
$4,850,000
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Multi Family
Built in 1948
$-- HOA
38,252 sqft lot
$350/sq.ft
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-maintain...
Continue Reading- Houzeo last checked: 43 Minutes ago
- Listing updated: October 31, 2025 at 10:09 pm
- Source: California Regional MLS-CA | MLS#: 24456721
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1948
HOA Fees
-
Finished Area
13,859 sqft
Lot Size
38,252 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
24456721
MLS Status
Active
Days on Market
407
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